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The Heterodox Theory of Social Costs: By K. William Kapp
Hardcover
Series: Routledge Advances in Heterodox Economics
ISBN13: 9781138775473
Publisher: Routledge
Published: Aug 6 2015
Pages: 166
Weight: 1.00
Height: 0.70 Width: 6.10 Depth: 9.10
Language: English
The core of this book are the chapters on the social costs of markets and neoclassical economics, the social benefits of environmental controls, development planning, and the governance of science and technology. These chapters convincingly argue for socio-ecological safety standards that yield social benefits and sustainable development. In this, Kapp refutes conventional solutions, such as bargaining, taxation, and tort law as ineffective, inefficient, inconsistent, and too market-obedient. This book demonstrates the fruitfulness of the heterodox theory on social costs. The latter is a coherent alternative to neoclassical economics and an effective remedy for urgent socio-economic and ecological problems.
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