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Presents the Theory of Political Economy of Rent-Seeking and Profit-Harvesting
Presents problems and solutions of the market mockery of the democratic collective decision-choice system
Includes a toolbox of methods of fuzzy decision, approximate reasoning, negotiation games and fuzzy mathematics
This volume presents an analysis of the problems and solutions of the market mockery of the democratic collective decision-choice system with imperfect information structure composed of defective and deceptive structures using methods of fuzzy rationality.
The book is devoted to the political economy of rent-seeking, rent-protection and rent-harvesting to enhance profits under democratic collective decision-choice systems. The toolbox used in the monograph consists of methods of fuzzy decision, approximate reasoning, negotiation games and fuzzy mathematics. The monograph further discusses the rent-seeking phenomenon in the Schumpeterian and Marxian political economies where the rent-seeking activities transform the qualitative character of the general capitalism into oligarchic socialism and making the democratic collective decision-choice system as an ideology rather than social calculus for resolving conflicts in preferences in the collective decision-choice space without violence.
Content Level »Research
Keywords »Approximate Reasoning - Collective Decision-choice System - Control - Democracy - Fuzzy Mathematics - Fuzzy Rationality Fuzziness - Negotiation Games
Hermeneutics of Rent-seeking Theory, Socialgoal-objective Formation and Fuzzy Rationality.- Rent-seeking, Rent-creation and Rent-protection in Social-goal Objective Formations.- Rent-seeking Activities in Schumpeterian and Marxian Soco-political Dynamics.- Fuzzy-stochastic Information, Financial bubbles, Systemic risk, Creative Destruction and Rent-seeking Society in the Schumpeterian Economy.- Democracy, Political Markets and Sociopolitical Responsibility and Accountability.- Political Markets and Penumbral Regions of Rent-seeking Activities.