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Patentism Replacing Capitalism

A Prediction from Logical Economics

  • Book
  • © 2019

Overview

Authors:
  1. Samuel Meng

    1. Griffith University, Brisbane, Australia

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  • Proposes an alternative economic model that could end capitalism
  • Reviews the current patent system and explores opportunities for a new patent system
  • Brings economic theory and empirical modelling together as part of a new debate

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xxx
    Download chapter PDF

  2. Patents and Economics

    • Samuel Meng
    Pages 1-18

  3. Logic, Politics and Economics—A Brief History of Political Economy

    • Samuel Meng
    Pages 19-87

  4. Statistical Sophistry

    • Samuel Meng
    Pages 89-183

  5. A Critical Assessment of Different Schools of Economic Thought

    • Samuel Meng
    Pages 185-316

  6. A New Theory on Business Cycle and Economic Growth

    • Samuel Meng
    Pages 317-480

  7. A New Patent System to Usher in an Innovative Economy

    • Samuel Meng
    Pages 481-587

  8. The Future of Our Economy and Society

    • Samuel Meng
    Pages 589-601

  9. Back Matter

    Pages 603-609
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Keywords

About this book

Based on economic knowledge and logical reasoning, this book proposes a solution to economic recessions and offers a route for societal change to end capitalism. The author starts with a brief review of the history of economics, and then questions and rejects the trend of recent decades that has seen econometrics replace economic theory. By reviewing the different schools of economic thought and by examining the limitations of existing theories to business cycles and economic growth, the author forms a new theory to explain cyclic economic growth. According to this theory, economic recessions result from innovation scarcity, which in turn results from the flawed design of the patent system. The author suggests a new design for the patent system and envisions that the new design would bring about large economic and societal changes. Under this new patent system, the synergy of the patent and capital markets would ensure that economic recessions could be avoided and that the economy would grow at the highest speed.

Authors and Affiliations

  • Griffith University, Brisbane, Australia

    Samuel Meng

About the author

Dr Samuel Meng  is a senior researcher at the Griffith University in Australia. With his colleagues, Dr Meng has obtained and worked on prestigious Australian Research Council (ARC) grants. His papers have been published in international journals such as Tourism Management, Energy Economics, Energy Policy, Agricultural economics; The Environmental and Resources Economics, Economic Modelling, and Applied Economics. His last book with Palgrave Macmillan was Assessing the Economic Impact of Tourism (2017).

Bibliographic Information

  • Book Title: Patentism Replacing Capitalism

  • Book Subtitle: A Prediction from Logical Economics

  • Authors: Samuel Meng

  • DOI: https://doi.org/10.1007/978-3-030-12247-8

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2019

  • Hardcover ISBN: 978-3-030-12246-1Published: 16 May 2019

  • Softcover ISBN: 978-3-030-12249-2Published: 28 October 2020

  • eBook ISBN: 978-3-030-12247-8Published: 03 May 2019

  • Edition Number: 1

  • Number of Pages: XXX, 609

  • Number of Illustrations: 20 b/w illustrations, 66 illustrations in colour

  • Topics: R & D/Technology Policy, Economic Growth, Econometrics, Innovation/Technology Management

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