Overview
- 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)
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
About the author
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