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The reason for using the adjective word ¿social¿ ¿ as in socialism¿ or ¿social service¿ or ¿social democracy¿ -- is, essentially, to deny those postulates of standard economic theory. Real humans are not rational utility maximizers (whatever that is) and very often do things that are not in their own personal best interests. This can happen because other interests, such as family loyalty, professional, religious, or patriotic duty, may take precedence. Real people rarely behave like Homo economicus, who has rivals but no friends. He (or she) does not trust anyone, hence cannot cooperate with others, and can never create, or live in, a viable social system (or marriage). Yet social systems, ranging from families and tribes to firms, cities, and nations do (and must) exist or civilization cannot exist. A viable social system must not allow ¿winner takes all¿. It must reallocate some of the societal wealth being created by competitive activities to support the young, the old and the weak, because all of those people have equal rights, if not the same luck or the same skills.
Both competition and cooperation have important roles to play. A hybrid capitalism involving both is the only viable solution. The book ends with a specific suggestion, namely Universal Basic Income, or UBI.
The reason for using the adjective word ¿social¿ ¿ as in socialism¿ or ¿social service¿ or ¿social democracy¿ -- is, essentially, to deny those postulates of standard economic theory. Real humans are not rational utility maximizers (whatever that is) and very often do things that are not in their own personal best interests. This can happen because other interests, such as family loyalty, professional, religious, or patriotic duty, may take precedence. Real people rarely behave like Homo economicus, who has rivals but no friends. He (or she) does not trust anyone, hence cannot cooperate with others, and can never create, or live in, a viable social system (or marriage). Yet social systems, ranging from families and tribes to firms, cities, and nations do (and must) exist or civilization cannot exist. A viable social system must not allow ¿winner takes all¿. It must reallocate some of the societal wealth being created by competitive activities to support the young, the old and the weak, because all of those people have equal rights, if not the same luck or the same skills.
Both competition and cooperation have important roles to play. A hybrid capitalism involving both is the only viable solution. The book ends with a specific suggestion, namely Universal Basic Income, or UBI.
In this important and engaging book, Ayres explains why
Freedom to choose cannot be absolute, nor can equality of incomes or outcomes be guaranteed
Competition among equals is productive, but cooperation is also essential. Competition between unequals is destructive "Winner takes all" capitalism is unsustainable
Wealth is not virtue. Poverty is not a character defect
Unequal wealth means inequality of opportunity, so a sustainable society needs mechanisms to compensate
Erscheinungsjahr: | 2020 |
---|---|
Genre: | Politikwissenschaften |
Rubrik: | Wissenschaften |
Medium: | Buch |
Seiten: | 248 |
Inhalt: |
ix
235 S. 9 s/w Illustr. 44 farbige Illustr. 235 p. 53 illus. 44 illus. in color. |
ISBN-13: | 9783030396503 |
ISBN-10: | 3030396509 |
Sprache: | Englisch |
Ausstattung / Beilage: | HC runder Rücken kaschiert |
Einband: | Gebunden |
Autor: | Ayres, Robert U. |
Auflage: | 1st ed. 2020 |
Hersteller: | Springer International Publishing |
Maße: | 241 x 160 x 20 mm |
Von/Mit: | Robert U. Ayres |
Erscheinungsdatum: | 30.05.2020 |
Gewicht: | 0,541 kg |
In this important and engaging book, Ayres explains why
Freedom to choose cannot be absolute, nor can equality of incomes or outcomes be guaranteed
Competition among equals is productive, but cooperation is also essential. Competition between unequals is destructive "Winner takes all" capitalism is unsustainable
Wealth is not virtue. Poverty is not a character defect
Unequal wealth means inequality of opportunity, so a sustainable society needs mechanisms to compensate
Erscheinungsjahr: | 2020 |
---|---|
Genre: | Politikwissenschaften |
Rubrik: | Wissenschaften |
Medium: | Buch |
Seiten: | 248 |
Inhalt: |
ix
235 S. 9 s/w Illustr. 44 farbige Illustr. 235 p. 53 illus. 44 illus. in color. |
ISBN-13: | 9783030396503 |
ISBN-10: | 3030396509 |
Sprache: | Englisch |
Ausstattung / Beilage: | HC runder Rücken kaschiert |
Einband: | Gebunden |
Autor: | Ayres, Robert U. |
Auflage: | 1st ed. 2020 |
Hersteller: | Springer International Publishing |
Maße: | 241 x 160 x 20 mm |
Von/Mit: | Robert U. Ayres |
Erscheinungsdatum: | 30.05.2020 |
Gewicht: | 0,541 kg |