A New Theory on Business Cycle and Economic Growth
Starting from an investigation into the nature of business cycles, Chapter 4 illustrates a new theory to explain business cycle and economic growth. This theory is subsequently derived rigorously by using economic models. The implications of the new theo
- PDF / 7,903,825 Bytes
- 630 Pages / 433.701 x 612.283 pts Page_size
- 64 Downloads / 249 Views
Samuel Meng
Patentism Replacing Capitalism
Samuel Meng
Patentism Replacing Capitalism A Prediction from Logical Economics
Samuel Meng Griffith University Brisbane, QLD, Australia
ISBN 978-3-030-12246-1 ISBN 978-3-030-12247-8 (eBook) https://doi.org/10.1007/978-3-030-12247-8 Library of Congress Control Number: 2018968268 © The Editor(s) (if applicable) and The Author(s) 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: GettyImages/Nastco This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
I dedicate this book to my father, and to the memory of my mother.
Preface
The purpose of this book is threefold: providing an explanation and a solution to the phenomenon of economic recession/stagnation, foreshadowing the coming societal changes, and redirecting economic research from robotic data mining back to rigorous logical thinking. At this very beginning, I shall make a claim that this book will help society avoid economic stagnation and bring the world one step closer towards a knowledge economy. Is it true or not? You can judge after reading. Or time will tell eventually. The world has experienced significant social changes over thousands of years. In what direction is society heading? Will socialism replace capitalism or will capitalism survive even after the implication of the 2008 global financial crisis? Based on economic knowledge and careful logical reasoning, this book demonstrates that the recurrence of economic recessions spells the end of capitalism and the dawn of patentism. The book highlights the vital role of innovation in economic growth. It is widely appreciated that innovation is extremely important for economic growth and for our daily life, but it appears that the mec
Data Loading...
