The Socialisation of Capitalism for the New Economic Paradigm

Authors

  • Mike Thompson

Abstract

The assumptions of neo-classical economics: rational self-interest, profit maximization, agency theory and the accumulation of capital have led to the perception that capitalism is, ipso facto, a force for injustice. No system can unpick the myriad of motivations that different consumers and investors make in their transactional decisions, whilst rational choice theory finds little support amongst contemporary economists.

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2020-12-01

Issue

Vol. 7 (2020): Triggering a Change of the Economic Paradigm

Section

Articles

License

Copyright (c) 2023 Mike Thompson

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

The Socialisation of Capitalism for the New Economic Paradigm. (2020). The Macau Ricci Institute Journal, 7, 102-107. https://journals.usj.edu.mo/index.php/mrijournal/article/view/108