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

The Socialisation of Capitalism for the New Economic Paradigm

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  • Mike Thompson

Published 2020-12-01

How to Cite

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

Copyright (c) 2023 Mike Thompson

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

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.

ENG CHI (简体中文)