Are the free market beliefs of libertarians ideologically or empirically motivated? What do economists mean, when they say that the price system (free markets) promotes economic efficiency? When are free market arrangements "inefficient,"...
The problem extends beyond Wall Street to all corners of American business. In the private sector, cronyism is commonly called the "old boys' club." It may look like networking. However, there is often corruption within the alliances. That makes it difficult to know which partnerships are leg...
The economies of the major capitalist nations did well in the decades immediately followingWorld War II, helping to restore some of the trust in the capitalist system that had been lost in the 1930s. But, beginning in the 1970s, a number of people began to have second thoughts about the ...
In contrast to laissez-faire economics, the economic approach of dirigisme promotes the idea of government integration into business decisions and regulations. The core belief of dirigisme is that, in order to prevent economic calamity, the government should have some form of control over the economy...
cattle and the implements of labor. Lenin showed that by using “average” statistics, the Narodniks distorted the real situation in the countryside, failed to comment on the contradictions of Russian capitalism, and obfuscated the process of the disintegration of the peasantry, which promotes the ...
Given this, and what we now know about surveillance capitalism, in the following section we propose a mandatory framework for data breach disclosures that seeks to address both these limits in current practice. 5. A framework for data breach disclosures Given the variability in rules and practices...
The process is accelerated by the neoliberal public policies in India that promotes the idea of ‘desired development’. In a way, this chapter is trying to document the nature of change in the tribal society which has travelled from ‘need’-based development to ‘desired’ development in the...
to achieve the highest score following predefined rules. Players make strategic business decisions to maximize their scores, which are then displayed on a web-based leaderboard for comparison and ranking against others. This promotes healthy competition and encourages players to improve their performance....
Private property promotes efficiency by giving the owner of resources an incentive to maximize the value of their property. The more valuable a resource is, the more trading power it provides the owner. In a capitalist system, the person who owns the property is entitled to any value associated...
Capitalismis an economic system that maintains that the production of goods and services should remain in the hands of private individuals and businesses, not governments. To be successful, these individuals will produce the goods and services needed by the public, at the prices that the public...