The Heterodox Theory of Social Costs: By K. William Kapp
K. William Kapp, "The Heterodox Theory of Social Costs: By K. William Kapp "
English | ISBN: 1138299359 | 2017 | 180 pages | PDF | 14 MB
English | ISBN: 1138299359 | 2017 | 180 pages | PDF | 14 MB
K. William Kapp’s heterodox theory of social costs proposes precautionary planning to pre-empt social costs and provide social benefits via socio-ecological safety standards that guarantee the gratification of basic human needs.
Based on arguments from Thorstein Veblen, Karl Marx, and Max Weber, social costs are conceptualized as systemic and large-scale damages caused by markets. Kapp refutes neoclassical solutions, such as bargaining, taxation, and tort law, unmasking them as ineffective, inefficient, inconsistent, and too market-obedient.
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