1.

Record Nr.

UNINA9910337679803321

Autore

Meng Samuel

Titolo

Patentism Replacing Capitalism : A Prediction from Logical Economics / / by Samuel Meng

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019

ISBN

9783030122478

3030122476

Edizione

[1st ed. 2019.]

Descrizione fisica

1 online resource (630 pages)

Disciplina

338.9

338.542

Soggetti

Economic development

Econometrics

Technological innovations

Economic Development, Innovation and Growth

Economic Growth

Innovation and Technology Management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

1. Patents and Economics -- 2. Logic, Politics and Economics: a brief history of political economy -- 3. Statistical Sophistry -- 4. A Critical Assessment of Different Schools of Economic Thought -- 5. A New Theory on Business Cycle and Economic Growth -- 6. A New Patent System to Usher In an Innovative Economy -- 7. The Future of Our Economy and Society.

Sommario/riassunto

Based on economic knowledge and logical reasoning, this book proposes a solution to economic recessions and offers a route for societal change to end capitalism. The author starts with a brief review of the history of economics, and then questions and rejects the trend of recent decades that has seen econometrics replace economic theory. By reviewing the different schools of economic thought and by examining the limitations of existing theories to business cycles and economic growth, the author forms a new theory to explain cyclic economic growth. According to this theory, economic recessions result from



innovation scarcity, which in turn results from the flawed design of the patent system. The author suggests a new design for the patent system and envisions that the new design would bring about large economic and societal changes. Under this new patent system, the synergy of the patent and capital markets would ensure that economic recessions could be avoided and that the economy would grow at the highest speed.