LEADER 03153nam 22005655 450 001 9910337679803321 005 20240326105701.0 010 $a9783030122478 010 $a3030122476 024 7 $a10.1007/978-3-030-12247-8 035 $a(CKB)4100000008103830 035 $a(MiAaPQ)EBC5771261 035 $a(DE-He213)978-3-030-12247-8 035 $a(Perlego)3494145 035 $a(EXLCZ)994100000008103830 100 $a20190503d2019 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aPatentism Replacing Capitalism $eA Prediction from Logical Economics /$fby Samuel Meng 205 $a1st ed. 2019. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2019. 215 $a1 online resource (630 pages) 311 08$a9783030122461 311 08$a3030122468 327 $a1. 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. 330 $aBased 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. 606 $aEconomic development 606 $aEconometrics 606 $aTechnological innovations 606 $aEconomic Development, Innovation and Growth 606 $aEconomic Growth 606 $aEconometrics 606 $aInnovation and Technology Management 615 0$aEconomic development. 615 0$aEconometrics. 615 0$aTechnological innovations. 615 14$aEconomic Development, Innovation and Growth. 615 24$aEconomic Growth. 615 24$aEconometrics. 615 24$aInnovation and Technology Management. 676 $a338.9 676 $a338.542 700 $aMeng$b Samuel$4aut$4http://id.loc.gov/vocabulary/relators/aut$0982619 906 $aBOOK 912 $a9910337679803321 996 $aPatentism Replacing Capitalism$92262744 997 $aUNINA