Capital and Capitalism : The Role of Economic Calculation in the Market Economy.

Format:

Book

Author/Creator:

Braun, Eduard.

Series:

Routledge Frontiers of Political Economy Series

Language:

English

Physical Description:

1 online resource (172 pages)

Edition:

1st ed.

Place of Publication:

Oxford : Taylor & Francis Group, 2026.

Summary:

Capitalism is an economic system where almost all production and trade activities are organised by enterprises whose purpose is to maximise the return on the capital that has been invested in them.

Contents:

Cover

Endorsements

Half Title

Series Page

Title Page

Copyright Page

Dedication

Contents

List of figures

Preface

Introduction

1. Capital in conventional economic theory

1.1. The complexity of the modern production process

1.2. Capital as a factor of production

2. Capital in actual business life

2.1. Capital as in "capital"-ism

2.2. Capital in the productive activities of enterprises

3. Economic calculation

3.1. Retrospective economic calculation

3.2. Prospective economic calculation

4. The societal role of capital in capitalism

4.1. The role of retrospective economic calculation: coordination and equilibration

4.2. The role of prospective economic calculation: progress and innovation

5. The theoretical foundations of value-orientation

5.1. Homo economicus

5.2. Finance and its separation theorems

6. Value-orientation as a misplaced blueprint for economic practice

6.1. A prescriptive turn in economics

6.2. Fair value accounting

6.3. Shareholder value maximisation

6.4. The paradox of value-orientation

7. Conclusion

7.1. A summing up

7.2. A suggested application

References

Index.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

1-04-053051-6

1-003-50104-4

1-04-068294-4

9781003501046

OCLC:

1571369022

Publisher Number:

CIPO000336306