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It is becoming increasingly clear that a new economics is required for investigating modern dynamic economies and the coming social world. Important features of those economies, such as innovation, uncertainty and entrepreneurship, are usually considered capitalist features. This may have been true, historically, but this book argues that the contrary will be true for the future: the full and efficient operation of those supposed capitalist features will increasingly require the overcoming of capitalist civilization.
Angelo Fusari was Director of Research at ISAE (Institute for Studies and Economic Analyses), where he dedicated attention to the performance of Business Tendency Surveys harmonized at the European level, was in charge of ISAE for Italy and investigated innovation, uncertainty and entrepreneurship with the connected forms of dynamic competition and business cycles.
PART I: Theoretical Frame 1. Innovation, uncertainty, entrepreneurship: modeling the dynamic process of the economy 2. Mainstream economics and heterodox economics: a misleading controversy - necessary system versus natural system 3. An explanation of economic change and development 4. A micro representation of the innovation-adaptation mechanism driving economic dynamics 5. An analysis on the theory of the firm: organizational forms and dimensions 6. Radical uncertainty, dynamic competition and a model of the business cycle: the implications of a measure and an explanation of what is supposed immeasurable and unexplainable PART II: Problems of political economy: the need for reformations 7. An overview of the economic process 8. The role of demand in contemporary economics: theoretical and operational ambiguities and misunderstandings 9. Economic dualism: a model concerning Italy 10. Money, interest rate and financial markets 11. The ethical dimension: creativity and social justice 12. Toward a noncapitalist market system: spontaneous order and organization
