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Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism

Author

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  • Kornai, Janos

    (Harvard University and Corvinus University of Budapest)

Abstract

In Dynamism, Rivalry, and the Surplus Economy, Janos Kornai examines capitalism as an economic system and in comparison to socialism. Kornai explains his view of capitalism as an economy of surplus--a chronic excess of supply of goods and labor. This environment breeds rivalry among producers, which in turn encourages innovation. Socialism, on the other hand, is defined by a shortage of goods and labor and excess of demand. Whereas socialism is slothful and imitative, capitalism is dynamic and progressive. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop. Available in OSO: http://www.oxfordscholarship.com/oso/public/content/economicsfinance/9780199334766/toc.html

Suggested Citation

  • Kornai, Janos, 2013. "Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism," OUP Catalogue, Oxford University Press, number 9780199334766.
    • Handle: RePEc:oxp:obooks:9780199334766
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    Cited by:

    1. Xu, Yongsheng & Yoshihara, Naoki, 2019. "Does dynamic market competition with technological innovation leave no one behind?," Discussion Paper Series 699, Institute of Economic Research, Hitotsubashi University.
    2. Di Guo & Haizhou Huang & Kun Jiang & Chenggang Xu, 2021. "Disruptive innovation and R&D ownership structures," Public Choice, Springer, vol. 187(1), pages 143-163, April.
    3. Mingtang Liu, 2024. "Amplified State Capitalism in China: Overproduction, Industrial Policy and Statist Controversies," Development and Change, International Institute of Social Studies, vol. 55(2), pages 191-218, March.
    4. Grzegorz Go³êbiowski & Piotr Russel, 2015. "Business Dynamics In Poland In Comparison To Selected Countries," GUT FME Conference Publications, in: Blazej Prusak (ed.),ENTERPRISES IN UNSTABLE ECONOMY, chapter 14, pages 182-196, Faculty of Management and Economics, Gdansk University of Technology.
    5. Mehrdad Vahabi, 2021. "Introduction: a special issue in honoring Janos Kornai," Public Choice, Springer, vol. 187(1), pages 1-13, April.
    6. Mehrdad Vahabi, 2022. "In Janos Kornai’s memory," Public Choice, Springer, vol. 190(3), pages 265-271, March.
    7. Xu, Cheng-Gang, 2017. "Capitalism and Socialism: Review of Kornai’s Dynamism, Rivalry, and the Surplus Economy," CEPR Discussion Papers 11866, C.E.P.R. Discussion Papers.
    8. Chenggang Xu, 2017. "Capitalism and Socialism: A Review of Kornai's Dynamism, Rivalry, and the Surplus Economy," Journal of Economic Literature, American Economic Association, vol. 55(1), pages 191-208, March.
    9. Xu, Cheng-Gang & Guo, Di & Huang, Haizhou & Jiang, Kun, 2020. "Disruptive Innovation and R&D Ownership Structures of the Firm," CEPR Discussion Papers 14861, C.E.P.R. Discussion Papers.
    10. Kovács, Olivér, 2020. "Gazellák az iparpolitika tükrében, I [Gazelles and industrial policy, Part 1]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 54-87.
    11. Hana Lipovská & Lucie Coufalová & Libor Žídek, 2018. "Homo Economicus in the Shortage Economy," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 4, pages 207-226, December.
    12. Csaba, László, 2023. "A szellem óriásának magányossága [The loneliness of the giant of economics]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-22.

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