Feudal Capitalism And The Innovation Economy

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Feudal Capitalism and the Innovation Economy

Author : Jon-Arild Johannessen
Publisher : Taylor & Francis
ISBN 13 : 1000886239
Total Pages : 281 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Feudal Capitalism and the Innovation Economy by : Jon-Arild Johannessen

Download or read book Feudal Capitalism and the Innovation Economy written by Jon-Arild Johannessen and published by Taylor & Francis. This book was released on 2023-06-05 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: In feudal society, it was the few at the top who laid the ground for what was produced, how it was produced and how it was distributed. Freedom was restricted, and people were kept in their place by institutional structures. In capitalism, the focus is on free markets, free trade, and a personal freedom, where self-interest is assumed to lead to progress for the collective good. In today’s world, there is a move towards algorithmic capitalism at the micro-level, platform capitalism at the meso-level, and feudal capitalism at the macro-level. This is the new and innovative concept developed in this book. The author argues that feudal capitalism is distinct but linked to the innovation economy, and represents an interconnection between the organization of feudal society and central aspects of capitalism. Additionally, he asserts that the balance between feudal capitalism and a reinvented, sustainable capitalism based on the innovation economy, can help restore the moral compass lost in the evolution of global capitalism. The key argument of the book is that even if we see a development towards feudal capitalism, a more just and moral capitalism can be restored through various social mechanisms such as changes in the institutional framework, the development of a balanced form of globalization and re-establishing social cohesion and equality of opportunity. Further, the book offers policy interventions to support this idea. The book will find an audience among scholars and researchers of political economy, political theory, economic history, management, AI and ethics, philosophy and automation, inequality and equality of opportunity

Automation, Capitalism and the End of the Middle Class

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 1000020347
Total Pages : 83 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Automation, Capitalism and the End of the Middle Class by : Jon-Arild Johannessen

Download or read book Automation, Capitalism and the End of the Middle Class written by Jon-Arild Johannessen and published by Routledge. This book was released on 2019-04-18 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the author argues that a new form of capitalism is emerging at the threshold of the Fourth Industrial Revolution. He asserts that we are in the midst of a transition from democratic capitalism to feudal capitalism and highlights how robotization and innovation is leading to a social crisis for the middle classes as economic inequality is on the rise. Johannessen outlines the three elements – Balkanization, the Great Illusion, and the plutocracy – which are referred to here as feudal structures. He describes, analyzes, and discusses these elements both individually and in interaction with each other, and asks: "What structures and processes are promoting and boosting feudal capitalism?" Additionally, the book serves to generate knowledge about how the middle class will develop in the Fourth Industrial Revolution. It shows the various effects of robotization on the middle class, where middle class jobs are transformed, deconstructed, and re-constructed and new part-time jobs are created for the middle class. Given the interest in the Fourth Industrial Revolution, the book will appeal to students of economic sociology and political economy as well as those in innovation and knowledge management courses focusing upon the emerging innovation economy. The topic will attract policymakers, and the accessible and engaging tone will also make the book of interest to the general public.

The Cambridge History of Capitalism

Author : Larry Neal
Publisher : Cambridge University Press
ISBN 13 : 9781107019638
Total Pages : 628 pages
Book Rating : 4.0/5 (196 download)

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Book Synopsis The Cambridge History of Capitalism by : Larry Neal

Download or read book The Cambridge History of Capitalism written by Larry Neal and published by Cambridge University Press. This book was released on 2014-01-23 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first volume of The Cambridge History of Capitalism provides a comprehensive account of the evolution of capitalism from its earliest beginnings. Starting with its distant origins in ancient Babylon, successive chapters trace progression up to the 'Promised Land' of capitalism in America. Adopting a wide geographical coverage and comparative perspective, the international team of authors discuss the contributions of Greek, Roman, and Asian civilizations to the development of capitalism, as well as the Chinese, Indian and Arab empires. They determine what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Looking at the eventual success of medieval Europe and the examples of city-states in northern Italy and the Low Countries, the authors address how British mercantilism led to European imitations and American successes, and ultimately, how capitalism became global.

Automation, Innovation and Economic Crisis

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 1351039849
Total Pages : 197 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis Automation, Innovation and Economic Crisis by : Jon-Arild Johannessen

Download or read book Automation, Innovation and Economic Crisis written by Jon-Arild Johannessen and published by Routledge. This book was released on 2018-05-15 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fourth industrial revolution is developing globally, with no geographical centre. It is also taking place at enormous speed. This development will shape the workplaces of the future, which will be entirely different from the workplaces created by the first, second and third industrial revolutions. Industry created the industrial worker. The knowledge society will create a new type of "industrial worker", the knowledge worker. While the third industrial revolution was concerned with the digitalization of work, in the fourth industrial revolution, robots will bring about the informatization of work. Many of these robots will be systematically connected, such that they can obtain updated information and learn from their own and others’ mistakes. The way we work, where we work, what we work on, and our relationships with our colleagues and employers are all in a state of change. The workplace of the future will not necessarily be a fixed geographical location, but may be geographically distributed and functionally divided. In his book, Jon-Arild Johannessen argues that a "perfect" social storm occurs when inequality grows at a catastrophic rate, unemployment increases, job security is threatened for a growing number and robotization takes over even the most underpaid jobs. Thus, the ingredients for a perfect social storm will be brought forward by cascades of innovations that will most likely lead to economic and social crises and he argues that it is reasonable to assume that it will only take a small spark for this social storm to develop into a social revolution.

Prophet of Innovation

Author : Thomas K. McCraw
Publisher : Harvard University Press
ISBN 13 : 0674736966
Total Pages : 734 pages
Book Rating : 4.6/5 (747 download)

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Book Synopsis Prophet of Innovation by : Thomas K. McCraw

Download or read book Prophet of Innovation written by Thomas K. McCraw and published by Harvard University Press. This book was released on 2010-03-30 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pan Am, Gimbel’s, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland—all once as strong as dinosaurs, all now just as extinct. Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. “Creative destruction,” he said, is the driving force of capitalism. Described by John Kenneth Galbraith as “the most sophisticated conservative” of the twentieth century, Schumpeter made his mark as the prophet of incessant change. His vision was stark: Nearly all businesses fail, victims of innovation by their competitors. Businesspeople ignore this lesson at their peril—to survive, they must be entrepreneurial and think strategically. Yet in Schumpeter’s view, the general prosperity produced by the “capitalist engine” far outweighs the wreckage it leaves behind. During a tumultuous life spanning two world wars, the Great Depression, and the early Cold War, Schumpeter reinvented himself many times. From boy wonder in turn-of-the-century Vienna to captivating Harvard professor, he was stalked by tragedy and haunted by the specter of his rival, John Maynard Keynes. By 1983—the centennial of the birth of both men—Forbes christened Schumpeter, not Keynes, the best navigator through the turbulent seas of globalization. Time has proved that assessment accurate. Prophet of Innovation is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own. Without them, he would likely have perished, so fierce were the conflicts between his reason and his emotions. Drawing on all of Schumpeter’s writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world’s greatest economist, lover, and horseman—and admitted to failure only with the horses.

Innovation, Automation and a Sustainable Economy

Author : Jon-Arild Johannessen
Publisher : Taylor & Francis
ISBN 13 : 1040008747
Total Pages : 155 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Innovation, Automation and a Sustainable Economy by : Jon-Arild Johannessen

Download or read book Innovation, Automation and a Sustainable Economy written by Jon-Arild Johannessen and published by Taylor & Francis. This book was released on 2024-04-03 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic inequality, the environmental crisis and the climate crisis are systemically linked. Accordingly, they should be understood as a single, interconnected system and strategies for resolving them should be guided by this understanding. This book demonstrates how the Green New Deal and its systemic alternative, the Red New Deal, could influence the course of these three global crises, all within the context of the Fourth Industrial Revolution. The author has developed several scenarios that are relevant to the automation that will result from advances in artificial intelligence and intelligent robots. The first is one of mass unemployment, while the second envisages low rates of unemployment, although workers will experience stagnation and then a decline in their wages. It is possible to envisage a different set of scenarios; however, we must replace the capitalist economic model with a different model: mutualism, a sustainable model that would allow for economic growth while also addressing the three current systemic crises. The author argues that if such a model is implemented, there will be jobs for everyone and the climate crisis will be tackled because people’s welfare will be prioritized over profit. We can assert that such a model will foster the development of economic equality. The basic premise of this mutual and sustainable economic model is that sustainability is in everyone’s interests. The book employs not only established and innovative methods, such as literature reviews, scenario thinking and historical methods, to underpin its arguments, but also conceptual generalization as an intellectual tool to tackle the general research problem; thus, it will be an invaluable resource for scholars and students of sustainability and the innovation economy.

China's Innovation Economy

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 1000454827
Total Pages : 181 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis China's Innovation Economy by : Jon-Arild Johannessen

Download or read book China's Innovation Economy written by Jon-Arild Johannessen and published by Routledge. This book was released on 2021-09-30 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two trends will have more influence than anything else on the world’s future political and economic situation: the development of artificial intelligence and the emergence of China as a competitor to the United States on the international stage. This book is about the emerging innovation economy. It uses systems theory and evolutionary economics as a theoretical point of departure and explains why the focal point of the geopolitical stage is moving away from the alliance between the United States and Europe, and towards an alliance between China, the 14 Regional Comprehensive Economic Partnership countries, the countries along the new silk road, and Europe. The book argues that the globalization strategy of neoliberalism laid the foundation for the Chinese economic engine. Whereas the old globalization was driven by cost differences generally, and wage costs specifically, the new globalization is driven by divergence in competence in general, and technological competence in particular, and China’s primary goal is to develop artificial intelligence and intelligent robots. Further, the book posits that the interactions between the climate crisis and the new technology will change production, distribution and the creation of profits, both in China and more widely in the global innovation economy. The book develops a structure to describe, analyze and explain the Chinese innovation economy and contributes to the discussion regarding technological developments in China. The book is written for readers who are oriented towards the new globalization that is emerging in the innovation economy and the factors driving China's economic growth.

The Transition from Feudalism to Capitalism

Author : Paul Marlor Sweezy
Publisher :
ISBN 13 : 9789350023341
Total Pages : 0 pages
Book Rating : 4.0/5 (233 download)

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Book Synopsis The Transition from Feudalism to Capitalism by : Paul Marlor Sweezy

Download or read book The Transition from Feudalism to Capitalism written by Paul Marlor Sweezy and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Postcapitalism

Author : Paul Mason
Publisher : Macmillan
ISBN 13 : 0374235546
Total Pages : 369 pages
Book Rating : 4.3/5 (742 download)

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Book Synopsis Postcapitalism by : Paul Mason

Download or read book Postcapitalism written by Paul Mason and published by Macmillan. This book was released on 2016-02-09 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Originally published in 2015 by Allen Lane, an imprint of Penguin Random House, Great Britain"--Title page verso.

Capitalism

Author : James Fulcher
Publisher : Oxford University Press, USA
ISBN 13 : 0198726074
Total Pages : 161 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Capitalism by : James Fulcher

Download or read book Capitalism written by James Fulcher and published by Oxford University Press, USA. This book was released on 2015 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this Very Short Introduction James Fulcher considers what capitalism is, the forms it can take around the world, and its history of crises and long-term development. In this new edition he discusses the fundamental impact of the global financial crises of 2007-8 and what it has meant for capitalism worldwide.

Doing Capitalism in the Innovation Economy

Author : William H. Janeway
Publisher : Cambridge University Press
ISBN 13 : 1139789902
Total Pages : 345 pages
Book Rating : 4.1/5 (397 download)

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Book Synopsis Doing Capitalism in the Innovation Economy by : William H. Janeway

Download or read book Doing Capitalism in the Innovation Economy written by William H. Janeway and published by Cambridge University Press. This book was released on 2012-10-08 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The innovation economy begins with discovery and culminates in speculation. Over some 250 years, economic growth has been driven by successive processes of trial and error: upstream exercises in research and invention and downstream experiments in exploiting the new economic space opened by innovation. Drawing on his professional experiences, William H. Janeway provides an accessible pathway for readers to appreciate the dynamics of the innovation economy. He combines personal reflections from a career spanning forty years in venture capital, with the development of an original theory of the role of asset bubbles in financing technological innovation and of the role of the state in playing an enabling role in the innovation process. Today, with the state frozen as an economic actor and access to the public equity markets only open to a minority, the innovation economy is stalled; learning the lessons from this book will contribute to its renewal.

Deglobalization

Author : Jon-Arild Johannessen
Publisher : Taylor & Francis
ISBN 13 : 1003823122
Total Pages : 207 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Deglobalization by : Jon-Arild Johannessen

Download or read book Deglobalization written by Jon-Arild Johannessen and published by Taylor & Francis. This book was released on 2023-12-18 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emerging conflict between the US and China has an inherent tendency towards a development of deglobalization. It is the historical prerequisites for this deglobalization that are examined in this book. These assumptions are largely based on what is termed the second wave of globalization, based on increasing technological competition between the US and China, as well as China's expansion along the New Silk Road. In this book, the author makes a distinction between the Old Globalization and the New Globalization. The Old Globalization was characterized by competition over costs in general and wage costs in particular, while the New Globalization is categorized by new competencies and skills, especially technological capabilities and technological innovations. The second wave, which is driven by technological innovations, lays the foundation for a counter-strategy on the part of the US to stem the Chinese technological expansion. It is this new strategy that confines the second wave of globalization from China and lays the foundation for deglobalization. The book analyses US-China relations from a fresh perspective, namely a systemic thinking approach. The focus is the emerging innovation economy, which leads to tension and deglobalization. The book is grounded in evolutionary economics and uses conceptual generalization in its descriptions, analysis, theoretical reflections, and real-world cases. The key message is that the economy of the future will be characterized by coordinated wave movements: economic growth mainly controlled by private capital alternating with economic downturns that necessitate collective solutions and government interventions.The book offers policy suggestions, which include promoting effective macroeconomic policies, and extending microeconomic cooperation schemes, related to the innovation economy.

Economics of the Pharmaceutical and Medical Device Industry

Author : Ramesh Bhardwaj
Publisher : Taylor & Francis
ISBN 13 : 1040106536
Total Pages : 251 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis Economics of the Pharmaceutical and Medical Device Industry by : Ramesh Bhardwaj

Download or read book Economics of the Pharmaceutical and Medical Device Industry written by Ramesh Bhardwaj and published by Taylor & Francis. This book was released on 2024-08-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive examination of the pharmaceutical and medical device industry, including analysis of its current trade and innovation strategies. Opening with a survey of the global pharmaceutical and medical device industry, Bhardwaj outlines the growing trade and trade interdependence among countries in the global supply chain. He adopts a trade competitiveness approach to analyze patterns of product specialization and examines the drug discovery process and its challenges in translating bioscientific knowledge into lifesaving products. Bhardwaj argues that further economic integration, collaborative R&D, and digital technologies may help accelerate productivity and address global challenges of escalating drug costs, neglected tropical diseases (NTDs), and pandemic risks. The book also considers how the industry may further green its supply chain, and thus contribute to SDG Goals 3 (Good Health and Wellbeing) and 12 (Responsible Consumption and Production), before closing on a review of China and India, major players who have the potential to become drivers of low-cost medical products and innovations. With its evidence-based analysis, this book will be of great interest to researchers in pharmaceutical studies, supply chain management, global health, and health economics, as well as policymakers and professionals interested in the global issues facing the industry.

Knowledge Management for Leadership and Communication

Author : Jon-Arild Johannessen
Publisher : Emerald Group Publishing
ISBN 13 : 1839820446
Total Pages : 118 pages
Book Rating : 4.8/5 (398 download)

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Book Synopsis Knowledge Management for Leadership and Communication by : Jon-Arild Johannessen

Download or read book Knowledge Management for Leadership and Communication written by Jon-Arild Johannessen and published by Emerald Group Publishing. This book was released on 2020-03-11 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the establishment of the innovation economy, the Fourth Industrial Revolution is becoming a reality. As this occurs, new forms of leadership arise, generated by the interaction between leadership functions and neurology. This innovative book asks the question: what are the key value creation processes in the innovation economy?

The Fourth Industrial Revolution and the Labour Market

Author : Jon-Arild Johannessen
Publisher : Taylor & Francis
ISBN 13 : 1000958310
Total Pages : 126 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis The Fourth Industrial Revolution and the Labour Market by : Jon-Arild Johannessen

Download or read book The Fourth Industrial Revolution and the Labour Market written by Jon-Arild Johannessen and published by Taylor & Francis. This book was released on 2023-09-15 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The innovation economy is the driver for the development of the Fourth Industrial Revolution and consequently, there is a growing focus on innovation in general and technological innovation in particular. In this context, there is much to suggest that it is the triple impact of artificial intelligence, big data and 5G- and 6G networks that will go beyond the limits of existing competence. This book is about the new competence that is emerging in the wake of artificial intelligence and intelligent robots. It explains how these two technologies are completely fundamental to what is known as the Fourth Industrial Revolution. The author argues that artificial intelligence will promote automation, which will reduce wages rather than increase unemployment statistics. The book posits that when the utility value of technology and the rate of dissemination of technology is high, people who have the necessary competence will both future-proof their jobs in the labour market and also be among the highest-paid workers in the new economy that is emerging from the innovation economy. Further, by making education more compatible with new technology will enable graduates to access more secure and better paid jobs, and all behavioural fields related to new technology will flourish because they can be used in many contexts to steer people’s behaviour in certain directions through the integration of big data and artificial intelligence. The book employs the following scholarly methods: conceptual generalization, scenario-based thinking and historical economic methodology, thus it will be of particular benefit to academic scholars, researchers and graduate students who are concerned with the impact of the fourth industrial revolution on the labour market.

Decentralized Autonomous Organizations

Author : Sven Van Kerckhoven
Publisher : Taylor & Francis
ISBN 13 : 1040026117
Total Pages : 207 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Decentralized Autonomous Organizations by : Sven Van Kerckhoven

Download or read book Decentralized Autonomous Organizations written by Sven Van Kerckhoven and published by Taylor & Francis. This book was released on 2024-04-30 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decentralized Autonomous Organizations (DAOs) constitute a comparatively novel area in academic research and scholarship, but the budding interest in this category of digital and algorithmic organization across various disciplines provides an indication of the possibilities that DAOs wield in terms of informing and advancing our understanding of the potentialities of the digital economy's forthcoming iterations. It also points towards practical use cases to solve problems that the increasing decentralization and amorphization of the structures of the digital economy portend. At the same time, DAOs are afflicted by various strands of skepticism that are attributable to their vulnerabilities, subjacent hype, ultimate purpose, and usefulness. This skepticism also requires scholarly attention and careful study through multidisciplinary perspectives, as further research may come to either dispel or confirm the array of concerns that continue to loom large about DAOs as technological, governance, societal, and economic instruments in the future. With all this in mind, the aim of this book is to offer multiple studied perspectives that explore DAOs from a variety of perspectives across several disciplinary prisms. It does not seek simply to weigh the balance of DAO's merits and demerits, but rather to conceive, appreciate, and discover various elements of ultimate import to DAOs over their future evolutionary course. Drawing upon the insights of interdisciplinary subject matter experts, this book allows for a holistic enquiry into the role, potential and limitations of DAOs. The book will thus be of interest to a multidisciplinary audience of scholars in organizational studies, computer science, economics, sociology of technology, philosophy, law, and the governance of innovation.

Responsible Industry 4.0

Author : David Mhlanga
Publisher : Taylor & Francis
ISBN 13 : 1000994406
Total Pages : 283 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Responsible Industry 4.0 by : David Mhlanga

Download or read book Responsible Industry 4.0 written by David Mhlanga and published by Taylor & Francis. This book was released on 2023-11-13 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of digital technologies and Artificial Intelligence (AI) has the potential to increase global wealth and tackle some of the world's most serious problems, including economic marginalization. In contrast, these innovations may contribute to widening economic gaps and potentially threaten the stability of democratic governments. Changes in economic growth and distribution are occurring in both developed and developing countries due to the impact that new technologies are having on businesses and the workplace. This book provides answers to the question of whether the technologies of the Fourth Industrial Revolution, such as Artificial Intelligence, will lead to greater economic uncertainty, environmental collapse, and social unrest or whether they will help achieve shared prosperity and sustainable development, and successively the Sustainable Development Goals (SDGs). The book focuses on Human-centered Artificial Intelligence (AI) and the responsible deployment of diverse technologies for achieving sustainable development. It examines why the human-centred approach is so crucial to long-term success. It underlines the definition of human-centred AI and its importance in creating sustainability and resilience. It starts with a comprehensive history of the Fourth Industrial Revolution, details how to produce artificial intelligence that is centred on humans in order to accomplish sustainable development in the era of the Fourth Industrial Revolution, and then goes on to discuss the need for proper management and governance of emerging technologies. The book ends by presenting a framework that will assist stakeholders in employing AI in a human-centred manner to achieve the sustainable development goals set for 2030. The book will appeal to scholars, academics and researchers interested in information linked to the SDGs, AI and industry 4.0.