Economic Sociodynamics [Paperback]

In this ambitious book, the authors challenge mainstream economic theory to present a new theoretical concept on modern economic reality. The book reveals in detail the key notions of the sociodynamic multiplier and the rational behavior of the state.

In this ambitious book, the authors challenge mainstream economic theory by reconsidering the principle of individualism as its foundation. They refer to that version which fails to recognize the existence of the interests of society as such, and thus excludes the role of the state as an independent market player seeking to realize these interests. The outcome is a new theoretical concept called Economic Sociodynamics . The book reveals this concept in detail, in particular its key notions of the sociodynamic multiplier and the rational behavior of the state.

To the Reducibility Hypothesis.- Meritories and Social Interest.- The Autonomous Interest of Society.- The Principles of Economic Sociodynamics.- The Realization of Social Interest.- The Individual, the State and Society.- The Rational Behavior of the State.- Instead of a Conclusion&.- Economic Sociodynamics: Variations on a Given Theme.

Grinberg and Rubinstein have written a profound treatment of one of the persistent mysteries of pure economics: how best to treat the common good or social interest. Their discussion of the role of passionaries who incorporate the vision of a society`s future is brilliant, deeply rooted in Russia`s recent experience, and it provides a test of civilization and democracy which not very many nations in today`s world would pass.

James K. Galbraith, Lloyd M. Bentsen, jr. Chair in Government/Business Relations, Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin

A groundbreaking study of rational principles for the modern state to follow in promoting economic and social progress. Explains why l3£