000890214 000__ 05507cam\a2200493Ii\4500
000890214 001__ 890214
000890214 005__ 20230306145915.0
000890214 006__ m\\\\\o\\d\\\\\\\\
000890214 007__ cr\cn\nnnunnun
000890214 008__ 190506s2019\\\\sz\a\\\\ob\\\\001\0\eng\d
000890214 020__ $$a9783030122478$$q(electronic book)
000890214 020__ $$a3030122476$$q(electronic book)
000890214 020__ $$z9783030122461
000890214 035__ $$aSP(OCoLC)on1100071343
000890214 035__ $$aSP(OCoLC)1100071343
000890214 040__ $$aN$T$$beng$$erda$$epn$$cN$T$$dN$T$$dEBLCP$$dGW5XE$$dUKMGB$$dOCLCF
000890214 049__ $$aISEA
000890214 050_4 $$aHD82
000890214 08204 $$a338.9$$223
000890214 1001_ $$aMeng, Samuel,$$eauthor.
000890214 24510 $$aPatentism replacing capitalism :$$ba prediction from logical economics /$$cSamuel Meng.
000890214 264_1 $$aCham :$$bPalgrave Macmillan,$$c[2019]
000890214 264_4 $$c©2019
000890214 300__ $$a1 online resource :$$billustrations
000890214 336__ $$atext$$btxt$$2rdacontent
000890214 337__ $$acomputer$$bc$$2rdamedia
000890214 338__ $$aonline resource$$bcr$$2rdacarrier
000890214 504__ $$aIncludes bibliographical references and index.
000890214 5050_ $$aIntro; Preface; Contents; List of Figures; List of Tables; Abstract; 1 Patents and Economics; 1.1 Linkage Between Patents and Economics; 1.2 Cutting Through Economics Jungle; 1.3 Wading Through Patent Turbulence; 1.4 Necessary Patent Reforms; 1.5 The Post-capitalist and Post-patentist Eras; References; 2 Logic, Politics and Economics-A Brief History of Political Economy; 2.1 Formulation of Ideas from Practice; 2.1.1 Chinese Thought; 2.1.2 Greek Thought; 2.1.3 Arab-Islamic Thought; 2.1.4 Scholasticism; 2.1.5 Mercantilism; 2.1.6 Physiocracy; 2.2 Contest of Ideas Based on Logical Reasoning
000890214 5058_ $$a2.2.1 Moralists v.s. Underconsumptionists2.2.2 Nature of International Trade and Causes of Wealth of Nations; 2.2.3 Government Intervention v.s. Laissez-Faire; 2.2.4 The Puzzle of Value Determination; 2.2.5 Income Distribution and the Fate of Capitalism; 2.2.6 Say's Law of Market v.s. Keynes' Excess of Saving; 2.2.7 Profit and Interest Explained; 2.2.8 Nominal Value, Real Value, Relative Value and Money Illusion; 2.2.9 Contextual v.s. Abstract Approaches; 2.2.10 Decline of Macroeconomic Theories; 2.3 Theories and Empirical Evidence; 2.3.1 Common-Sense Empirical Approach
000890214 5058_ $$a2.3.2 Systematic Use of Data2.3.3 Probability Approach; 2.3.4 The 'Great' Empirical Period; 2.3.5 Fallacies and Limitations in Empirical Studies; 2.4 Progression of Scientific Research and the Future of Economics; 2.4.1 Nature of Scientific Research and Hypotheses on Progression of Science; 2.4.2 Economics as an Art and as a Science; 2.4.3 Future of Economics; 2.4.3.1 Emphasizing Logical Thinking; 2.4.3.2 Focusing on the Essence of a Theory and the Contest of Economic Ideas; 2.4.3.3 Uncovering Valid Empirical Methods and Bridging the Theory-Data Gap; References; 3 Statistical Sophistry
000890214 5058_ $$a3.1 A Brief Review of History of Statistical Thought3.2 Premise and Limits of Probability Law; 3.2.1 Premise of Probability Law; 3.2.2 Limits of Probability Law; 3.3 Rise of Macroeconometrics Despite Numerous Grave Criticisms; 3.4 Flawed Theoretical Foundation for Macroeconometrics; 3.4.1 Violating the Condition for Probability Theory; 3.4.2 Inability to Include All Factors in a Model; 3.4.3 Least Likelihood of Selecting a Correct Function for a Macroeconometric Model; 3.5 Problems in Macroeconometric Practice; 3.5.1 Baseless Assumption About Random Variable/Disturbance
000890214 5058_ $$a3.5.2 Cutting Short Toes to Fit the Shoes3.5.3 Tricky Ways of Using Concepts; 3.5.4 Inability to Model Uncertainties Based on Time Series Data; 3.5.5 Artificially Fixing the Issues in Data; 3.5.6 Scientific Illusion of Statistic Tests; 3.5.7 Impossibility of Overcoming Spurious Regression Within a Statistic Framework; 3.5.8 Fallacies of Univariate Model, Instrument-variable Method and Bootstrap; 3.5.9 Issues with the VAR Model, the DSGE Model and the Bayesian Method; 3.5.10 Fortune-Teller Style of Forecasting; 3.6 Performance of Econometrics; 3.6.1 The Saga of Econometric Modelling
000890214 506__ $$aAccess limited to authorized users.
000890214 520__ $$aBased on economic knowledge and logical reasoning, this book proposes a solution to economic recessions and offers a route for societal change to end capitalism. The author starts with a brief review of the history of economics, and then questions and rejects the trend of recent decades that has seen econometrics replace economic theory. By reviewing the different schools of economic thought and by examining the limitations of existing theories to business cycles and economic growth, the author forms a new theory to explain cyclic economic growth. According to this theory, economic recessions result from innovation scarcity, which in turn results from the flawed design of the patent system. The author suggests a new design for the patent system and envisions that the new design would bring about large economic and societal changes. Under this new patent system, the synergy of the patent and capital markets would ensure that economic recessions could be avoided and that the economy would grow at the highest speed.
000890214 588__ $$aOnline resource ; title from PDF title page (viewed May 7, 2019).
000890214 650_0 $$aEconomic development.
000890214 650_0 $$aRecessions.
000890214 650_0 $$aPatents.
000890214 77608 $$iPrint version:$$z9783030122461
000890214 852__ $$bebk
000890214 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-030-12247-8$$zOnline Access$$91397441.1
000890214 909CO $$ooai:library.usi.edu:890214$$pGLOBAL_SET
000890214 980__ $$aEBOOK
000890214 980__ $$aBIB
000890214 982__ $$aEbook
000890214 983__ $$aOnline
000890214 994__ $$a92$$bISE