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008			250312042017GB 2 eng
020			_a9781138299351
037			_bTaylor & Francis _cGBP 49.99 _fBB
040			_a01
041			_aeng
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100	1		_aK. William Kapp
245	1	0	_aHeterodox Theory of Social Costs _bBy K. William Kapp
250			_a1
260			_aOxford _bRoutledge _c20170616
300			_a180 p
520			_bK. William Kapp’s heterodox theory of social costs proposes precautionary planning to pre-empt social costs and provide social benefits via socio-ecological safety standards that guarantee the gratification of basic human needs. Based on arguments from Thorstein Veblen, Karl Marx, and Max Weber, social costs are conceptualized as systemic and large-scale damages caused by markets. Kapp refutes neoclassical solutions, such as bargaining, taxation, and tort law, unmasking them as ineffective, inefficient, inconsistent, and too market-obedient. The chapters of this book present the social costs of markets and neoclassical economics, the social benefits of environmental controls, development planning, and the governance of science and technological standards. This book demonstrates the fruitfulness of the heterodox theory of social costs as a coherent framework to develop effective remedies for today’s urgent socio-ecological crises. This volume is suitable for readers at all levels who are interested in the theory of social costs, heterodox economics, and the history of economic thought.
700	1		_aSebastian Berger _4B01
999			_c1360 _d1360