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First published in 1971, The Economics of Feudalism is an attempt to use the mathematical theory of economic analysis to analyse a historical society. It also elaborates economic theory to include demographic and political conditions. A specific analysis is made of empire and feudal economies and there are some speculations about their inter-relationships. The foundation and asymptotic properties of the feudal economy are subjected to rough empirical tests from Europe, A.D. 1000-1500. The author has four main theses. With a static agricultural sector and capital accumulation in the towns, urban population also falls. Also, the feudal method of organization is a relatively efficient instrument of exploitation for the political dominant class of landlords. Consequently, the terms of trade turn against the towns and in favour of the countryside. Further, where urban wages fall more rapidly than rural wages until they are equal, the feudal system is no longer essential to landowners. This book will be of interest to students of history, economics and agriculture.
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
Essays largely on Studies in the development of capitalism, by M. Dobb.
The book describes the evolution of economic theory, considering historical, political and scientific perspectives. It discusses economic concepts and the formation of economics as a discipline since the feudal system, passing through the formation of the State, until the present. The main economic concepts are presented, including microeconomics, macroeconomics, econometrics, privatization, taxes, tariffs, the concept of currencies, stock markets, international transactions, and economic policies. The book contains a complete glossary of economic terms to help the reader.
"Uses a feudal model to analyze contemporary American society, comparing its essential characteristics to those of medieval European societies"--Provided by publisher.
"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"--