1st Edition

Feudal Capitalism and the Innovation Economy

By Jon-Arild Johannessen Copyright 2023
288 Pages 35 B/W Illustrations
by Routledge

288 Pages 35 B/W Illustrations
by Routledge

288 Pages 35 B/W Illustrations
by Routledge

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,... Read more
Part I: The political economy of the Fourth Industrial Revolution 1. Introduction: Capitalism in the Fourth Industrial Revolution 2. Institutional changes 3. A balanced form of globalization 4. Restoration of social cohesion 5. Restoring the moral compass 6. Restoring the equality of opportunity Part II: Some consequences of feudal capitalism 7. The geopolitical system 8. The maintenance of globalization 9. The unequal social hierarchy 10. Our moral compass is disintegrating Part III: Crises in the political economy 11. Innovation and economic crises: Supporting evidence Appendix 1 A historical introduction to political economy

Biography

Jon-Arild Johannessen is Full Professor in Leadership at Kristiania University College, Oslo, Norway.