PRODUCTIVITY AS EQUITY, IN THE MARKET ECONOMY LOGIC (A HETERODOX VISION ON PRODUCTIVITY)

The paper proposes an approach to equity in the economy and society, based on reconsidering fundamental conceptual elements of the original liberalism with reference to generally valid value creation and to the original meaning of the concept of productivity. The approach – theoretical par excellenc...

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Bibliographic Details
Published inAnnals of the University of Petroşani. Economics Vol. XIV; no. 1; pp. 151 - 160
Main Author ALEXANDRU JIVAN
Format Journal Article
LanguageEnglish
Published University of Petrosani 01.10.2014
Subjects
equity
justice in economy
market economy
productivity
servicity
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Summary:The paper proposes an approach to equity in the economy and society, based on reconsidering fundamental conceptual elements of the original liberalism with reference to generally valid value creation and to the original meaning of the concept of productivity. The approach – theoretical par excellence (no empirical developments are proposed) – is critical to the market mechanism, highlighting the possible perverse nature of their functionality, and involving requirements on democracy, justice and regulations. The allegations are sustained by quotations from famous authors (of the classical period, until recent times). References to other works of the author are made too, for issues not developed in this paper. In the end, certain relations between calculated productivity and intrinsic productivity (defined by the original concept of servicity) are made; such relations can define an expression of the degree of inequality manifested in a market economy.
ISSN:1582-5949
2247-8620