Abstract
The rational economic individual hypothesis revered by western economics is only regarding modern sordid merchant as standard individual, and it is exposing natural defect of capitalist system defect. Also it is the main origin being that the market is out of order and the government fails under capitalist system. So, to the people running after all-round harmonious society, the socialist system being able to restrict the damage of the rational economic individual is the best choice under the current human society with insufficient developed productivity condition.
| Translated title of the contribution | The Rational Economic Individual Hypothesis Exposes the Termination of Capitalism |
|---|---|
| Original language | Chinese (Simplified) |
| Pages (from-to) | 55-60 |
| Number of pages | 6 |
| Journal | Journal of Economics of Shanghai School |
| Volume | 5 |
| Issue number | 5 |
| Publication status | Published - 2007 |
Keywords
- the rational economic individual
- market failure
- government failure
- capitalism socialism