Fuzziness, Democracy, Control and Collective Decision-choice System: A Theory on Political Economy of Rent-Seeking and Profit-Harvesting [electronic resource] / by Kofi Kissi Dompere.Material type: TextLanguage: English Series: Studies in Systems, Decision and Control: 5Publisher: Cham : Springer International Publishing : Imprint: Springer, 2014Description: XL, 238 p. 41 illus. online resourceContent type: text Media type: computer Carrier type: online resourceISBN: 9783319053295Subject(s): Engineering | Economic policy | Engineering | Computational Intelligence | Economic Policy | Political EconomyAdditional physical formats: Printed edition:: No titleDDC classification: 006.3 LOC classification: Q342Online resources: Click here to access online
Hermeneutics of Rent-seeking Theory, Socialgoal-objective Formation and Fuzzy Rationality -- Rent-seeking, Rent-creation and Rent-protection in Social-goal Objective Formations -- Rent-seeking Activities in Schumpeterian and Marxian Soco-political Dynamics -- Fuzzy-stochastic Information, Financial bubbles, Systemic risk, Creative Destruction and Rent-seeking Society in the Schumpeterian Economy -- Democracy, Political Markets and Sociopolitical Responsibility and Accountability -- Political Markets and Penumbral Regions of Rent-seeking Activities.
This volume presents an analysis of the problems and solutions of the market mockery of the democratic collective decision-choice system with imperfect information structure composed of defective and deceptive structures using methods of fuzzy rationality. The book is devoted to the political economy of rent-seeking, rent-protection and rent-harvesting to enhance profits under democratic collective decision-choice systems. The toolbox used in the monograph consists of methods of fuzzy decision, approximate reasoning, negotiation games and fuzzy mathematics. The monograph further discusses the rent-seeking phenomenon in the Schumpeterian and Marxian political economies where the rent-seeking activities transform the qualitative character of the general capitalism into oligarchic socialism and making the democratic collective decision-choice system as an ideology rather than social calculus for resolving conflicts in preferences in the collective decision-choice space without violence.