Title: Corporate, market and economic systems: from monism to integrated-pluralism with extension engineering
Authors: Beryl Y. Chang
Addresses: Department of Economics, Graduate School of Arts and Science, New York University, 19 West 4th Street, 6th Floor, New York, New York 10012, USA
Abstract: This study construes that an attributive-monist practice in an economy that seeks pure business profit is distorted, unsustainable and has led to system implosion. Specifically, the paper searches for: 1) how an attributive-monist system as a reasoning method developed over time into the mainstream paradigm from business culture to economic and financial methodologies; 2) the impact of an attributive-monist practice on the outcomes of an economy and the financial system; 3) an integrated dual-process system at plural level with extenic method as solution to the development of a capitalist regime.
Keywords: pluralism; attributive monism; system dynamics; theory of the firm; market mechanism; sustainability; extension engineering; corporate systems; market systems; economic systems; business profit; capitalist regimes.
International Journal of Pluralism and Economics Education, 2015 Vol.6 No.1, pp.32 - 50
Accepted: 06 May 2015
Published online: 06 Jul 2015 *