Global Dynamic Efficiency

6 Pages Posted: 5 May 2016

Date Written: May 3, 2016


The paper discusses the question if the arc of capitalism can be bended towards economic democracy; the answer is yes, if global dynamic efficiency is attained via a geonomic system of production and exchange. Special attention is given to the central problem of economic rent which causes the stoppage of economic growth and subsequently distributive injustice. Some other important details as the citizen's dividend, participatory economy and public revenue are highlighted in the ongoing discourse on systems evolution.

Keywords: evolution, capitalism, economic democracy, energy, money, geonomics, dynamic efficiency

JEL Classification: B41

Suggested Citation

Ternyik, Stephen I., Global Dynamic Efficiency (May 3, 2016). Available at SSRN: or

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