Everlasting Capitalism? Technological Changes, Challenges, and Institutional Responses in the Economic System of the 21st Century Cover Image

A kapitalizmus örök? Technológiai változások, kihívások és intézményi válaszok a 21. század gazdasági rendszerében
Everlasting Capitalism? Technological Changes, Challenges, and Institutional Responses in the Economic System of the 21st Century

Author(s): József Golovics
Subject(s): Socio-Economic Research
Published by: Akadémiai Kiadó
Keywords: capitalism; economic system; knowledge economy; general purpose technology

Summary/Abstract: The competition among economic systems concluded at the end of the 20th century with the triumph of capitalism. However, can this dominant position be maintained indefinitely? This study focuses on contemporary capitalism and the challenges it faces. Through historical comparison, we examine how today’s knowledge-based economy differs from previous forms of capitalism and discuss the challenges that the economic system may encounter in the 21st century. We emphasize the role of technology, particularly in the context of artificial intelligence and blockchain technology. While analyzing potential impacts, we center our attention on the institutional characteristics of the system, while also touching upon issues related to education, innovation, and the world of work.

  • Issue Year: 32/2023
  • Issue No: 4
  • Page Range: 557-569
  • Page Count: 13
  • Language: Hungarian