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Karl William Kapp

American economist (1910-1976) · Germany · On the map · Academics · Died at 65

Karl William Kapp was a German-American economist and professor of economics at the City University of New York and later the University of Basel.

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About this person

Kapp's main contribution was the development of a theory of social costs that captures urgent socio-ecological problems and proposes preventative policies based on the precautionary principle. His theory is in the tradition of various heterodox economic paradigms, such as ecological economics, Marxian economics, social economics, and institutional economics. As such, Kapp's theory of social costs was an ongoing debate with neoclassical economics and the rise of neoliberalism. He was an opponent of the compartmentalisation of knowledge and championed, instead, the integration and humanization of the social sciences. He is regarded as a foundational thinker in the development of social ecological economics.

Country
Germany
Category
Academics
Type
Academic
Status
Deceased
Dates
Lived 1910 to 1976 · aged 65