Karl William Kapp, Date of Birth, Place of Birth, Date of Death

Karl William Kapp

American economist

Date of Birth: 27-Oct-1910

Place of Birth: Königsberg

Date of Death: 04-Apr-1976

Profession: economist, university teacher

Nationality: United States, Germany

Zodiac Sign: Scorpio

Karl William Kapp (October 27, 1910 – April 4, 1976) was a German-American economist and Professor of Economics at the City University of New York and later the University of Basel.
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 directed against neoclassical economics and the rise of neoliberalism.
He was an opponent of the compartmentalization of knowledge and championed, instead, the integration and humanization of the social sciences.