Marx Schumpeter And Keynes

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The Macrodynamics of Capitalism

Author : Peter Flaschel
Publisher : Springer Science & Business Media
ISBN 13 : 3540879323
Total Pages : 402 pages
Book Rating : 4.5/5 (48 download)

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Book Synopsis The Macrodynamics of Capitalism by : Peter Flaschel

Download or read book The Macrodynamics of Capitalism written by Peter Flaschel and published by Springer Science & Business Media. This book was released on 2008-12-11 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.

Ten Great Economists

Author : Joseph A. Schumpeter
Publisher : Routledge
ISBN 13 : 1134835493
Total Pages : 356 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis Ten Great Economists by : Joseph A. Schumpeter

Download or read book Ten Great Economists written by Joseph A. Schumpeter and published by Routledge. This book was released on 1997-11-06 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1952, this seminal work is reproduced here with a new introduction by Professor Mark Perlman. The new introduction places this work in its contemporary context and highlights its importance for students ...?????

Prophet of Innovation

Author : Thomas K. McCraw
Publisher : Harvard University Press
ISBN 13 : 0674736966
Total Pages : 734 pages
Book Rating : 4.6/5 (747 download)

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Book Synopsis Prophet of Innovation by : Thomas K. McCraw

Download or read book Prophet of Innovation written by Thomas K. McCraw and published by Harvard University Press. This book was released on 2010-03-30 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pan Am, Gimbel’s, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland—all once as strong as dinosaurs, all now just as extinct. Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. “Creative destruction,” he said, is the driving force of capitalism. Described by John Kenneth Galbraith as “the most sophisticated conservative” of the twentieth century, Schumpeter made his mark as the prophet of incessant change. His vision was stark: Nearly all businesses fail, victims of innovation by their competitors. Businesspeople ignore this lesson at their peril—to survive, they must be entrepreneurial and think strategically. Yet in Schumpeter’s view, the general prosperity produced by the “capitalist engine” far outweighs the wreckage it leaves behind. During a tumultuous life spanning two world wars, the Great Depression, and the early Cold War, Schumpeter reinvented himself many times. From boy wonder in turn-of-the-century Vienna to captivating Harvard professor, he was stalked by tragedy and haunted by the specter of his rival, John Maynard Keynes. By 1983—the centennial of the birth of both men—Forbes christened Schumpeter, not Keynes, the best navigator through the turbulent seas of globalization. Time has proved that assessment accurate. Prophet of Innovation is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own. Without them, he would likely have perished, so fierce were the conflicts between his reason and his emotions. Drawing on all of Schumpeter’s writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world’s greatest economist, lover, and horseman—and admitted to failure only with the horses.

The Economic Law of Motion of Modern Society

Author : H. J. Wagener
Publisher : CUP Archive
ISBN 13 : 9780521300926
Total Pages : 260 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis The Economic Law of Motion of Modern Society by : H. J. Wagener

Download or read book The Economic Law of Motion of Modern Society written by H. J. Wagener and published by CUP Archive. This book was released on 1986-02-27 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors assess the theories and interpretations of those theories of Marx, Keynes and Schumpeter.

Keynes and Marx

Author : Bill Dunn
Publisher : Manchester University Press
ISBN 13 : 1526154919
Total Pages : 435 pages
Book Rating : 4.5/5 (261 download)

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Book Synopsis Keynes and Marx by : Bill Dunn

Download or read book Keynes and Marx written by Bill Dunn and published by Manchester University Press. This book was released on 2021-07-06 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynes was an elitist and pro-capitalist economist, whom the left should embrace with caution. But his analysis provides a concreteness missing from Marx and engages with critical issues of the modern world that Marx could not have foreseen. This book argues that a critical Marxist engagement can simultaneously increase the power of Keynes’s insight and enrich Marxism. To understand Keynes, whose work is liberally invoked but seldom read, Dunn explores him in the context of the extraordinary times in which he lived, his philosophy, and his politics. By offering a detailed overview of Keynes’s critique of mainstream economics and General Theory, Dunn argues that Keynes provides an enduringly valuable critique of orthodoxy. The book develops a Marxist appropriation of Keynes’s insights, arguing that a Marxist analysis of unemployment, capital and the role of the state can be enriched through such a critical engagement. The point is to change the world, not just to understand it. Thus the book considers the prospects of returning to Keynes, critically reviewing the practices that have come to be known as ‘Keynesianism’ and the limits of the theoretical traditions that have made claim to his legacy.

The Theory of the Monetary Circuit

Author : Augusto Graziani
Publisher :
ISBN 13 : 9780902169395
Total Pages : 26 pages
Book Rating : 4.1/5 (693 download)

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Book Synopsis The Theory of the Monetary Circuit by : Augusto Graziani

Download or read book The Theory of the Monetary Circuit written by Augusto Graziani and published by . This book was released on 1989 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macrodynamics

Author : Peter Flaschel
Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
ISBN 13 :
Total Pages : 412 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Macrodynamics by : Peter Flaschel

Download or read book Macrodynamics written by Peter Flaschel and published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften. This book was released on 1993 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book on macrodynamic theories of growth, (in-)stability and cycles shows that the debate between Keynesians, Monetarists and New Classical economists can be reformulated from the perspective of a further and quite different approach to macroeconomic model building. Basis of this reformulation is the growth cycle model of Goodwin which is extended in various ways in the pursuit of this aim. Besides this central theme, the book also introduces into Keynesian, Marxian and Neoclassical models of short-, medium- and long-run macroeconomics in its part I, II. Models which synthesize these approaches and which thus provide a (deterministic) framework for the investigation of the adequateness of the various explanations of cyclical growth and inflation are considered in part III.

General Theory Of Employment , Interest And Money

Author : John Maynard Keynes
Publisher : Atlantic Publishers & Dist
ISBN 13 : 9788126905911
Total Pages : 410 pages
Book Rating : 4.9/5 (59 download)

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Book Synopsis General Theory Of Employment , Interest And Money by : John Maynard Keynes

Download or read book General Theory Of Employment , Interest And Money written by John Maynard Keynes and published by Atlantic Publishers & Dist. This book was released on 2016-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning

Unbalanced Growth from a Balanced Perspective

Author : Carl Chiarella
Publisher : Edward Elgar Publishing
ISBN 13 : 1789908000
Total Pages : 456 pages
Book Rating : 4.7/5 (899 download)

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Book Synopsis Unbalanced Growth from a Balanced Perspective by : Carl Chiarella

Download or read book Unbalanced Growth from a Balanced Perspective written by Carl Chiarella and published by Edward Elgar Publishing. This book was released on 2021-01-29 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a whole this book adds the ‘Keynes’-component (K) to the Goodwinian vision of a ‘MKS-System’. It first provides a reconsideration of prominent past approaches towards the formation of Keynesian macrodynamics. Ultimately it aims to integrate Marx's Distributive Cycle and aspects of Schumpeter's reformulation of socialism and democracy theory, with Keynes' macro-theory of a ‘Tripartite Market Hierarchy’. This regards financial markets as being at the top, followed by goods markets which in turn are followed by the weakest element, the labor markets. It is completed by certain repercussions that influence the central causal nexus of these three fundamental macro-markets in the longer-run.

Great Economic Thinkers

Author : Jonathan Conlin
Publisher : Reaktion Books
ISBN 13 : 9781789142105
Total Pages : 0 pages
Book Rating : 4.1/5 (421 download)

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Book Synopsis Great Economic Thinkers by : Jonathan Conlin

Download or read book Great Economic Thinkers written by Jonathan Conlin and published by Reaktion Books. This book was released on 2020-05-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Great Economic Thinkers presents an accessible introduction to the lives and works of thirteen of the most influential economists of modern times: Adam Smith, David Ricardo, John Stuart Mill, Karl Marx, Alfred Marshall, Joseph Schumpeter, John Maynard Keynes, and Nobel Prize winners Friedrich Hayek, Milton Friedman, John Forbes Nash, Jr., Daniel Kahneman, Amartya Sen, and Joseph Stiglitz. Free from confusing jargon and equations, the book describes key concepts put forward by these thinkers and shows how they have come to shape how we see ourselves and our society. Readers will consider the role played by the division of labor, wages and rents, cognitive biases, saving, entrepreneurship, game theory, liberalism, laissez-faire, and welfare economics. All of the economists featured have had a profound influence on our attitudes towards market intervention and regulation, taxation, trade, and monetary policy. Each of the chapters—all written by an acknowledged expert—combines a biographical outline of a single thinker with critical analysis of their contribution to economic thought. If you’ve ever wanted to find out more about the theorists who gave us the invisible hand, Marxism, Keynesianism, creative destruction, behavioral economics, and many other foundational concepts of economics, this collection of essays is the perfect place to start.

Marx's Revenge

Author : Meghnad Desai
Publisher : Verso
ISBN 13 : 9781859844298
Total Pages : 388 pages
Book Rating : 4.8/5 (442 download)

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Book Synopsis Marx's Revenge by : Meghnad Desai

Download or read book Marx's Revenge written by Meghnad Desai and published by Verso. This book was released on 2004-05-17 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the triumphant resurgence of capitalism, the one thinker who is vindicated is Karl Marx.

Perspectives on Capitalism

Author : Krishna Bharadwaj
Publisher :
ISBN 13 : 9788170361626
Total Pages : 270 pages
Book Rating : 4.3/5 (616 download)

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Book Synopsis Perspectives on Capitalism by : Krishna Bharadwaj

Download or read book Perspectives on Capitalism written by Krishna Bharadwaj and published by . This book was released on 1989 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Monetary Theory of Production

Author : Augusto Graziani
Publisher : Cambridge University Press
ISBN 13 : 113943800X
Total Pages : 190 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis The Monetary Theory of Production by : Augusto Graziani

Download or read book The Monetary Theory of Production written by Augusto Graziani and published by Cambridge University Press. This book was released on 2003-09-04 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: In mainstream economic theory money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth. In neither case is it considered fundamental to the production of goods or the distribution of income. Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flows. He argues that market asset configuration depends not upon consumer preferences and available technologies but on how money and credit are managed. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument that will stimulate debate on the topic.

Capitalism, Macroeconomics and Reality

Author : James Crotty
Publisher : Edward Elgar Publishing
ISBN 13 : 1784719021
Total Pages : 439 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis Capitalism, Macroeconomics and Reality by : James Crotty

Download or read book Capitalism, Macroeconomics and Reality written by James Crotty and published by Edward Elgar Publishing. This book was released on 2017-04-28 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays comprising this collection analyze the deep flaws in the methodological foundation of mainstream economic theory, and explain how these flaws make mainstream economics more ideology than sound social science. James Crotty develops alternative theories built on realistic assumptions that can explain most of the disastrous economic and financial developments of the past four decades. His work contributes to the collective creation of a solid theoretical foundation on which to build an understanding of the ‘laws of motion’ of capitalism in the post WWII era.

Marx, Schumpeter, and Keynes

Author : Suzanne Wiggins Helburn
Publisher : Armonk, N.Y. : M.E. Sharpe
ISBN 13 :
Total Pages : 370 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Marx, Schumpeter, and Keynes by : Suzanne Wiggins Helburn

Download or read book Marx, Schumpeter, and Keynes written by Suzanne Wiggins Helburn and published by Armonk, N.Y. : M.E. Sharpe. This book was released on 1986 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Foretelling the End of Capitalism

Author : Francesco Boldizzoni
Publisher : Harvard University Press
ISBN 13 : 0674919327
Total Pages : 337 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Foretelling the End of Capitalism by : Francesco Boldizzoni

Download or read book Foretelling the End of Capitalism written by Francesco Boldizzoni and published by Harvard University Press. This book was released on 2020-05-12 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intellectuals since the Industrial Revolution have been obsessed with whether, when, and why capitalism will collapse. This riveting account of two centuries of failed forecasts of doom reveals the key to capitalism’s durability. Prophecies about the end of capitalism are as old as capitalism itself. None have come true. Yet, whether out of hope or fear, we keep looking for harbingers of doom. In Foretelling the End of Capitalism, Francesco Boldizzoni gets to the root of the human need to imagine a different and better world and offers a compelling solution to the puzzle of why capitalism has been able to survive so many shocks and setbacks. Capitalism entered the twenty-first century triumphant, its communist rival consigned to the past. But the Great Recession and worsening inequality have undermined faith in its stability and revived questions about its long-term prospects. Is capitalism on its way out? If so, what might replace it? And if it does endure, how will it cope with future social and environmental crises and the inevitable costs of creative destruction? Boldizzoni shows that these and other questions have stood at the heart of much analysis and speculation from the early socialists and Karl Marx to the Occupy Movement. Capitalism has survived predictions of its demise not, as many think, because of its economic efficiency or any intrinsic virtues of markets but because it is ingrained in the hierarchical and individualistic structure of modern Western societies. Foretelling the End of Capitalism takes us on a fascinating journey through two centuries of unfulfilled prophecies. An intellectual tour de force and a plea for political action, it will change our understanding of the economic system that determines the fabric of our lives.

Keynes

Author : Fausto Vicarelli
Publisher : University of Pennsylvania Press
ISBN 13 : 1512819891
Total Pages : 212 pages
Book Rating : 4.5/5 (128 download)

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Book Synopsis Keynes by : Fausto Vicarelli

Download or read book Keynes written by Fausto Vicarelli and published by University of Pennsylvania Press. This book was released on 2015-09-30 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.