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Symposium On Arrigo Opocher And Ian Steedman Opocher A 2015 Full Industry Equilibrium A Theory Of The Industrial Long Run Cambridge
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Book Synopsis Symposium on Arrigo Opocher and Ian Steedman ([Opocher, A., 2015]), Full Industry Equilibrium. A Theory of the Industrial Long Run, Cambridge by : Enrico Bellino
Download or read book Symposium on Arrigo Opocher and Ian Steedman ([Opocher, A., 2015]), Full Industry Equilibrium. A Theory of the Industrial Long Run, Cambridge written by Enrico Bellino and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: After an editorial that motivates the symposium on the book by Arrigo Opocher and Ian Steedman, there are comments by five scholars (in alphabetical order). These deal with capital theoretic issues (Bellino), the labour demand curve (Bidard), the zero-excess-profit position in alternative theories of value (Fratini), the role of intermediate as opposed to final products in the setting of prices (Harcourt) and the role of time in the analysis (Yoshihara). Then follows a response by Opocher and Steedman.
Book Synopsis Full Industry Equilibrium by : Arrigo Opocher
Download or read book Full Industry Equilibrium written by Arrigo Opocher and published by Cambridge University Press. This book was released on 2015-05-28 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This original book develops a systematic zero-net-profit comparative statics theory to shed new light on the microeconomics of industry equilibrium.
Book Synopsis Full Industry Equilibrium by : Arrigo Opocher
Download or read book Full Industry Equilibrium written by Arrigo Opocher and published by Cambridge University Press. This book was released on 2015-05-28 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and Sraffian theory to create a unified theoretical framework that explains how firms react to exogenous shocks resulting in new equilibrium positions of the whole economy. The central message of the book is that too often economists expect more from the microeconomic laws of input demand and output supply than they can really give. The authors show that the zero-net-profit condition requires a more articulated analysis that sometimes yields qualitative results contrary to those of familiar economic laws. Written for academic researchers and graduate students, the book will be of particular interest to those working on the microeconomics of industry equilibrium, comparative statics and Sraffian economics.
Book Synopsis Microfoundations of Evolutionary Economics by : Yoshinori Shiozawa
Download or read book Microfoundations of Evolutionary Economics written by Yoshinori Shiozawa and published by Springer. This book was released on 2019-06-27 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and quantity adjustment processes. Evolutionary economics has rightly and successfully concentrated its efforts on explaining evolutionary processes in technology and institutions. However, it does not have its own value theory and is not capable of explaining the workings of everyday economics processes, in which any evolutionary process would take place. Our point of departure is the addition of myopic agents with severely limited rational and forecasting capacities (in stark contrast to mainstream economics). We show how myopic agents, in a complex world, can produce a stable price system and demonstrate how they can adjust their production to changing demand flows. Agents behave without any knowledge of the overall process, and they generate a stable economy as large as the global network of exchanges. This is the true “miracle” of the market mechanism. In contrast to mainstream general equilibrium theory, this miracle can be explained without the need for an auctioneer or infinitely rational agents. Thanks to this book, evolutionary economics can now claim to be an independent approach to economics that can completely replace mainstream neoclassical economics.
Book Synopsis Innovation, Knowledge and Growth by : Heinz D. Kurz
Download or read book Innovation, Knowledge and Growth written by Heinz D. Kurz and published by Routledge. This book was released on 2013-03-01 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the prime movers of socio-economic development, innovations and technical change, their origins, forms and effects. It contains a set of closely related chapters, some of which have been previously published as papers in scholarly journals
Book Synopsis Ricardo's Theory of Growth and Accumulation by : Neri Salvadori
Download or read book Ricardo's Theory of Growth and Accumulation written by Neri Salvadori and published by Routledge. This book was released on 2020-04-22 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the aftermath of the Napoleonic Wars Britain found itself faced with a stagnant economy. Economist David Ricardo believed that the full re-integration of Britain into the world market would allow for both capital accumulation and population growth, and used arguments that anticipate ideas entertained in modern contributions to the theory of economic growth and development. However, several of these arguments have not yet been translated into the language of modern classical economics. Ricardo’s Theory of Growth and Accumulation seeks to overcome this striking lacuna. The latest entry in the Graz Schumpeter lecture series, this text explores and elaborates Ricardo’s arguments and the models utilized by those who subsequently followed in support of his work. The Ricardian system is first examined through a one-sector economy, following Kaldor’s model, and a two-sector economy, following Pasinetti’s model. These building blocks are developed through the exploration of a small open economy, which allows an analysis of the impact of international trade in exceedingly simple circumstances. This discussion expands further by considering the world economy. More sophisticated variants of the two-sector model are presented, in which commodity prices are endogenously determined by the trading interplay amongst several countries. A final analysis makes Ricardo’s case by introducing accumulation in the world economy. This book is of interest to students and scholars of Ricardo, classical economics, and – more broadly – growth theory, the theory of international economics, and globalization. The author was keen to render the analytical parts compelling to the historian and the historical parts compelling to the theorist.
Book Synopsis The Encyclopedia of Political Science Set by : George T Kurian
Download or read book The Encyclopedia of Political Science Set written by George T Kurian and published by CQ Press. This book was released on 2010-10-12 with total page 1801 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Elgar Companion to David Ricardo by : Heinz D. Kurz
Download or read book The Elgar Companion to David Ricardo written by Heinz D. Kurz and published by Edward Elgar Publishing. This book was released on 2015-05-29 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arguably one of the most important economists who has lived, Ricardo's impact on the economics profession is immense. This unique and comprehensive Companion elucidates his significance and continuing legacy. Ricardo made major contributions to all fields of the subject, from monetary issues to value and income distribution, from capital accumulation, technical progress and economic growth to foreign trade and international specialisation, and from taxes to public debt. What he called the main problem of political economy, the distribution of income and wealth, is again back on the political and economic agenda with a vengeance. Leading experts in the field explore his influence and offer novel interpretations of received doctrines.
Book Synopsis Prices, Reproduction, Scarcity by : Christian Bidard
Download or read book Prices, Reproduction, Scarcity written by Christian Bidard and published by Cambridge University Press. This book was released on 2004-05-20 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published as a French edition in 1991, and first translated into English for this Cambridge edition in 2004, in this exhaustive study Christian Bidard develops a theory of prices of production. This theory breaks down the symmetry between producers and consumers and gives more importance to reproduction rather than scarcity. In his analysis of multiple-product systems, Bidard focuses on the notion of an all-engaging system which elucidates the link with von Neumann's theory; examines the notions of sector and vertical integration which make possible an elegant treatment of fixed capital; clarifies the status of the internal rate of return; proposes a general theory of rent. In the discussion of capital theory and marginal equalities or, more specifically, the treatment of exhaustible resources, Bidard compares different readings of Sraffa's work and revisits the question of relationships between classical theory (Smith, Ricardo, Marx) and the general equilibrium theory (Walras, Arrow, Debreu).
Book Synopsis Sraffian Economics by : Ian Steedman
Download or read book Sraffian Economics written by Ian Steedman and published by . This book was released on 1988 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is part of a two-volume set, the price for which is #149.95.
Book Synopsis Employee Ownership by : Joseph R. Blasi
Download or read book Employee Ownership written by Joseph R. Blasi and published by . This book was released on 1988 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contributions to Political Economy by :
Download or read book Contributions to Political Economy written by and published by . This book was released on 1996 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis General Equilibrium, Capital and Macroeconomics by : Fabio Petri
Download or read book General Equilibrium, Capital and Macroeconomics written by Fabio Petri and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Fabio Petri has been a persistent critic of marginalist theories of value and distribution. In this provocative book, he presents an extensive scrutiny of the reasons why many economists are unsatisfied with the Neo-Walrasian approach to General Equilibrium theory and why some reject it altogether. General Equilibrium, Capital and Macroeconomics throws down a challenge to all economic theorists.' - Neri Salvadori, University of Pisa, Italy 'General Equilibrium, Capital and Macroeconomics is a thorough and deep book. It contains a remarkably clear and precise statement of the conceptual, methodological and analytical difficulties besetting the demand and supply approach to economics as it is advocated in partial and general equilibrium models, old and new, micro and macro. This work covers essential parts of modern economics, it is well written and the subject matter is carefully arranged. The book will be of interest to a wide range of economists.' - Heinz D. Kurz, University of Graz, Austria This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and has undermined central tenets of neoclassical macroeconomic theory (such as the negative dependence of aggregate investment on the interest rate, or the existence of a downward-sloping demand curve for labour) which had their basis in the long-period versions where capital was treated as a single factor.
Book Synopsis The Aggregate Production Function and the Measurement of Technical Change by : Jesus Felipe
Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by Edward Elgar Publishing. This book was released on 2013-10-31 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
Book Synopsis Handbook of Alternative Theories of Economic Growth by : Mark Setterfield
Download or read book Handbook of Alternative Theories of Economic Growth written by Mark Setterfield and published by Edward Elgar Pub. This book was released on 2010 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: Included in the text are comprehensive interpretations of subjects such as: the relationship between aggregate supply and demand and long run growth, the interaction of growth and technical change, and international and regional a vibrant and ongoing research effort to understand the macrodynamics of capitalist economies. As such, this Handbook provides a valuable springboard for further research that will continue the development of these theories, inspiring both existing researchers and those new to the field to build upon the body of work the volume represents. --
Book Synopsis Some Cambridge Controversies in the Theory of Capital by : G. C. Harcourt
Download or read book Some Cambridge Controversies in the Theory of Capital written by G. C. Harcourt and published by Cambridge University Press. This book was released on 1972-05-25 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital theory traditionally spans two major compartments of economic theory: the theory of production of both individual products and the total product, and the theory of the distribution of the aggregate product between the different classes of capitalist society. It has always been controversial, partly because the subject matter is difficult and partly because rival ideologies and value systems impinge directly on the subject matter. In the present book the various topics associated with the exchanges between the 'neo-Keynesians' and the 'neo-neoclassicals' are discussed and evaluated. The topics include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.
Book Synopsis Contributions to Economic Analysis by :
Download or read book Contributions to Economic Analysis written by and published by . This book was released on 1952 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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