Classical Political Economics And Modern Capitalism

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Classical Political Economics and Modern Capitalism

Author : Lefteris Tsoulfidis
Publisher : Springer Nature
ISBN 13 : 3030179672
Total Pages : 465 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Classical Political Economics and Modern Capitalism by : Lefteris Tsoulfidis

Download or read book Classical Political Economics and Modern Capitalism written by Lefteris Tsoulfidis and published by Springer Nature. This book was released on 2019-09-05 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx, while also operationalizing more recent theoretical developments inspired by the works of Sraffa and other modern classical economists, using actual data from major economies. On the basis of this approach, the book subsequently provides alternative explanations for various microeconomic issues such as the determination of equilibrium prices and their movement induced by changes in income distribution; the dynamics of competition of firms within and between industries; the law of tendential equalization of interindustry profit rates; and international exchanges and transfers of value; as well as macroeconomic issues concerning capital accumulation and cyclical economic growth. Given its scope, the book will benefit all researchers, students, and policymakers seeking new explanations for observed phenomena and interested in the mechanisms that give rise to surface economic categories, such as prices, profits, the unemployment rate, interest rates, and long economic cycles.

The Invention of Capitalism

Author : Michael Perelman
Publisher : Duke University Press
ISBN 13 : 9780822324911
Total Pages : 428 pages
Book Rating : 4.3/5 (249 download)

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Book Synopsis The Invention of Capitalism by : Michael Perelman

Download or read book The Invention of Capitalism written by Michael Perelman and published by Duke University Press. This book was released on 2000-05-03 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: DIVRethinks the history of classical political economy by assessing the Marxian idea of “primitive accumulation,” the process by which a propertyless working class is created./div

Political Economy and the Rise of Capitalism

Author : David McNally
Publisher : Univ of California Press
ISBN 13 : 0520378318
Total Pages : 349 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Political Economy and the Rise of Capitalism by : David McNally

Download or read book Political Economy and the Rise of Capitalism written by David McNally and published by Univ of California Press. This book was released on 2024-06-21 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Introduction: This book challenges the conventional wisdom about classical political economy and the rise of capitalism. It is written in the conviction that modern interpretations of political economy have suffered terribly from acceptance of the prevailing liberal view of the origins and development of capitalist society. By the liberal account, capitalism emerged out of the centuries-old competitive activities of merchants and manufacturers in rational pursuit of their individual economic self-interest. Over time, this account claims, the persistent activity of these classes developed new forms of wealth and productive resources and new intellectual and cultural habits, which eroded the existing structure of society. The rise of capitalism is thus explained in terms of the rise to prominence of the most productive, rational, and progressive social groups—merchants and manufacturers. Not surprisingly, classical political economy came to be seen as an intellectual reflection of the ascendance of merchants and manufacturers and as a theoretical justification of their interests and activities. This book argues that capitalism was the product of an immense transformation in the social relationships of landed society and that this fact is crucial to understanding the development of classical political economy. Without a radical transformation of the agrarian economy, the activities of merchants and manufacturers would have remained strictly confined. By no inexorable logic of their own were mercantile and industrial activities capable of fundamentally transforming the essential relations of precapitalist society. Rather, the changes in agrarian economy, which drove rural producers from their land, forced them onto the labour market as wage labourers for their means of subsistence, and refashioned farming as an economic activity based upon the production of agricultural commodities for profit on the market, established the essential relations of modern capitalism. In what follows, these processes are described in terms of the emergence of agrarian capitalism. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1988.

Modern Political Economics

Author : Yanis Varoufakis
Publisher : Routledge
ISBN 13 : 1136814744
Total Pages : 543 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis Modern Political Economics by : Yanis Varoufakis

Download or read book Modern Political Economics written by Yanis Varoufakis and published by Routledge. This book was released on 2012-03-29 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash.

Political Economy of Modern Capitalism

Author : Colin Crouch
Publisher : SAGE
ISBN 13 : 0857026259
Total Pages : 223 pages
Book Rating : 4.8/5 (57 download)

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Book Synopsis Political Economy of Modern Capitalism by : Colin Crouch

Download or read book Political Economy of Modern Capitalism written by Colin Crouch and published by SAGE. This book was released on 1997-10-10 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies? Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.

Modern Classical Economics and Reality

Author : Theodore Mariolis
Publisher : Springer
ISBN 13 : 4431550046
Total Pages : 253 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Modern Classical Economics and Reality by : Theodore Mariolis

Download or read book Modern Classical Economics and Reality written by Theodore Mariolis and published by Springer. This book was released on 2016-01-13 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an in-depth, novel, and mathematically rigorous treatment of the modern classical theory of value based on the spectral analysis of the price–profit–wage rate system. The classical theory is also subjected to empirical testing to show its logical consistency and explanatory content with respect to observed phenomena and key economic policy issues related to various multiplier processes. In this context, there is an examination of the trajectories of relative prices when the distributive variables change, both theoretically and empirically, using actual input–output data from a number of quite divers e economies. It is suggested that the actual economies do not behave like the parable of a one-commodity world of the traditional neoclassical theory, which theorizes the relative scarcities of “goods and production factors” as the fundamental determinants of relative prices and their movement. By contrast, the results of the empirical analysis are fully consistent with the modern classical theory, which makes the intersectoral structure of production and the way in which net output is distributed amongst its claimants the fundamental determinants of price magnitudes. At the same time, however, these results indicate that only a few vertically integrated industries (“industry core” or “hyper-basic industries”) are enough to shape the behaviour of the entire economy in the case of a disturbance. This fact is reduced to the skew distribution of the eigenvalues of the matrices of vertically integrated technical coefficients and reveals that, across countries and over time, the effective dimensions of actual economies are surprisingly low. Normal 0 false false false EN-US JA X-NONE />

Savage Economics

Author : David L. Blaney
Publisher : Routledge
ISBN 13 : 1135265038
Total Pages : 556 pages
Book Rating : 4.1/5 (352 download)

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Book Synopsis Savage Economics by : David L. Blaney

Download or read book Savage Economics written by David L. Blaney and published by Routledge. This book was released on 2010-01-04 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative book challenges the most powerful and pervasive ideas concerning political economy, international relations, and ethics in the modern world. Rereading classical authors including Adam Smith, James Steuart, Adam Ferguson, Hegel, and Marx, it provides a systematic and fundamental cultural critique of political economy and critically describes the nature of the mainstream understanding of economics. Blaney and Inayatullah construct a powerful argument about how political economy and the capitalist market economy should be understood, demonstrating that poverty is a product of capitalism itself. They address the questions: Is wealth for some bought at the cost of impoverishing, colonizing, or eradicating others? What benefits of wealth might justify these human costs? What do we gain and lose by endorsing a system of wealth creation? Do even "savage cultures" contain values, critiques, and ways of life that the West still needs? Opening the way for radically different policies addressing poverty and demanding a rethink of the connections between political economy and international relations, this thought-provoking book is vital reading for students and scholars of politics, economics, IPE and international relations.

Creating Modern Capitalism

Author : Thomas K. McCraw
Publisher : Harvard University Press
ISBN 13 : 9780674175563
Total Pages : 764 pages
Book Rating : 4.1/5 (755 download)

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Book Synopsis Creating Modern Capitalism by : Thomas K. McCraw

Download or read book Creating Modern Capitalism written by Thomas K. McCraw and published by Harvard University Press. This book was released on 1997 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt: This memorial release takes a look back at the life and career of legendary American soul and R&B vocalist and pop star Whitney Houston, whose powerful vocals and larger than life image made her an icon, before her life short with her unexpected death in 2012 at the age f 48. ~ Cammila Collar, Rovi

Capitalism

Author : Anwar Shaikh
Publisher : Oxford University Press
ISBN 13 : 0199390657
Total Pages : 1019 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Capitalism by : Anwar Shaikh

Download or read book Capitalism written by Anwar Shaikh and published by Oxford University Press. This book was released on 2016-01-15 with total page 1019 pages. Available in PDF, EPUB and Kindle. Book excerpt: Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.

Aristotle, Adam Smith and Karl Marx

Author : Spencer J. Pack
Publisher : Edward Elgar Publishing
ISBN 13 : 1849805474
Total Pages : 277 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis Aristotle, Adam Smith and Karl Marx by : Spencer J. Pack

Download or read book Aristotle, Adam Smith and Karl Marx written by Spencer J. Pack and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . a very valuable introduction to Aristotle s economics. History of Economic Ideas Spencer Pack is completely at home with the difficult works of Aristotle, Adam Smith and Karl Marx. To walk with him through their writings is to discover that they are surprisingly helpful in understanding the modern world of computers, credit crunches, religious differences, international conflicts, and unemployment due to oversaving in China and undersaving in America. One is left after reading them with growing admiration for the giants of past intellectual history. This is only one lesson that Pack teaches in this illuminating book. Mark Blaug, University of London and University of Buckingham, UK This is an unusually ambitious and unpretentious work. And it is successful. Pack effectively compares the ideas of each of the three great men without forcing those of one upon the others. The topics are exchange value, money, capital, character, government, and change, which the author considers to be the fundamental issues in 21st century political economy. Pack is especially successful in utilizing a wide spectrum of secondary (including contemporary) sources to enrich the analysis of the expected primary sources. Student readers will be exposed to the opportunities and problems of variation in interpretation. The author has studiously avoided insinuating and privileging his own views and naively repeating well-worn and misleading, if not also erroneous, ideology-laden positions. Warren J. Samuels, Michigan State University, US Spencer Pack has written a most illuminating and insightful book. Beginning from Aristotelian foundations, Pack focuses our attention on an essential economic and moral issue: the difference between value in use and value in exchange. From this vantage point, he evaluates the arguments of Smith and Marx, demonstrating how their theories, both drawing on Aristotle, unfold into a general analysis of capitalism. His account forces us to think deeply about the nature of capitalist society. I recommend it highly. John F. Henry, University of Missouri-Kansas City, US Spencer Pack compares and contrasts Aristotle s, Smith s and Marx s theoretical systems on six fundamental issues: exchange value, money, capital, character, government, and change. This book also provides insights on issues concerning the continuing development of world money, saving, managerial capitalism, corrupt governments, and various secular and religious movements for social change.

Henryk Grossman Works, Volume 1

Author : Henryk Grossman
Publisher : BRILL
ISBN 13 : 9004384758
Total Pages : 706 pages
Book Rating : 4.0/5 (43 download)

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Book Synopsis Henryk Grossman Works, Volume 1 by : Henryk Grossman

Download or read book Henryk Grossman Works, Volume 1 written by Henryk Grossman and published by BRILL. This book was released on 2018-11-26 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection includes texts by Henryk Grossman that are primarily concerned with economic theory: monographs, articles, essays, letters and manuscript material. Many have never been published in English before, some in any language. The first in four volumes of Grossman’s works, it provides the basis for a deeper understanding of Grossman’s contributions to Marxist economic theory and critique of bourgeois economics. Rick Kuhn’s introduction explains the contexts in which the texts were written and establishes their contemporary relevance.

Comparative Political Economy

Author : Ben Clift
Publisher : Bloomsbury Publishing
ISBN 13 : 1350311774
Total Pages : 699 pages
Book Rating : 4.3/5 (53 download)

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Book Synopsis Comparative Political Economy by : Ben Clift

Download or read book Comparative Political Economy written by Ben Clift and published by Bloomsbury Publishing. This book was released on 2021-02-02 with total page 699 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book about how 21st-century capitalism really works. Modern economics strips away social, historical, and political context from analysis of 'the economic', but the economy is far too important to leave exclusively to the economists. Comparative Political Economy (CPE) is a much broader, richer intellectual undertaking which 're-embeds' the analysis of the economic within the social and political realm. This is at the heart of how to think like a political economist. This text maps the terrain and evolution of CPE, providing the analytical tools to explore the many variants of capitalism, unearthing their roots in competing visions of the desirable distribution of the fruits of growth. Connecting CPE systematically to the subfield of International Political Economy (IPE), the book explains how these visions generate ongoing political struggles over how to regulate and manage capitalism. This is the perfect introduction to the field for all students of CPE and IPE. New to this Edition: - Fully revised and updated throughout to take into account the latest empirical and theoretical developments in this fast-moving field - A brand New chapter on the political economy of inequality, populism, Trump & Brexit - New expanded 'how to use this book' aimed at student readers - More coverage of the types of economies covered, to move from an exclusively Western focus to cover developing and emerging global economies

There's No Such Thing as "The Economy"

Author : Samuel A. Chambers
Publisher : punctum books
ISBN 13 : 1947447890
Total Pages : 168 pages
Book Rating : 4.9/5 (474 download)

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Book Synopsis There's No Such Thing as "The Economy" by : Samuel A. Chambers

Download or read book There's No Such Thing as "The Economy" written by Samuel A. Chambers and published by punctum books. This book was released on 2018 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every Economics textbook today teaches that questions of values and morality lie outside of, are in fact excluded from, the field of Economics and its proper domain of study, "the economy." Yet the dominant cultural and media narrative in response to major economic crisis is almost always one of moral outrage. How do we reconcile this tension or explain this paradox by which Economics seems to have both everything and nothing to do with values? The discipline of modern economics hypostatizes and continually reifies a domain it calls "the economy"; only this epistemic practice makes it possible to falsely separate the question of value from the broader inquiry into the economic. And only if we have first eliminated value from the domain of economics can we then transform stories of financial crisis or massive corporate corruption into simple tales of ethics. But if economic forces establish, transform, and maintain relations of value then it proves impossible to separate economics from questions of value, because value relations only come to be in the world by way of economic logics. This means that the "positive economics" spoken of so fondly in the textbooks is nothing more than a contradiction in terms, and as this book demonstrates, there's no such thing as "the economy." To grasp the basic logic of capital is to bring into view the unbreakable link between economics and value.

A Historical Political Economy of Capitalism

Author : Andrea Micocci
Publisher : Routledge
ISBN 13 : 1317273303
Total Pages : 221 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis A Historical Political Economy of Capitalism by : Andrea Micocci

Download or read book A Historical Political Economy of Capitalism written by Andrea Micocci and published by Routledge. This book was released on 2016-05-26 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to understand the resilience of capitalism as a mode of production, social organization, and an intellectual system, it is necessary to explore its intellectual development and underlying structure. A Historical Political Economy of Capitalism argues that capitalism is based on a dominant intellectuality: a metaphysics. It proposes the construction of a history-based 'critique of political economy', capable of revealing the poverty of capitalism's intellectual logic and of its application in practice. This involves a reconsideration of several classical thinkers, including Smith, Marx, Berkeley, Locke, Hobbes, Hume and Rousseau. It also sketches an emancipative methodology of analysis, aiming to expose any metaphysics, capitalist or none. In doing so, this book proposes a completely new approach in materialist philosophy. The new methodology in political economy that is proposed in this volume is an alternative way to organize a materialist approach. Some basic aspects of what is argued by the author can be found in Marx. This book is well suited for those who study political economy and economic theory and philosophy, as well as those who are interested in Marxism.

The Political Economy of Marx (2nd Edition)

Author : Michael Charles Howard
Publisher : NYU Press
ISBN 13 : 0814734529
Total Pages : 280 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis The Political Economy of Marx (2nd Edition) by : Michael Charles Howard

Download or read book The Political Economy of Marx (2nd Edition) written by Michael Charles Howard and published by NYU Press. This book was released on 1985 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This edition of The political economy of Marx, Second edition is published by arrangement with Longman Group UK Limited"--T.p. verso.

After Adam Smith

Author : Murray Milgate
Publisher : Princeton University Press
ISBN 13 : 0691152349
Total Pages : 318 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis After Adam Smith by : Murray Milgate

Download or read book After Adam Smith written by Murray Milgate and published by Princeton University Press. This book was released on 2011-10-16 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'After Adam Smith' looks at how politics & political economy were articulated & altered in the century following the publication of Smith's 'Wealth of Nations'.

Political Economy and Global Capitalism

Author : Robert Albritton
Publisher : Anthem Press
ISBN 13 : 0857286757
Total Pages : 261 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis Political Economy and Global Capitalism by : Robert Albritton

Download or read book Political Economy and Global Capitalism written by Robert Albritton and published by Anthem Press. This book was released on 2010 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together original and timely writings by internationally renowned scholars that reflect on the current trajectories of global capitalism and, in the light of these, consider likely, possible or desirable futures. It offers theory-informed writing that contextualizes empirical research on current world-historic events and trends with an eye towards realizing a future of human, social and economic betterment.