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Author : Jan Allen Kregel
Publisher : Transaction Publishers
ISBN 13 : 0202368483
Total Pages : 236 pages
Book Rating : 4.2/5 (23 download)
Download or read book Rate of profit, distribution and growth. 2 views written by Jan Allen Kregel and published by Transaction Publishers. This book was released on with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : J. A. Kregel
Publisher : Routledge
ISBN 13 : 9781138531444
Total Pages : 233 pages
Book Rating : 4.5/5 (314 download)
Download or read book Rate of Profit, Distribution and Growth written by J. A. Kregel and published by Routledge. This book was released on 2017-08-02 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: A controversy among economists has raged in the pages of professional journals for the last decade. The debate concerns capital theory and distribution theory, as well as interpretation of models of long-run economic growth. This book is an attempt to integrate recent developments in capital theory and show their implications for models of long-run economic growth in mature capitalistic countries. This book first presents the von Neumann model and outlines its classical approach to the rate of profits and distribution. Sraffa's resolution of the value-price transformation problem is then presented and compared with Samuelson's "Surrogate Production Function". With the results of this comparison and the delineation of the special case in which the "Surrogate" is valid, several existing models of growth are set out in two representative groups. Neoclassical models form the first group. These are defined by their reliance on marginal theory to determine factor prices, the rate of profit and therefore distribution via the perfectly differentiable production function. Models of Meade, Tobin, Solow, and Samuelson- Modigliani are outlined and analyzed for their treatment and distribution and profits theory. The second group is comprised of models within the strict Keynesian tradition. The basic groundwork of these models as found in the work of Keynes and Kalecki is first cited. The Keynesian models are characterized by their assumption that the investment decision is totally independent of savings decisions in the economy. The models of Harrod, Kaldor, Pasinetti and Joan Robinson are presented and their method of approach to the rate of profits and distribution is analyzed. The concluding chapter focuses on some criticisms brought against the Keynesian models and offers some generalized formulations to deal with these neoclassical objections. General conclusions follow the treatment of each representative group and author.
Author : J.A. Kregel
Publisher : Springer
ISBN 13 : 1349012122
Total Pages : 230 pages
Book Rating : 4.3/5 (49 download)
Download or read book Rate of Profit, Distribution and Growth: Two Views written by J.A. Kregel and published by Springer. This book was released on 1971-06-18 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a controversy among economists that has raged in the pages of professional journals. The debate concerns capital theory and distribution theory, as well as interpretation of models of long-run economic growth. This book is an attempt to integrate developments in capital theory and show their implications for models of long-run economic growth in mature capitalistic countries.
Author : Luigi Pasinetti
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (881 download)
Download or read book Rate of profit and income distribution in relation to the rate of economic growth written by Luigi Pasinetti and published by . This book was released on with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nikolaos Chatzarakis
Publisher : Taylor & Francis
ISBN 13 : 1040031072
Total Pages : 337 pages
Book Rating : 4.0/5 (4 download)
Download or read book Economic Growth and Long Cycles written by Nikolaos Chatzarakis and published by Taylor & Francis. This book was released on 2024-06-03 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of the modern economy. The book shows that the work of the old classical economists (Smith and Ricardo) and Marx is theoretically sound and capable of providing answers to both growth and cycles. It also demonstrates the potential and natural integration of growth and cycles in a single model. The microeconomic foundation of this model is the labor theory of value, which continues with the General Law of Capital Accumulation, the Law of the Falling Rate of Profit, and the movement of the Industrial Reserve Army of Labour. Finally, a dynamic model of growth-cum-cycles is constructed consisting of the evolution and interaction of five key variables, namely, the rate of profit, the propensity to invest in fixed capital, technological change, the reserve army of labour, and the rate of capital devaluation. The analysis demonstrates that economic growth and cycles are not disconnected from each other, as they have been treated in the literature, but rather interdependent aspects of the same evolutionary process of a capitalist economy. This book will interest readers in the history of economic thought, economic growth and development, macroeconomics, and political economy.
Author : Ascension Mejorado
Publisher : Routledge
ISBN 13 : 1134638493
Total Pages : 344 pages
Book Rating : 4.1/5 (346 download)
Download or read book Profitability and the Great Recession written by Ascension Mejorado and published by Routledge. This book was released on 2013-10-23 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the mid-1980s, investors in the US increasingly directed capital towards the financial sector at the expense of non-financial sectors, lured by the perception of higher profits. This flow of capital inflated asset prices, creating the stock market and housing bubbles which burst when the imbalance between stagnant incomes and rising debts triggered the banking meltdown. Profitability and the Great Recession analyses these trends in profitability and capital accumulation, which the authors identify as the root cause of the financial crisis, in the context of the US and other major OECD countries. Drawing on insights from Adam Smith, David Ricardo, John Stuart Mill and Karl Marx, the authors interpret the relationship between capital accumulation and profitability trends through the conceptual lens of classical political economy. The book provides extensive empirical evidence of declining rates of US non-financial corporate accumulations from the mid-1960s and profitability trends in that sector falling from post-war highs. In contrast to this, it is shown that there was a vigorous rise of profitability in the financial sector from a 1982 trough to the early part of the twenty-first century, which led to the bloating of that sector. The authors conclude that the long-term falling accumulation trend in the non-financial corporate sector, highlighted by the bankruptcy of major automobile corporations, stands out as the underlying force that transformed the financial crisis into a fully-fledged Great Recession. This book will be of interest to students and researchers in the areas of economics, political economy, business and finance.
Author : Engelbert Stockhammer
Publisher : Springer
ISBN 13 : 1137357932
Total Pages : 329 pages
Book Rating : 4.1/5 (373 download)
Download or read book Wage-Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Author : S. Bober
Publisher : Springer
ISBN 13 : 0230613713
Total Pages : 212 pages
Book Rating : 4.2/5 (36 download)
Download or read book Marx and the Meaning of Capitalism written by S. Bober and published by Springer. This book was released on 2016-04-30 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introductory and analytical look into the essence of Marxian economics that begins the processof divorcing Marxian economics from Stalinism.
Author : D. Papadimitriou
Publisher : Springer
ISBN 13 : 1137450967
Total Pages : 391 pages
Book Rating : 4.1/5 (374 download)
Download or read book Contributions to Economic Theory, Policy, Development and Finance written by D. Papadimitriou and published by Springer. This book was released on 2016-03-09 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study combines lessons drawn from events and experiences of developing countries and examines them in relation to Jan Kregel's ideas on economics and development. The contributors provide in-depth analysis on: financial stability and crises, monetary systems, banking, global governance, employment, inflation and political economy
Author : A.P. Thirlwall
Publisher : Springer
ISBN 13 : 134926931X
Total Pages : 325 pages
Book Rating : 4.3/5 (492 download)
Download or read book Economic Dynamics, Trade and Growth written by A.P. Thirlwall and published by Springer. This book was released on 2015-12-31 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sir Roy Harrod was one of the foremost economists of the twentieth century who made pioneering contributions in several branches of economics including: trade cycle theory; growth theory; trade theory; monetary economics; imperfect competition theory, and methodology. This volume arises out of a conference to celebrate the sixtieth anniversary of the publication of his book The Trade Cycle in 1936. After an introductory essay by Walter Eltis, a student of Harrod, this volume contains important essays on the interpretation of Harrod's work in the field of economic dynamics by Danial Besomi and Maurizio Pugno, and in the field of trade and growth by Tony Thirlwall, John McCombie and Luca Bendictis. Finally, Warren Young, in the process of writing Harrod's biography, uses correspondence between Harrod and Haberler to elucidate Harrod's views on trade theory, international monetary reform and inflation.
Author : Randy Albelda
Publisher : Routledge
ISBN 13 : 1315494248
Total Pages : 359 pages
Book Rating : 4.3/5 (154 download)
Download or read book Alternatives to Economic Orthodoxy written by Randy Albelda and published by Routledge. This book was released on 2016-07-08 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the question of whether China's peasantry was a revolutionary force, this volume pays particular attention to the first half of the 20th century, when peasant-based conflict was central to nationwide revolutionary processes. It traces key themes of social conflict and peasant resistance.
Author : Ching-Yao Hsieh
Publisher : Routledge
ISBN 13 : 1315495082
Total Pages : 281 pages
Book Rating : 4.3/5 (154 download)
Download or read book A Search for Synthesis in Economic Theory written by Ching-Yao Hsieh and published by Routledge. This book was released on 2019-09-25 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1986. Since the late 1960s the seeming inability of traditional monetary and fiscal policies to combat " stagflation" and address other macroeconomic issues has accelerated the erosion of confidence in the prevailing economic paradigm , the " neoclassical synthesis." * Dissensions among the members of the economics profession on both sides of the Atlantic have grown in number. By the 1970s, a majority of economists had recognized a " crisis" in economic theory. Parallel to this development, a crisis has also emerged in the Marxian camp. This volume is a discussion from the various schools of thought around three of the salient common grounds follows: the theory of a monetary economy, the disequilibrium foundations of a general equilibrium theory, and a rekindled interest in institutional factors.
Author : Marin Muzhani
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 0773592113
Total Pages : 569 pages
Book Rating : 4.7/5 (735 download)
Download or read book Mainstream Growth Economists and Capital Theorists written by Marin Muzhani and published by McGill-Queen's Press - MQUP. This book was released on 2014-06-01 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mainstream Growth Economists and Capital Theorists provides a historical survey and ideal introduction to modern economics, arguing that due to significant changes in recent years, a re-evaluation is in order. Marin Muzhani presents an informed study of the debates regarding economic growth and development that began in the 1930s in response to the Great Depression. He argues that in the wake of that crisis, the challenge for economists was to understand how to generate stable economic growth in order to prevent future crises. The theories of John Maynard Keynes, in particular, sought to explain the reasons for unemployment and recessions, paving the way for the field of macroeconomics and challenging the basic premises of neoclassical economics. In the late 1930s and 1940s, economists began to extend Keynes' ideas, synthesizing them with neoclassical ideas in order to explain economic growth. This "neoclassical synthesis" would dominate mainstream macroeconomic thought for the next forty years until the mid-1980s with the introduction of endogenous growth theories. Taking into account the historical background, the multitude of interpretations of modern growth models, and the geography of mainstream economists, Mainstream Growth Economists and Capital Theorists will simplify the structure of growth theory for the next generation of economists.
Author : Paul Davidson
Publisher : Springer
ISBN 13 : 1349115134
Total Pages : 648 pages
Book Rating : 4.3/5 (491 download)
Download or read book Money and Employment written by Paul Davidson and published by Springer. This book was released on 1990-06-18 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first volume in a series of collected writings by Paul Davidson, this book covers such areas as money, finance, Keynes, monetarism and macroeconomic employment. The collected writings are also available as a complete set.
Author : Luigi L. Pasinetti
Publisher : CUP Archive
ISBN 13 : 9780521204743
Total Pages : 166 pages
Book Rating : 4.2/5 (47 download)
Download or read book Growth and Income Distribution written by Luigi L. Pasinetti and published by CUP Archive. This book was released on 1974-11-21 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on the economic theory of economic growth and income distribution - discusses the economic analysis of effective demand and of business cycles, the relationship between profit rates and economic growth rates, etc., and includes economic models and methodologycal problems. Graphs and references.
Author : Prue Kerr
Publisher : Taylor & Francis
ISBN 13 : 9780415217446
Total Pages : 328 pages
Book Rating : 4.2/5 (174 download)
Download or read book Joan Robinson written by Prue Kerr and published by Taylor & Francis. This book was released on 2002 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mauro L. Baranzini
Publisher : Springer
ISBN 13 : 3319710729
Total Pages : 396 pages
Book Rating : 4.3/5 (197 download)
Download or read book Luigi L. Pasinetti: An Intellectual Biography written by Mauro L. Baranzini and published by Springer. This book was released on 2018-03-18 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Luigi L. Pasinetti (born 1930) is arguably the most influential of the second generation of the Cambridge Keynesian School of Economics, both because of his achievements and his early involvement with the direct pupils of John Maynard Keynes. This comprehensive intellectual biography traces his research from his early groundbreaking contribution in the field of structural economic dynamics to the ‘Pasinetti Theorem’. With scientific outputs spanning more than six decades (1955–2017), Baranzini and Mirante analyse the impact of his research work and roles at Cambridge, the Catholic University of Milan and at the new University of Lugano. Pasinetti’s whole scientific life has been driven by the desire to provide new frameworks to explain the mechanisms of modern economic systems, and this book assesses how far this has been achieved.
