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Author: Enrico Bellino Publisher: Routledge ISBN: 1000522466 Category : Business & Economics Languages : en Pages : 267
Book Description
This book investigates the relationship between wages, profits, values and labour employment from a classical-Keynesian perspective. The starting point of this approach is classical political economy (in particular, Smith, Ricardo and Marx), suitably reformulated in modern terms by Sraffa and then integrated with the Keynesian theory of employment. Such an approach proves to be more appropriate in understanding the complexities of current economies and in identifying the instruments to pursue the final goal of economic systems: putting each person in a position to earn what is necessary to live with dignity. The approach undertaken by these chapters is in contrast to the ‘marginalist’ or ‘neoclassical’ school, which constitutes the mainstream of economic analysis. Especially in recent decades, several critical analyses of the present state of economic research have emerged due to the failure of contemporary economic analysis to acutely penetrate and guide the workings of actual economic systems. But these analyses have not always been effectively presented in a coordinated manner. This work presents one possible unifying framework—grounded in a solid tradition of economic thought—which aims to describe the basic forces operating in capitalistic economies and to identify the main objectives to pursue in production economies in order to fully exploit their potential. Most importantly, the focus of such classical-Keyensian analysis concerns the production of goods and services, and this book shows how several factors typical of contemporary (post-)industrial societies thus can be understood in a way that the standard economic theory has not been able to explicate (due to the reduction of everything to a question of exchange). The book provides key reading for those on master level economics courses. Moreover, it constitutes a solid introduction to modern classical-Keynesian analysis. It may also be of interest to readers who are keen to develop a critical view of economics, political economy and history of economic thought.
Author: Enrico Bellino Publisher: Routledge ISBN: 1000522466 Category : Business & Economics Languages : en Pages : 267
Book Description
This book investigates the relationship between wages, profits, values and labour employment from a classical-Keynesian perspective. The starting point of this approach is classical political economy (in particular, Smith, Ricardo and Marx), suitably reformulated in modern terms by Sraffa and then integrated with the Keynesian theory of employment. Such an approach proves to be more appropriate in understanding the complexities of current economies and in identifying the instruments to pursue the final goal of economic systems: putting each person in a position to earn what is necessary to live with dignity. The approach undertaken by these chapters is in contrast to the ‘marginalist’ or ‘neoclassical’ school, which constitutes the mainstream of economic analysis. Especially in recent decades, several critical analyses of the present state of economic research have emerged due to the failure of contemporary economic analysis to acutely penetrate and guide the workings of actual economic systems. But these analyses have not always been effectively presented in a coordinated manner. This work presents one possible unifying framework—grounded in a solid tradition of economic thought—which aims to describe the basic forces operating in capitalistic economies and to identify the main objectives to pursue in production economies in order to fully exploit their potential. Most importantly, the focus of such classical-Keyensian analysis concerns the production of goods and services, and this book shows how several factors typical of contemporary (post-)industrial societies thus can be understood in a way that the standard economic theory has not been able to explicate (due to the reduction of everything to a question of exchange). The book provides key reading for those on master level economics courses. Moreover, it constitutes a solid introduction to modern classical-Keynesian analysis. It may also be of interest to readers who are keen to develop a critical view of economics, political economy and history of economic thought.
Author: Enrico Bellino Publisher: Routledge ISBN: 1000522431 Category : Business & Economics Languages : en Pages : 276
Book Description
This book investigates the relationship between wages, profits, values and labour employment from a classical-Keynesian perspective. The starting point of this approach is classical political economy (in particular, Smith, Ricardo and Marx), suitably reformulated in modern terms by Sraffa and then integrated with the Keynesian theory of employment. Such an approach proves to be more appropriate in understanding the complexities of current economies and in identifying the instruments to pursue the final goal of economic systems: putting each person in a position to earn what is necessary to live with dignity. The approach undertaken by these chapters is in contrast to the ‘marginalist’ or ‘neoclassical’ school, which constitutes the mainstream of economic analysis. Especially in recent decades, several critical analyses of the present state of economic research have emerged due to the failure of contemporary economic analysis to acutely penetrate and guide the workings of actual economic systems. But these analyses have not always been effectively presented in a coordinated manner. This work presents one possible unifying framework—grounded in a solid tradition of economic thought—which aims to describe the basic forces operating in capitalistic economies and to identify the main objectives to pursue in production economies in order to fully exploit their potential. Most importantly, the focus of such classical-Keyensian analysis concerns the production of goods and services, and this book shows how several factors typical of contemporary (post-)industrial societies thus can be understood in a way that the standard economic theory has not been able to explicate (due to the reduction of everything to a question of exchange). The book provides key reading for those on master level economics courses. Moreover, it constitutes a solid introduction to modern classical-Keynesian analysis. It may also be of interest to readers who are keen to develop a critical view of economics, political economy and history of economic thought.
Author: K. R. Ranadive Publisher: Bombay : Oxford University Press ISBN: Category : Business & Economics Languages : en Pages : 376
Book Description
Monograph on the economics of income distribution, with particular reference to economic theory - discusses various theories (smith, ricardian, marxian, neo-classical, keynesian) in relation to cyclical behaviour of production functions, investment output ratios, saving trends, market structure and degree of monopoly, etc. Graphs and references.
Author: Athanasios Asimakopulos Publisher: Springer Science & Business Media ISBN: 9400926618 Category : Business & Economics Languages : en Pages : 258
Book Description
This book brings together the work of scholars who have written for it independent essays in their areas of particular expertise in the general field of income distribution. The first eight chapters provide a review of the major theories of income distribution, while the final two are con cerned with problems of empirical estimates and inferences. One of these chapters presents estimates of factor shares in national income in the United States, the United Kingdom and Canada, while the other ex amines how relationships between the size distribution of income and economic development are being investigated. A convenient way of conveying an understanding of how economic theorists have dealt with the distribution of income is to examine separ ately each major approach to this subject. Each contributor was thus assigned a particular approach, or a major theorist. No attempt was made to avoid the apparent duplication that occurs when the same references are examined by different contributors. The reader gains by seeing how the same material can be treated by those looking at it from different perspectives. A chapter each has been devoted to Marx and Marshall.
Author: Russell Rimmer Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 280
Book Description
Income Distribution in a Corporate Economy offers a skilful examination of the influences of financial markets and imperfect competition on the distributive process. Unlike much of the earlier literature, it concentrates upon the short-run, making it suitable for empirical appraisal. After a thorough review of the theoretical and empirical literature of the past 30 years, Russell Rimmer uses a series of models to synthesize results from post Keynesian macroeconomics, investment theory and industrial economics. The final chapters contain an analysis of the short-run effects of changes in pricing strategies and increases in industrial concentration on income shares accruing to households and corporations. By presenting in one place the neo-classical and post Keynesian approaches, the book will serve both as a text and a foundation for future work on distribution. Students new to income distribution will be able to read the text as an introduction to the neoclassical and post Keynesian approaches. A novel contribution is the gathering together of early extensions of post Keynesian theory to the short run, including accounts of attempts to synthesise the major theoretical strands.
Author: Jan Tinbergen Publisher: ISBN: Category : Education Languages : en Pages : 188
Book Description
Monograph synthetising various studies of income distribution analysis and policies - discusses problems relating to reduction of income inequality in developed countries, and presents a new quantitative supply and demand economic theory of distribution using a generalized cobb-douglas production function. Bibliography pp. 159 to 163 and statistical tables.
Author: Enrico Bellino
Author: Enrico Bellino
Author: Enrico Bellino
Author: K. R. Ranadive
Author: Athanasios Asimakopulos
Author: Harold Lydall
Author: Peter M. Gutmann
Author: Peter Gutmann
Author: C. Grootaert
Author: Russell Rimmer
Author: Jan Tinbergen