Revisiting the Cambridge Capital Theory Controversies. A Historical and Analytical Study PDF Download

Author: Andrés Lazzarini
Publisher:
ISBN: 9788896764176
Category : Business & Economics
Languages : en
Pages : 172

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Author: Jack Birner
Publisher:
ISBN: 9781138006614
Category : Business & Economics
Languages : en
Pages : 224

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This book explains the debate over the Cambridge controversies of the 1960s and 1970s. In a compelling and comprehensive argument, Birner discusses the main contributions to the controversy in a series of case studies. He gradually develops a methodological model of idealizations that explains both the progress of the debate and the historical ironies surrounding it.

Author: G. C. Harcourt
Publisher: Cambridge University Press
ISBN: 1009158155
Category : Business & Economics
Languages : en
Pages : 353

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The fiftieth anniversary edition of one of the classic texts to have emerged from the Cambridge Capital Controversy.

Author: G. C. Harcourt
Publisher: Cambridge University Press
ISBN: 9780521082945
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
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.

Author: Stilwell, Frank
Publisher: Edward Elgar Publishing
ISBN: 1789909066
Category : Business & Economics
Languages : en
Pages : 520

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This Research Handbook advances entrepreneurship theory in new ways by integrating and contributing to contemporary theories of practice. Leading theorists and entrepreneurship experts, who are part of the growing Entrepreneurship as Practice (EaP) research community, expertly propose methodologies, theories and empirical insights into the constitution and consequences of entrepreneuring practices.

Author: T. Shenk
Publisher: Springer
ISBN: 1137297026
Category : Political Science
Languages : en
Pages : 324

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This book explores the life of the man whom even his critics acknowledged was one of the world's most significant Communist economists. From his outpost at the University of Cambridge, where he was a protégé of John Maynard Keynes and mentor to students, Dobb made himself into one of British communism's premier intellectuals.

Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 371

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Book Description
What is Cambridge Capital Controversy In economics, the Cambridge capital controversy, sometimes known as "the capital controversy" or "the two Cambridges debate," was a dispute that began in the 1950s and continued far into the 1960s. It was a disagreement between proponents of two different theoretical and mathematical perspectives in economics. The nature and function of capital goods, as well as a critique of the neoclassical perspective on aggregate output and distribution, were the topics of discussion during the debate. A significant portion of the debate took place between economists such as Joan Robinson and Piero Sraffa at the University of Cambridge in England and economists such as Paul Samuelson and Robert Solow at the Massachusetts Institute of Technology in Cambridge, Massachusetts, United States. The name of the controversy originates from the location of the principals who were involved in the controversy. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Cambridge capital controversy Chapter 2: David Ricardo Chapter 3: Factors of production Chapter 4: Macroeconomics Chapter 5: Neoclassical economics Chapter 6: Piero Sraffa Chapter 7: Nicholas Kaldor Chapter 8: Classical economics Chapter 9: Production function Chapter 10: Solow-Swan model Chapter 11: Harrod-Domar model Chapter 12: Heterodox economics Chapter 13: Economic problem Chapter 14: Long run and short run Chapter 15: Evsey Domar Chapter 16: Nobuo Okishio Chapter 17: Neoclassical synthesis Chapter 18: New classical macroeconomics Chapter 19: Luigi Pasinetti Chapter 20: History of macroeconomic thought Chapter 21: Anwar Shaikh (economist) (II) Answering the public top questions about cambridge capital controversy. (III) Real world examples for the usage of cambridge capital controversy in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Cambridge Capital Controversy.

Author: Lefteris Tsoulfidis
Publisher: Routledge
ISBN: 1351239406
Category : Business & Economics
Languages : en
Pages : 239

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In recent years, there have been a number of new developments in what came to be known as the "Capital Theory Debates". The debates took place mainly during the 1960s as a result of Piero Sraffa's critique of the neoclassical theory according to which the prices of factors of production directly depend on their relative scarcities. Sraffa showed that when income distribution changes, there are many complexities developed within the economic system impacting on prices in ways which are not possible to predict. These debates were revisited in the 1980s and again more recently, along with a parallel literature that has developed among neoclassical economists and has also looked at the impact of shocks on an economy. This book summarizes the debates and issues around the theory of capital and brings to the fore the more recent developments. It also pinpoints the similarities and differences between the various approaches and critically evaluates them in light of available empirical evidence. The focus of the book is on the price trajectories induced by changes in income distribution and the resulting shape of the wage rates of profit curves and frontier. These issues are central to areas such as microeconomics, international trade, growth, technological change and macro stability analysis. Each chapter starts with the theoretical issues involved, followed by their formalization and subsequently with their operationalization. More specifically, the variables of the classical theory of value and distribution are rigorously defined and quantified using actual input–output data from a number of major economies, but mainly from the USA, over long stretches of time. The empirical results are not only consistent with the anticipations of the theory but also further inform and therefore strengthen its predictive content raising new significant questions.

Author: Jamee K. Moudud
Publisher: Routledge
ISBN: 1136241159
Category : Business & Economics
Languages : en
Pages : 362

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Book Description
The history of policymaking has been dominated by two rival assumptions about markets. Those who have advocated Keynesian-type policies have generally based their arguments on the claim that markets are imperfectly competitive. On the other hand laissez faire advocates have argued the opposite by claiming that in fact free market policies will eliminate "market imperfections" and reinvigorate perfect competition. The goal of this book is to enter into this important debate by raising critical questions about the nature of market competition. Drawing on the insights of the classical political economists, Schumpeter, Hayek, the Oxford Economists’ Research Group (OERG) and others, the authors in this book challenge this perfect versus imperfect competition dichotomy in both theoretical and empirical terms. There are important differences between the theoretical perspectives of several authors in the broad alternative theoretical tradition defined by this book; nevertheless, a unifying theme throughout this volume is that competition is conceptualized as a dynamic disequilibrium process rather than the static equilibrium state of conventional theory. For almost all the others the growth of firm is consistent with a heightened degree of competitiveness, as both Marx and Schumpeter emphasized, and not a lowered one as in the conventional 'monopoly capital' view.

Author: Laurent Baronian
Publisher: Routledge
ISBN: 1135043779
Category : Business & Economics
Languages : en
Pages : 254

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From his early economic works on, Marx conceived the labour of any kind of society as a set of production activities and analysed the historical modes of production as specific ways of distributing and exchanging these activities. Political economy on the contrary considers the labour only under the form of its product, and the exchange of products as commodities as the unique form of social labour exchange. For Marx, insofar as the labour creating value represents a specific mode of exchanging the society's living labour, general and abstract labour cannot not only be defined as the substance or measure unit of the commodity, as in Smith or Ricardo, but foremost as an expense of living labour, i.e. of nerves, muscles, brain, etc. Hence the twofold nature of living labour, as a concrete activity producing a use value and an expense of human labour in general producing exchange value. Marx himself claimed that this twofold nature of labour creating value was its main and most important contribution to economic science. This book aims at showing how both determines the original categories and economic laws in Capital and constitutes the profound innerspring of Marx's critique of political economy. The role and function of living labour is highlighted by dealing with the difference between Marx and Classics' theories of labour value; money and the problems of its integration in economic analysis, especially in Keynes; the transition from feudalism to capitalism; the theory of capital through a discussion on the Cambridge controversy and the transformation problem; the labour process and the principles of labour management; unemployment and overpopulation; the formulas of capital in the history of economic thought; finally, an interpretation of the current crisis based on Marx's conception of overaccumulation and speculation after having distinguished it from underconsumption and stagnation theories of crises.