Some Cambridge Controversies in the Theory of Capital PDF Download

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

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

Author: John Eatwell
Publisher: Springer
ISBN: 1349208612
Category : Business & Economics
Languages : en
Pages : 287

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Book Description
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of capital theory.

Author: Jonathan Nitzan
Publisher: Routledge
ISBN: 1134022298
Category : Political Science
Languages : en
Pages : 853

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Book Description
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.

Author: Philip Arestis
Publisher: Routledge
ISBN: 1134784244
Category : Business & Economics
Languages : en
Pages : 604

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Book Description
In this volume more than 40 leading economists pay tribute to, and critically evaluate, Geoff Harcourt's work. Contributors include Tony Atkinson, Tony Lawson, Edward Nell and Ian Steedman.

Author: G. C. Harcourt
Publisher: Routledge
ISBN: 1136516468
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
The essays in this volume present a comprehensive view of modern economics. They range from technical papers on a specific issue, such as that devoted to a critique of Kaldor's model of income distribution, through evaluation of a wide-ranging literature, with special emphasis on the Cambridge controversies in the theory of capital. * Intellectual portraits of Eric Russell, Joan Robinson and Lorie Tarshis are also included. * The concluding essay 'The Social Science Imperialists' gives an overview of the issues and trends that have dominated economics in recent years.

Author: Lefteris Tsoulfidis
Publisher: Springer Science & Business Media
ISBN: 3540926933
Category : Business & Economics
Languages : en
Pages : 389

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Book Description
1. 1 Introduction This book was born out of our reaction to the way in which the usual texts cover the subject of the history of economic thought. In most of these texts, there is a tendency to emphasize the similarities and differences between all the important economists and form a repository of encyclopedic knowledge where one can study the seemingly important economic ideas. In this book, we argue that it is much more fruitful to focus on the essential ideas of each and every school of economic thought and relate them to present-day problems, than to engage into a sterile discussion of the ideas and the lives of the great economists of the past. Thus, although this book deals with the history of economic thought, it does not necessarily follow a historic (in the sense of the order of presentation) approach, but rather a logical one, that is to say it deals with the social conditions associated with the emergence of a school of economic thought, its evolution, and its contemporary in?uence. One cannot write a book on the history of economic thought without writing separate chapters on the major economists of the past, that is, Adam Smith, David Ricardo, Karl Marx, and J. M. Keynes. Of course these economists formed schools of economic thought, that is, the classical and the Keynesian.

Author: Fabio Petri
Publisher: Edward Elgar Publishing
ISBN: 9781781008300
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
'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.

Author: Syed Ahmad
Publisher: Aldershot, England : E. Elgar
ISBN:
Category : Business & Economics
Languages : en
Pages : 522

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Book Description
This major book presents a comprehensive treatment of modern capital theory. It brings together in a balanced and systematic way, the various approaches to capital theory which have emerged or re-emerged in the most recent controversies on the subject. The book focuses on the main approaches namely simple neoclassical, neo-Austrian, Cambridge and disaggregative intertemporal. In conclusion, the book introduces and applies chaos theory with an assessment of its potential for the future development of the subject.

Author: Samuel Hollander
Publisher: University of Toronto Press
ISBN: 1487590199
Category : Business & Economics
Languages : en
Pages : 652

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Book Description
The renewed interest in the works of the great classical economists reflects in part a recognition that there is still much to be learned from them about the operation of the economy. This volume is the first in a series of four in which Professor Hollander will provide an analytical and critical assessment of the thought of the British school of classical economists; later volumes will elucidate the thought of Ricardo and Malthus, Mill, and Marx. This study relates Smith's theoretical position to contemporary history and economic practice. It pays particular attention to Smith's vision of the process of industrialization during the mid-eighteenth century, his approach to British colonial policies, and his view of the desirability of economic development. Coming in time for the bicentennial celebrations of The Wealth of Nations, this work should interest all economists with a sense of the evolution and purpose of their discipline, and should commend itself as a detailed and careful reinterpretation of what Adam Smith was thinking about. One authoritative reader has called it: 'one of the most distinguished essays in the history of economic thought of the last quarter century.' (Studies in Classical Political Economy)