Comparison Of Capitalist Dynamics In Marx And Schumpeter

Author : Scott Paul
Publisher : GRIN Verlag
Page : 8 pages
File Size : 43,9 Mb
Release : 2006-09-04
Category : Social Science
ISBN : 9783638541022

Get Book

Comparison of Capitalist Dynamics in Marx and Schumpeter by Scott Paul Pdf

Seminar paper from the year 2006 in the subject Business economics - Economic and Social History, grade: A, McGill University, 0 entries in the bibliography, language: English, abstract: Joseph Schumpeter was born the same year Karl Marx died. One might say Schumpeter was destined to follow in Marx’s footsteps. Marx had involved himself in the study of Capitalism and became a great source of influence for Schumpeter who elaborated on his theories. An essential part of their study was devoted to Capitalist Dynamics. Their views on the subject show fundamental similarities but demonstrate several differences as well, which are explained in part by their different experience of economic history. This paper will focus on comparing and contrasting the capitalist dynamics of Karl Marx and Joseph Schumpeter, their theories on what Capitalism is driven by and how it evolves. As a starting point, it is interesting to distinguish Marx’s and Schumpeter’s opposed feeling of Capitalism. Marx studied the laws of motion of Capitalism because he was concerned about the exploitation of workers and thus was against Capitalism. Schumpeter, on the other side, approved of Capitalism and considered free market Capitalism the “best economic system”. Marx believes that unemployment will increase as workers are replaced by machines and that Capitalism impoverishes the masses. On the other side, Schumpeter believes that Capitalism can ameliorate the conditions of the workers: “The capitalist process, not by coincidence but by virtue of its mechanism, progressively raises the standard of life of the masses. It does so through a sequence of vicissitudes, the severity of which is proportional to the speed of the advance. But it does so effectively.” Karl Marx, however, was not completely against Capitalism as it “rescued a considerable part of the population from the idiocy of rural life”.

Author : Peter Flaschel
Publisher : Springer Science & Business Media
Page : 402 pages
File Size : 48,5 Mb
Release : 2008-12-11
Category : Business & Economics
ISBN : 9783540879329

Get Book

The Macrodynamics of Capitalism by Peter Flaschel Pdf

This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.

Author : Krishna Bharadwaj,Sudipta Kaviraj
Publisher : SAGE Publications Pvt. Limited
Page : 280 pages
File Size : 53,5 Mb
Release : 1989-12-08
Category : Business & Economics
ISBN : STANFORD:36105034247499

Get Book

Perspectives on Capitalism by Krishna Bharadwaj,Sudipta Kaviraj Pdf

A collection of papers which were presented at a conference entitled "Capitalism", held by the Indian Council of Social Science Research in 1983. They cover the influence of the thoughts and ideas of Marx, Keynes, Schumpter, Weber and Gramsci upon our perceptions of social realities.

Author : Joseph Alois Schumpeter
Publisher : Unknown
Page : 460 pages
File Size : 44,6 Mb
Release : 1976
Category : Political Science
ISBN : UOM:39015007039053

Get Book

Capitalism, Socialism, and Democracy by Joseph Alois Schumpeter Pdf

Capitalism, Socialism and Democracy remains one of the greatest works of social theory written this century. When it first appeared the New English Weekly predicted that for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated. Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.

Author : Tom Bottomore
Publisher : Unknown
Page : 97 pages
File Size : 46,6 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780415578943

Get Book

Theories of Modern Capitalism by Tom Bottomore Pdf

First published in 1985, Theories of Modern Capitalism provides a succinct study of Marxist and non-Marxist theories of Capitalism, its recent development, and the prospects of a transition to socialism. The study begins with a critical examination and comparison of four major theories of capitalism, in the works of Marx, Weber, Schumpeter and Hayek. This is followed by an analysis of the most recent phase of capitalism which has been conceptualised by Marxists thinkers in various ways as 'organised capitalism'', 'state monopoly', or 'late capitalism'. Finally, Bottomore considers the question of a 'transition to socialism' in the diverse interpretations which have been offered by Marxists on one side, and by Weber, Schumpeter and Hayek on the other. Theories of Modern Capitalism will be valuable in a wide range of courses in social and political theory, and will also have an appeal to a broader readership concerned with issues of social and economic policy.

Author : Suzanne Wiggins Helburn,David F. Bramhall
Publisher : Armonk, N.Y. : M.E. Sharpe
Page : 368 pages
File Size : 44,9 Mb
Release : 1986
Category : Biography & Autobiography
ISBN : STANFORD:36105038193582

Get Book

Marx, Schumpeter, and Keynes by Suzanne Wiggins Helburn,David F. Bramhall Pdf

Author : Joseph A. Schumpeter
Publisher : HarperCollins Publishers
Page : 130 pages
File Size : 48,5 Mb
Release : 1978
Category : Business & Economics
ISBN : UOM:39015001162125

Get Book

Can Capitalism Survive? by Joseph A. Schumpeter Pdf

This book was originally published as Part II of Capitalism, socialism and democracy.

Author : Joseph A. Schumpeter
Publisher : New York : Oxford University Press
Page : 360 pages
File Size : 48,8 Mb
Release : 1951
Category : Economics
ISBN : STANFORD:36105001915615

Get Book

Ten Great Economists by Joseph A. Schumpeter Pdf

Bibliographical footnotes. Foreword, by E.B. Schumpeter.--Karl Marx.--Marie Esprit Leon Walras.--Carl Menger.--Alfred Marshall.--Vilfredo Pareto.--Eugen von Böhm-Bawerk.--Frank William Taussig.--Irving Fisher.--Wesley Clair Mitchell.--John Maynard Keynes.--Appendix: G.F. Knapp. Friedrich von Wiser. Ladislaus von Bortkiewicz.

Author : Thomas K. McCraw
Publisher : Harvard University Press
Page : 734 pages
File Size : 50,6 Mb
Release : 2010-03-30
Category : Biography & Autobiography
ISBN : 9780674736962

Get Book

Prophet of Innovation by Thomas K. McCraw Pdf

Pan Am, Gimbel’s, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland—all once as strong as dinosaurs, all now just as extinct. Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. “Creative destruction,” he said, is the driving force of capitalism. Described by John Kenneth Galbraith as “the most sophisticated conservative” of the twentieth century, Schumpeter made his mark as the prophet of incessant change. His vision was stark: Nearly all businesses fail, victims of innovation by their competitors. Businesspeople ignore this lesson at their peril—to survive, they must be entrepreneurial and think strategically. Yet in Schumpeter’s view, the general prosperity produced by the “capitalist engine” far outweighs the wreckage it leaves behind. During a tumultuous life spanning two world wars, the Great Depression, and the early Cold War, Schumpeter reinvented himself many times. From boy wonder in turn-of-the-century Vienna to captivating Harvard professor, he was stalked by tragedy and haunted by the specter of his rival, John Maynard Keynes. By 1983—the centennial of the birth of both men—Forbes christened Schumpeter, not Keynes, the best navigator through the turbulent seas of globalization. Time has proved that assessment accurate. Prophet of Innovation is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own. Without them, he would likely have perished, so fierce were the conflicts between his reason and his emotions. Drawing on all of Schumpeter’s writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world’s greatest economist, lover, and horseman—and admitted to failure only with the horses.

Author : Joseph A. Schumpeter
Publisher : Harper Collins
Page : 451 pages
File Size : 42,8 Mb
Release : 1950
Category : Business & Economics
ISBN : 9780061330087

Get Book

Capitalism, Socialism, and Democracy by Joseph A. Schumpeter Pdf

Capitalism, Socialism and Democracy remains one of the greatest works of social theory written this century. When it first appeared the New English Weekly predicted that for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated. Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.

Author : Peter Flaschel
Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Page : 412 pages
File Size : 50,5 Mb
Release : 1993
Category : Business & Economics
ISBN : UIUC:30112057905231

Get Book

Macrodynamics by Peter Flaschel Pdf

This book on macrodynamic theories of growth, (in-)stability and cycles shows that the debate between Keynesians, Monetarists and New Classical economists can be reformulated from the perspective of a further and quite different approach to macroeconomic model building. Basis of this reformulation is the growth cycle model of Goodwin which is extended in various ways in the pursuit of this aim. Besides this central theme, the book also introduces into Keynesian, Marxian and Neoclassical models of short-, medium- and long-run macroeconomics in its part I, II. Models which synthesize these approaches and which thus provide a (deterministic) framework for the investigation of the adequateness of the various explanations of cyclical growth and inflation are considered in part III.

Author : Henryk Grossman
Publisher : BRILL
Page : 706 pages
File Size : 48,6 Mb
Release : 2018-11-26
Category : Political Science
ISBN : 9789004384750

Get Book

Henryk Grossman Works, Volume 1 by Henryk Grossman Pdf

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.

Author : Alfredo Saad Filho
Publisher : Routledge
Page : 190 pages
File Size : 41,9 Mb
Release : 2001-11-29
Category : Business & Economics
ISBN : 9781134566976

Get Book

The Value of Marx by Alfredo Saad Filho Pdf

This book constitutes an overview of recent developments in political economy in general, and Marxist value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored.

Author : János Kornai
Publisher : Oxford University Press
Page : 206 pages
File Size : 48,7 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780199334766

Get Book

Dynamism, Rivalry, and the Surplus Economy by János Kornai Pdf

In this book, János Kornai examines capitalism as an economic system and in comparison to socialism. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.

Author : Anatoliy Zhelezniak
Publisher : Cambridge Scholars Publishing
Page : 180 pages
File Size : 43,7 Mb
Release : 2021-11-12
Category : Business & Economics
ISBN : 9781527577374

Get Book

A New Theory of Market and Capitalism by Anatoliy Zhelezniak Pdf

This book presents a new theory of market and capitalism, detailing its key moments and general logic. It is based on the distinction between two market types: the simple commodity market and the capitalist one. In contrast to what is usually uncritically accepted, disequilibrium and “imperfect competition” are admitted here to be a functional norm of the capitalist market. The book also shows that equilibrium and “perfect competition” are admitted to be a functional anomaly, with crises considered as the result of such an anomaly. It details the general principles and concrete measures of crisis-proof policies and behavior.