Growth Distribution And Prices

Author : Stephen A. Marglin
Publisher : Harvard University Press
Page : 596 pages
File Size : 44,7 Mb
Release : 1984
Category : Business & Economics
ISBN : 0674364163

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Growth, Distribution, and Prices by Stephen A. Marglin Pdf

What determines the rate of growth, the distribution of income, and the structure of relative prices under capitalism? What, in short, makes capitalist economies tick? This watershed treatise analyzes the answers to these questions provided by three major theoretical traditions: neoclassical, neo-Marxian, and neo-Keynesian. Until now, the mutual criticism exchanged by partisans of the different traditions has focused disproportionately on the logical shortcomings of rival theories, or on such questions as whether or not input-output relationships can be described by a continuous-substitution production function. In this book, these are at best secondary issues. The real distinguishing features of the theories, for Stephen Marglin, are their characterization of labor markets and capital accumulation. For clarity, Marglin first sets out the essential features of each theory in the context of a common production model with a single good and a fixed-coefficient technology. He then formalizes the different theories as alternative ways of closing the model. In subsequent chapters he examines the effects of relaxing key simplifying assumptions, in particular the characterization of technology and the homogeneity of output and capital. And although his primary emphasis is theoretical, he does not ignore the problem of empirically testing the theories. Finally, he synthesizes the insights of the neo-Marxian and neo-Keynesian models into a single model that transcends the shortcomings of each taken separately. Marglin anticipates that partisans of the different traditions will agree on one point: each will allow that the book reveals the shortcomings of the other theories but will insist that it fails utterly to reflect the power and majesty of one's own particular brand of truth. Growth, Distribution, and Prices will be controversial, but it will not be ignored.

Author : Steohen A. Marglin
Publisher : Unknown
Page : 128 pages
File Size : 48,9 Mb
Release : 1980
Category : Electronic
ISBN : OCLC:499448998

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Growth Distribution and Prices by Steohen A. Marglin Pdf

Author : J.A. Kregel
Publisher : Routledge
Page : 233 pages
File Size : 48,5 Mb
Release : 2017-09-05
Category : Business & Economics
ISBN : 9781351494854

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Rate of Profit, Distribution and Growth by J.A. Kregel Pdf

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 : Duncan K. Foley,Thomas R. Michl,Daniele Tavani
Publisher : Unknown
Page : 417 pages
File Size : 53,5 Mb
Release : 2019-02
Category : Economic development
ISBN : 9780674986428

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Growth and Distribution by Duncan K. Foley,Thomas R. Michl,Daniele Tavani Pdf

Authors Foley, Michl, and Tavani offer a major revision of an established textbook on the theory, measurement, and history of economic growth, with new material on climate change, corporate capitalism, and innovation.

Author : Neri Salvadori
Publisher : Edward Elgar Publishing
Page : 458 pages
File Size : 45,6 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 1781008213

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Economic Growth and Distribution by Neri Salvadori Pdf

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; the role on institutions.

Author : Sidney Weintraub
Publisher : Unknown
Page : 123 pages
File Size : 48,7 Mb
Release : 1973
Category : Income
ISBN : OCLC:755184801

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A General Theory of the Price Level, Output, Income Distribution, and Economic Growth by Sidney Weintraub Pdf

Author : Amitava Krishna Dutt
Publisher : CUP Archive
Page : 292 pages
File Size : 54,5 Mb
Release : 1990-07-27
Category : Business & Economics
ISBN : 0521381770

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Growth, Distribution and Uneven Development by Amitava Krishna Dutt Pdf

This book presents an international study of economic growth and income distribution, with a focus on North-South differences. The text discusses the topic from a purely theoretical perspective, comparing the relations between economies by using formal mathematical models. Four well-known approaches are discussed: neoclassical, neo-Marxian, neo-Keynesian and Kalecki-Steindl. Models are developed to highlight and contrast the basic features of these approaches. Subsequent chapters systematically introduce inflation, technological change, sectoral issues, and international trade, building upon these simple one-sector models. This book will be of value to anyone with an interest in areas such as developmental economics, growth, trade and political economy.

Author : Lance Taylor
Publisher : MIT Press
Page : 316 pages
File Size : 47,8 Mb
Release : 1991
Category : Business & Economics
ISBN : 026270045X

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Income Distribution, Inflation, and Growth by Lance Taylor Pdf

Structuralist macroeconomics has emerged recently as the only viable theoretical alternative for economists and practitioners in developing countries. Lance Taylor's innovative work represents a landmark in this field. It codifies a new generation of structuralist macroeconomic models that incorporate the economic power relationships of key institutions and groups, integrates both finance and real macroeconomics, and covers a diverse range of experience in the developing world over the past three decades. In an introduction Taylor explains his methodology, describes assumptions underlying the models used, and reviews theories that relate economic growth and the role of financial assets. He then takes up basic structuralist models of a closed economy and moves on to consider the open economy cases. He incorporates the latest developments in the field (inflation, financial crisis, exchange rate management, increasing returns, and the like) in a treatment that departs substantially from economic orthodoxy. Taylor first addresses the question of how to specify "closure" or define the causal structure of macro models. He also considers how income redistribution influences growth and output and how income redistribution interacts with inflation. Next, an investment-driven non-full employment growth model draws on ideas introduced earlier to illustrate how different sorts of macroeconomic policies affect short-run adjustment and growth prospects over time. Taylor then turns to the problems proposed by economic openness in a stylized semi-industrialized country, starting with international trade. A fix-price/flex-price model is developed, and additional models demonstrate cases of policy relevance as well as interactions between class conflict and growth.

Author : Stanley Bober
Publisher : Routledge
Page : 164 pages
File Size : 47,6 Mb
Release : 2019-07-23
Category : Business & Economics
ISBN : 9781315288833

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Pricing and Growth: Neo-Ricardian Approach by Stanley Bober Pdf

This monograph introduces the student to the neo-Ricardian paradigm in economics. It restores the core of economic reasoning to its classical roots with a focus on production and class distribution, rather than the optimum allocation of scarce resources. As in the neo-Ricardian tradition, the book integrates value theory with growth theory and shows how the accumulation of capital (with its impact on growth and employment) is intertwined with price determination and income distribution. In this perspective, the price setting mechanism is presented within the framework of the "megacorp" world. This leads the author to macroeconomics, the determination of the aggregate price level, and aggregate output. The book discusses basic growth models, savings, and the mechanics of income distribution. The student should be able to gain an understanding of the challenges to contemporary neoclassical economics now taking place. The book is appropriate for courses in price theory and national income.

Author : Nico Heerink
Publisher : Springer Science & Business Media
Page : 404 pages
File Size : 46,8 Mb
Release : 2012-12-06
Category : Political Science
ISBN : 9783642785719

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Population Growth, Income Distribution, and Economic Development by Nico Heerink Pdf

In this book, a model of long-term interrelationships between income distribution, population growth and economic development is developed and estimated from data for 54 countries. The results indicate that a reduction of income inequality leads to lower fertility and mortality, to improvedbasic needs satisfaction, and to lower labour force participation of young and old males and of females in Asia and Africa. The effect of income distribution on saving and consumption is found to be negligible. These outcomes suggest that family planning and health policies in LDCs will show better results when they are supplemented with policies aimed at makingthe poor benefit from economic growth. As regards development policy, the results indicate that a reduction of income inequality does not impair the formation of physical capital, but enhances the formation of human capital and lowers the growth rate of the labour force.

Author : Eckhard Hein
Publisher : Edward Elgar Publishing
Page : 576 pages
File Size : 42,9 Mb
Release : 2014-10-31
Category : Business & Economics
ISBN : 9781783477296

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Distribution and Growth after Keynes by Eckhard Hein Pdf

In the first part of the book, Eckhard Hein presents a comprehensive overview of the main approaches towards distribution and growth including the contributions of Harrod and Domar, old and new neoclassical theories including the fundamental capital co

Author : George Argyrous,Gary Mongiovi
Publisher : Routledge
Page : 414 pages
File Size : 51,6 Mb
Release : 2019-06-21
Category : Business & Economics
ISBN : 9781317469339

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Growth, Distribution and Effective Demand by George Argyrous,Gary Mongiovi Pdf

Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.

Author : Dean Rusk Professor Lyndon B Johnson School of Public Affairs Sidney Weintraub,Sidney Weintraub
Publisher : Unknown
Page : 136 pages
File Size : 53,8 Mb
Release : 2012-06
Category : Electronic
ISBN : 1258401150

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Forecasting the Price Level, Income Distribution, and Economic Growth by Dean Rusk Professor Lyndon B Johnson School of Public Affairs Sidney Weintraub,Sidney Weintraub Pdf

Author : C. J. Bliss
Publisher : Elsevier
Page : 392 pages
File Size : 53,9 Mb
Release : 2014-07-22
Category : Business & Economics
ISBN : 9781483275277

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Capital Theory and the Distribution of Income by C. J. Bliss Pdf

Advanced Textbooks in Economics, Volume 4: Capital Theory and the Distribution of Income focuses on the interconnection of capital theory and the distribution of income, including marginal products, capital, interest rates, and price systems. The book first takes a look at production without capital, equilibrium, prices, and time, and semi-stationary growth, as well as the existence of constant-rate-of-interest price systems. The manuscript then discusses marginal products and capital and the Cambridge model. The text examines the aggregation of miscellaneous objects, production function, linear production model, and efficiency, production prices, and rates of return, as well as prices and efficiency for infinite developments. The manuscript also ponders on investment, structure of interest rates, and disputations. Discussions focus on sets and convex sets, concave functions, and linear and non-linear programming. The publication is a dependable source of data for economists and researchers interested in capital theory and the distribution of income.

Author : Sidney 1914-1983 Weintraub
Publisher : Hassell Street Press
Page : 150 pages
File Size : 50,6 Mb
Release : 2021-09-09
Category : Electronic
ISBN : 1013547438

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Forecasting the Price Level, Income Distribution, and Economic Growth by Sidney 1914-1983 Weintraub Pdf

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.