Interest And Profit In The Theories Of Value And Distribution

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Adam Smith’s Theory of Value and Distribution

Author : Rory O'Donnell
Publisher : Springer
Page : 288 pages
File Size : 55,7 Mb
Release : 2016-02-05
Category : Business & Economics
ISBN : 9781349109081

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Adam Smith’s Theory of Value and Distribution by Rory O'Donnell Pdf

This book looks at the value and distribution debates on the theories of Adam Smith. A variety of the aspects of his work are covered in this book such as his labour command measure, as are a number of interpretations and criticisms.

The Theory of Value and Distribution in Economics

Author : Pierangelo Garegnani,Paul Samuelson
Publisher : Routledge
Page : 161 pages
File Size : 41,9 Mb
Release : 2012-08-21
Category : Business & Economics
ISBN : 9781136244810

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The Theory of Value and Distribution in Economics by Pierangelo Garegnani,Paul Samuelson Pdf

This new volume explores two alternative economic theories – the classical theory and the marginalist or neoclassical theory- through a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson. The key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a ‘classical’ approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani argues for the validity of Piero Sraffa’s position on this issue, whilst the late noble laureate Paul Samuelson vehemently contests it. At a time of economic crisis, the future of the discipline is far from certain, and so it is extremely important to bring these debates back into the light, by reproducing them together for the first time. A comprehensive introduction by Heinz Kurz sets the debate in this context, and provides crucial background to the arguments.

Theories of Value and Distribution Since Adam Smith

Author : Maurice Dobb
Publisher : Cambridge University Press
Page : 308 pages
File Size : 54,6 Mb
Release : 1975-04-17
Category : Business & Economics
ISBN : 0521099366

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Theories of Value and Distribution Since Adam Smith by Maurice Dobb Pdf

Mr Dobb examines the history of economic thought in the light of the modern controversy over capital theory and, more particularly, the appearance of Sraffa's book The Production of Commodities by Means of Commodities, which was a watershed in the critical discussions constituted a crucial turning-point in the history of economics: an estimate not unconnected with his reinterpretation of nineteenth-century economic thought as consisting of two streams or traditions commonly confused under the generic title of 'the classical tradition' against which Jevons so strongly reacted.

Profit and Wages

Author : Gustav Adolph Kleene
Publisher : Unknown
Page : 192 pages
File Size : 42,6 Mb
Release : 1916
Category : Economics
ISBN : UCAL:$B236863

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Profit and Wages by Gustav Adolph Kleene Pdf

Value and Distribution

Author : Charles William Macfarlane
Publisher : Unknown
Page : 340 pages
File Size : 50,9 Mb
Release : 1898
Category : Economics
ISBN : UCAL:$B87798

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Value and Distribution by Charles William Macfarlane Pdf

The Distribution of Wealth

Author : John Bates Clark
Publisher : Cosimo, Inc.
Page : 477 pages
File Size : 46,9 Mb
Release : 2005-09-01
Category : Business & Economics
ISBN : 9781596052529

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The Distribution of Wealth by John Bates Clark Pdf

What would be the rate of wages, if labor and capital were to remain fixed in quantity, if improvements in the mode of production were to stop, if the consolidating of capital were to cease and if the wants of consumers were never to alter? The question assumes, of course, that industry shall go on, and that, notwithstanding a paralysis of the forces of progress, wealth shall continue to be created under the influence of a perfectly unobstructed competition. -from the Preface John Bates Clark was the first American economist with an international reputation-this revolutionary 1899 work is what brought him that distinction. In clear, lucid language that makes his economic philosophy so plain we take it for granted today, Clark lays out his Marginal Productivity Theory of Distribution, a rebuttal to Marx and an apologetic for capitalism. Insisting that in a competitive market economy, all work is fully and fairly recompensed and all labor and capital are, in a very real sense, equal components, Clark shattered then widely held theories of economics with his groundbreaking thesis. And his work continues to influence the global financial situation today. American economist JOHN BATES CLARK (1847-1938), who also wrote the significant The Philosophy of Wealth (1885), was professor of political economy at Columbia University and one of the founders of the American Economic Association. The prestigious John Bates Clark Medal for economic thought is named for him.

Keynes's Economics and the Theory of Value and Distribution

Author : John Eatwell,Murray Milgate
Publisher : Bloomsbury Academic
Page : 308 pages
File Size : 52,7 Mb
Release : 1983
Category : Business & Economics
ISBN : STANFORD:36105037525594

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Keynes's Economics and the Theory of Value and Distribution by John Eatwell,Murray Milgate Pdf

Ricardo and the Theory of Value Distribution and Growth

Author : Giovanni A. Caravale,Domenico A. Tosato
Publisher : Routledge
Page : 280 pages
File Size : 52,5 Mb
Release : 2013-04-15
Category : Business & Economics
ISBN : 9781135033378

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Ricardo and the Theory of Value Distribution and Growth by Giovanni A. Caravale,Domenico A. Tosato Pdf

The book presents a rigorous reconstruction of Ricardo's contribution to economic theory and a unifying interpretation of the key issues of Ricardo's research. Part One deals primarily with the problems of value and distribution Part Two deals specifically with the issues of distribution and growth. * Contemporary economic literature in the fields of value, distribution and growth is witnessing a renewed interest in the approach of the classical school, notably in the work of David Ricardo.

Themes in Value and Distribution

Author : Krishna Bharadwaj
Publisher : Routledge
Page : 522 pages
File Size : 50,9 Mb
Release : 2017-01-20
Category : Business & Economics
ISBN : 9781315385846

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Themes in Value and Distribution by Krishna Bharadwaj Pdf

The essays in this volume, first published in 1989, seek to re-examine an important area of economic theory: value and distribution. In a sustained and analytical critique, two principle methodological approaches are compared and distinguished: the Classical or ‘surplus-based’ theories and the demand-and-supply-based equilibrium (DSE) theories. Although the essays are primarily concerned with value and distribution, the critique necessarily extends to the theory of output and employment, and in general, to the theory of trade and accumulation. The book will be an invaluable reader for students of economic thought, capital theory and Marxian political economy.

Production and Distribution Theories

Author : George Joseph Stigler
Publisher : Transaction Publishers
Page : 408 pages
File Size : 41,8 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 1412831997

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Production and Distribution Theories by George Joseph Stigler Pdf

Production and Distribution Theories became a landmark in the study of economics when it was published in 1941. Nobel Laureate Stigler's book was the first to trace the development of theories alongside the history of economic thought. Stigler's pioneering effort remains a classic work on the evolution of distribution theory during a critical juncture in the development of modern industrial capitalism. Stigler examines the writings of major economists during the century, including William Stanley Jevons, Phillip Wicksteed, Alfred Marshall, F.Y. Edgeworth, and Leon Walras. He uses their works in order to show a variety of perspectives on distribution theory. Among the methods of thought he explores are neoclassical price theory and marginal productivity theory. In the new introduction, Douglas Irwin illustrates how this book came into being and notes its continuing significance to the study of economics. Joseph Schumpeter commented in his History of Economic Analysis that "this excellent work by a competent theorist is perhaps the best survey in existence of the theoretical work of that period's leaders and is strongly recommended." This judgment still stands. The book will be of great interest to those interested not only in neoclassical economics, but also in the sources of Stigler's economic thought.

Profit Theory and Capitalism

Author : Mark Obrinsky
Publisher : University of Pennsylvania Press
Page : 190 pages
File Size : 53,9 Mb
Release : 2015-10-12
Category : Business & Economics
ISBN : 9780812292565

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Profit Theory and Capitalism by Mark Obrinsky Pdf

The pursuit of profit by business motivates the capitalist economic system. Understanding profits, therefore, especially the source of profits, is essential to an understanding of capitalism. Mark Obrinsky claims that there has never been an adequate profit theory in mainstream economics. To find the source of profits, he argues, one needs to look beyond ownership of the productive factors of land, labor, and capital. Profit Theory and Capitalism makes a sharply reasoned and accessible contribution to critical theory, the history of economic thought, and post-Keynesian theory. Its insights will be of value to all students and theorists working in the area of income distribution.

Theories of Income Distribution

Author : Athanasios Asimakopulos
Publisher : Springer Science & Business Media
Page : 258 pages
File Size : 51,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400926615

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Theories of Income Distribution by Athanasios Asimakopulos Pdf

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.

The Distribution of Wealth; a Theory of Wages, Interest and Profit

Author : John Bates Clark
Publisher : Legare Street Press
Page : 0 pages
File Size : 55,6 Mb
Release : 2023-07-18
Category : Electronic
ISBN : 1019968761

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The Distribution of Wealth; a Theory of Wages, Interest and Profit by John Bates Clark Pdf

In this classic work, Clark presents his theory of marginal productivity, which explains how the value of goods is determined, and how wages, profits, and interest rates are established in a market economy. Written in clear, accessible language, this book remains a foundational text in economics over 100 years after its initial publication. 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. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.