The Macrodynamics Of Capitalism

Author : Peter Flaschel
Publisher : Springer Science & Business Media
Page : 402 pages
File Size : 47,7 Mb
Release : 2008-12-11
Category : Business & Economics
ISBN : 9783540879329

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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 : Alfred S. Eicher
Publisher : Routledge
Page : 835 pages
File Size : 53,6 Mb
Release : 2019-07-12
Category : Business & Economics
ISBN : 9781315491950

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The Macrodynamics of Advanced Market Economics by Alfred S. Eicher Pdf

This volume examines the macrodynamic behaviour of advanced economies with social institutions similar to those of the United States and other members of the Organization of Economic Cooperation and Development. It is a critique of, and provides alternative models to, conventional neoclassical theory. The principles developed are used to explain two major phenomena in economic life: the nation's secular growth rate and the cyclical deviations around that growth. These interdependent movements of trend and cycle constitute the economy's macrodynamic behaviour. Eichner uses a systems framework for integrating four distinct institutional dimensions in society - the normative, the political, the economic, and the anthropogenic. This book, by one of the leading proponents of Post-Keynesian economics, is the culmination of over 13 years of scholarly work. The author's untimely death in February 1988 prevented the final revisions of his manuscript. The book should prove an essential addition to the library of scholars and students of economics both within and outside the Post-Keynesian tradition.

Author : Alfred S. Eichner
Publisher : Unknown
Page : 128 pages
File Size : 46,7 Mb
Release : 1991
Category : Capitalism
ISBN : 1315491974

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The Macrodynamics of Advanced Market Economies by Alfred S. Eichner Pdf

Author : D. Laibman
Publisher : Palgrave Macmillan
Page : 143 pages
File Size : 42,8 Mb
Release : 1997-07-14
Category : Business & Economics
ISBN : 0333682904

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Capitalist Macrodynamics by D. Laibman Pdf

The Marxist theory of capitalist growth and transformation has often been shrouded in obscurity, either by endless recapitulation of Marx's texts or by excessive use of mathematical formalism. This short book presents an integrated and rigorous view of capitalist development - technical change, class relations, trends in the profit rate and share, cyclical and long-term crisis - in a form that is accessible to serious readers with or without prior training in economics or familiarity with Marxist thought.

Author : David Laibman
Publisher : Unknown
Page : 143 pages
File Size : 52,6 Mb
Release : 1997
Category : Capitalism
ISBN : 0333682912

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Capitalist Macrodynamics by David Laibman Pdf

The Marxist theory of capitalist growth and transformation has often been shrouded in obscurity, either by endless recapitulation of Marx's texts or by excessive use of mathematical formalism. This short book presents an integrated and rigorous view of capitalist development - technical change, class relations, trends in the profit rate and share, cyclical and long-term crisis - in a form that is accessible to serious readers with or without prior training in economics or familiarity with Marxist thought.

Author : Masao Ishikura,Seongjin Jeong,Minqi Li
Publisher : Emerald Group Publishing
Page : 329 pages
File Size : 44,6 Mb
Release : 2017-08-21
Category : Political Science
ISBN : 9781787144781

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Return of Marxian Macro-dynamics in East Asia by Masao Ishikura,Seongjin Jeong,Minqi Li Pdf

This important and timely volume brings together experts in political economy from across the globe, to comment on the return of Marxian macro-dynamics in East Asia. The contributions explore macro-dynamics, the role of the state and hegemony in the context of transnational capitalism, and Marxian alternatives for East Asia.

Author : Anwar Shaikh
Publisher : Oxford University Press
Page : 896 pages
File Size : 41,6 Mb
Release : 2016-01-15
Category : Business & Economics
ISBN : 9780199390656

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Capitalism by Anwar Shaikh Pdf

Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.

Author : Richard M. Goodwin,Lionel F. Punzo
Publisher : Routledge
Page : 402 pages
File Size : 47,5 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9781000244137

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The Dynamics Of A Capitalist Economy by Richard M. Goodwin,Lionel F. Punzo Pdf

In this book Professor Goodwin eschewing fine-scale minutiae or classical mechanics, has addressed the big picture. His work deals with the great issues of: the class struggle a Ia Karl Marx; predator prey dramas of the Lotka- Volterra type; von Neumann's magisterial model of autonomous growth; Harrodian and Sraffian developments of Keynesian systems in their input-output aspects (or accelerator-multiplier aspects). Professor Lionello Punzo of a postwar generation provides additional chapters of multi-sector dynamics, working from and going beyond the aggregate models of Harrod, Domar, and Solow.

Author : Peter Flaschel
Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Page : 412 pages
File Size : 53,7 Mb
Release : 1993
Category : Business & Economics
ISBN : UIUC:30112057905231

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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 : Richard Westra
Publisher : Springer
Page : 270 pages
File Size : 44,8 Mb
Release : 2019-05-15
Category : Business & Economics
ISBN : 9783030143909

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Periodizing Capitalism and Capitalist Extinction by Richard Westra Pdf

This book offers the first systematic exposition and critique of the major approaches to periodizing capitalism, bringing to bear both deep rooted theoretical questions and meticulous empirical analysis to grapple with the seismic economic changes capitalism has experienced over the past 150 years. Westra asks why – despite the anarchic and crises tendencies captured in radical analyses – capitalism manages to reload in a structured stage that realizes a period of relatively stable accumulation. He further evaluates arguments over the economic forces bringing stages of capitalist development to a crashing end. Particular attention in the periodization literature is devoted to examining the economy of the post World War II golden age and what followed its unceremonious demise. The final chapters assess whether what is variously dubbed neoliberalism, globalization or financialization can be understood as a stage of capitalism or, rather, an era of capitalist disintegration and extinction.

Author : Riccardo Bellofiore,Piero Ferri
Publisher : Edward Elgar Publishing
Page : 223 pages
File Size : 45,6 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 9781781009758

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Financial Fragility and Investment in the Capitalist Economy by Riccardo Bellofiore,Piero Ferri Pdf

Hyman Minsky is renowned for his theoretical and empirical investigation of the capitalist economy. In this book, a distinguished group of contributors provides an authoritative account of his contribution to the analysis of capitalism and, more particularly, to the fields of monetary and post Keynesian economics. The authors first provide an introduction to Hyman Minsky's economic legacy before going on to discuss his role in analysing the macroeconomy, monetary policy and instability. In detail, they consider the structural instability of a sophisticated market economy, the NAIRU, Minsky's financial fragility hypothesis, his business cycle theory, his investment theory and debt inflation.

Author : Lefteris Tsoulfidis,Persefoni Tsaliki
Publisher : Springer Nature
Page : 465 pages
File Size : 44,5 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9783030179670

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Classical Political Economics and Modern Capitalism by Lefteris Tsoulfidis,Persefoni Tsaliki Pdf

This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx, while also operationalizing more recent theoretical developments inspired by the works of Sraffa and other modern classical economists, using actual data from major economies. On the basis of this approach, the book subsequently provides alternative explanations for various microeconomic issues such as the determination of equilibrium prices and their movement induced by changes in income distribution; the dynamics of competition of firms within and between industries; the law of tendential equalization of interindustry profit rates; and international exchanges and transfers of value; as well as macroeconomic issues concerning capital accumulation and cyclical economic growth. Given its scope, the book will benefit all researchers, students, and policymakers seeking new explanations for observed phenomena and interested in the mechanisms that give rise to surface economic categories, such as prices, profits, the unemployment rate, interest rates, and long economic cycles.

Author : Hagen M. Krämer,Christian Proaño,Mark R. Setterfield
Publisher : Edward Elgar Publishing
Page : 331 pages
File Size : 49,7 Mb
Release : 2023-12-11
Category : Business & Economics
ISBN : 9781786433077

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Capitalism, Inclusive Growth, and Social Protection by Hagen M. Krämer,Christian Proaño,Mark R. Setterfield Pdf

After more than four decades of real income stagnation, ever-increasing inequality and household financial distress, this book explores how the very fabric of our society is under threat. It argues that although capitalism is imperfect, it can be improved, and harnessing its forces of production to more suitable social relations of production is key to that improvement.

Author : Alberto Fragio
Publisher : Springer Nature
Page : 151 pages
File Size : 41,8 Mb
Release : 2022-03-05
Category : Business & Economics
ISBN : 9783030945862

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Historical Epistemology of Ecological Economics by Alberto Fragio Pdf

This volume uses historical epistemology in order to address several topics in the history of economic thought, with special emphasis on ecological economics, environmental metaphors of scarcity, and mathematical ecology. Using the field of ecological economics as an anchor point, the author reflects on the styles of reasoning in economics with a view towards understanding the nature of disagreement that stems from a failure of communication between rival approaches in economics. A thorough inquiry into issues related to identity, coherence, pluralism, and reception, this volume will appeal to researchers and students interested in history of economic thought, ecological economics, and philosophy of the sciences.

Author : Lorenzo Fusaro,Leinad Johan Alcalá Sandoval
Publisher : Rowman & Littlefield
Page : 273 pages
File Size : 55,5 Mb
Release : 2022-03-28
Category : Political Science
ISBN : 9781793638243

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The General Law of Capitalist Accumulation in Latin America and Beyond by Lorenzo Fusaro,Leinad Johan Alcalá Sandoval Pdf

This edited collection engages with Marx’s General Law of Capitalist Accumulation, examining the relevance and actuality of Marx’s propositions for the analysis of contemporary capitalism in Latin America and beyond. The contributors offer an original and updated interpretation of Marx while also examining important topics in political economy. The contributors bring critical insights into scholarly debates on imperialism, exploitation, labor, and development.