Capital Theory The Surplus Approach And Effective Demand
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Capital Theory The Surplus Approach And Effective Demand
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Author : Pierangelo Garegnani
language : en
Publisher: Springer
Release Date : 2023-04-21
Capital Theory The Surplus Approach And Effective Demand written by Pierangelo Garegnani and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-21 with Business & Economics categories.
This book presents a representative set of Pierangelo Garegnani’s (1930-2011) works on the theory of value and distribution. It features a selection of essays, chosen by Garegnani himself, concerning central aspects of his work: first and foremost, the continuation and development of Piero Sraffa's effort to elaborate an alternative to the dominance of marginalist thought on the theory of value and distribution. Garegnani articulates and extends Sraffa’s contribution in two directions: the critique of marginalist theory with respect to the treatment of capital, and the reappraisal of the surplus approach to distribution proper to classical political economy. In turn, these two strands of analysis are combined in Garegnani’s project to make the Keynesian principle of effective demand more robust and general by dropping the unnecessary elements of marginalism and linking it to the classical explanation of distribution. This book reveals how Garegnani’s contribution has advanced the degree of theoretical elaboration for several issues that fall within the developmental paths of economic analysis opened by Sraffa and Keynes. It begins with a comprehensive introduction in which Garegnani illustrates the conceptual path that links the contributions presented here. The starting point of this intellectual journey is Garegnani’s previously unpublished doctoral thesis ‘A Problem in the Theory of Distribution from Ricardo to Wicksell,’ prepared at the University of Cambridge under the supervision of Piero Sraffa and Maurice Dobb, which is followed by various essays selected by Garegnani on the critique of marginalist theories, the classical approach to value and distribution, and the role of aggregate demand for the long-run trends of output and capital accumulation. The book is a must-read for all scholars interested in the resumption and development of the classical approach, as well as economic theory in general, and the history of economic thought.
Effective Demand And Income Distribution
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Author : Marc Jarsulic
language : en
Publisher: Routledge
Release Date : 2019-03-06
Effective Demand And Income Distribution written by Marc Jarsulic and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-06 with Political Science categories.
Considering ideas from various economic paradigms, namely post-Keynesian, neo-Ricardian, and neo-Marxian, this book discusses the importance of money to Keynes's analysis of effective demand and income distribution. It also considers the connections between relative prices and income distribution.
Spectral Theory Of Value And Actual Economies
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Author : Theodore Mariolis
language : en
Publisher: Springer Nature
Release Date : 2021-05-29
Spectral Theory Of Value And Actual Economies written by Theodore Mariolis and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-29 with Business & Economics categories.
This book develops a unified treatment of the income distribution–capital–value problems with respect to actual economies, and then gradually turns to the issues of effective demand and capitalist accumulation fluctuations from both political economy and economic policy perspectives. That treatment, on the one hand, places produced means of production, positive profits, and capital accumulation at the centre of the analysis and, on the other hand, is analytically based on the modern control theory. Hence, the authors’ investigation is concerned with input–output representations of actual single and joint production, heterogeneous labour, and open economies; zeroes in on the characteristic value distributions of the system matrices; and, finally, derives meaningful theoretical results consistent with the empirical evidence, and vice versa. The main topics addressed are the uncontrollable/unobservable aspects of the real-world economies, the powerful low-order spectral approximations and reconstructions of the inter-industry structure of production–value–distributive variables relationships, the critical-constructive appraisal of both “mainstream” and “radical” theories of value, the matrix demand multipliers and demand-switching policies in heterogeneous capital worlds, and the circular inter-actions amongst income distribution, effective demand, accumulation, and technical conditions of production. Written on the occasion of the 60th anniversary of the publication of both Piero Sraffa’s Production of Commodities by Means of Commodities and Rudolf E. Kalman’s paper “On the general theory of control systems”, this book provides a consistent and comprehensive framework for theoretical, empirical, and economic policy research.
Value Distribution And Capital
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Author : Gary Mongiovi
language : en
Publisher: Routledge
Release Date : 2005-09-27
Value Distribution And Capital written by Gary Mongiovi and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-27 with Business & Economics categories.
This book explores some of the most important themes in neo-Ricardian economics. It explores the many contributions of Pierangelo Garengnani to modern economics, including his work in capital theory, the theory of effective demand and stability analysis. Contributors include Paul Samuelson, John Eatwell, Murray Milgate, Edward Nell, Alessandro Roncaglia and Ian Steedman.
Profits In Economic Theory
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Author : Michael Charles Howard
language : en
Publisher: London : Macmillan
Release Date : 1983
Profits In Economic Theory written by Michael Charles Howard and has been published by London : Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Business & Economics categories.
The Economic Surplus In Advanced Economies
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Author : John Bryan Davis
language : en
Publisher:
Release Date : 1992
The Economic Surplus In Advanced Economies written by John Bryan Davis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
The theory of monopoly capital is central to adequate analysis of accumulation and stagnation in advanced capitalist economies. This text presents recent discussions of monopoly capitalism to emphasize the centrality and vitality of this tradition in the modern political economy.
The Meaning And Validity Of Economic Theory
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Author : Leo Rogin
language : en
Publisher:
Release Date : 1971
The Meaning And Validity Of Economic Theory written by Leo Rogin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Business & Economics categories.
Distribution Effective Demand And International Economic Relations
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Author : J. A. Kregel
language : en
Publisher: Springer
Release Date : 1983-09-08
Distribution Effective Demand And International Economic Relations written by J. A. Kregel and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983-09-08 with Business & Economics categories.
Kalecki And Unemployment Equilibrium
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Author : M. Sebastiani
language : en
Publisher: Springer
Release Date : 1994-02-22
Kalecki And Unemployment Equilibrium written by M. Sebastiani and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-02-22 with Business & Economics categories.
Kalecki's opus has been acknowledged chiefly as a contribution to the theory of distribution and the business cycle. Little attention has been given to the theory of effective demand and to unemployment equilibrium, i.e. to the field traditionally covered by Keynesian economics. This book is an attempt to draw attention to the most innovative core of Kalecki's thought on capitalist economies, which is also strictly interrelated to the history of economic thought. Accordingly, it focuses on the relationships with other theoretical approaches, to methodology and the theory of effective demand and investment, to the theory of distribution and prices, and to the theory of money.
Institutions Behaviour And Economic Theory
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Author : Heinrich Bortis
language : en
Publisher: Cambridge University Press
Release Date : 1997
Institutions Behaviour And Economic Theory written by Heinrich Bortis and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book is about the conceptual foundations of an intermediate way between liberalism and socialism. From a standpoint of economic theory, this middle way is conceived of as a synthesis of classical (Ricardian) and Keynesian political economy. While the former deals with proportions between individuals or collectives and society in tackling the problems of distribution and value on the basis of the surplus principle, the latter is concerned with the scale of economic activity as explained by the principle of effective demand. Political economy pictures the economic aspects of the functioning of the institutional system within which the behaviour of individuals is embedded. The economy considered is, primarily, neither a market nor a planned economy, but, rather, a monetary production economy. To establish an alternative to liberalism and socialism requires setting up a system of the social sciences. In this work suggestions are made for linking political economy with other social sciences, i.e. sociology, law and politics in the traditional sense, thus establishing the unity of the social sciences. In a Keynesian vein, the social sciences are conceived of as moral sciences, a view which gives rise to a specific philosophy of history. To complete the picture, issues of method associated with the theory of knowledge in the social sciences and the problem of linking theory with historical reality are also covered.