Modern Capital Theory


Modern Capital Theory
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Essays In Modern Capital Theory


Essays In Modern Capital Theory
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Author : Murray Brown
language : en
Publisher:
Release Date : 1976

Essays In Modern Capital Theory written by Murray Brown and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Capital categories.


Monograph comprising essays on topics relating to the use of economic theories of capital in economic analysis - discusses the 'Cambridge controversy' in capital theory involving income distribution, rates of investment return and profit, the input output relations with regard to technology and capital goods, and presents three new approaches to capital theory centred on the notion of economic equilibrium and an economic model based on Marxism. Bibliographys after most chapters and graphs.



Modern Capital Theory


Modern Capital Theory
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Author : Donald Dewey
language : en
Publisher:
Release Date : 1967

Modern Capital Theory written by Donald Dewey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with categories.




Capital In Economic Theory


Capital In Economic Theory
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Author : Syed Ahmad
language : en
Publisher: Aldershot, England : E. Elgar
Release Date : 1991

Capital In Economic Theory written by Syed Ahmad and has been published by Aldershot, England : E. Elgar this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.


This major book presents a comprehensive treatment of modern capital theory. It brings together in a balanced and systematic way, the various approaches to capital theory which have emerged or re-emerged in the most recent controversies on the subject. The book focuses on the main approaches namely simple neoclassical, neo-Austrian, Cambridge and disaggregative intertemporal. In conclusion, the book introduces and applies chaos theory with an assessment of its potential for the future development of the subject.



Capital Theory And Political Economy


Capital Theory And Political Economy
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Author : Lefteris Tsoulfidis
language : en
Publisher: Routledge
Release Date : 2021-05-31

Capital Theory And Political Economy written by Lefteris Tsoulfidis and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-31 with Business & Economics categories.


In recent years, there have been a number of new developments in what came to be known as the "Capital Theory Debates". The debates took place mainly during the 1960s as a result of Piero Sraffa's critique of the neoclassical theory according to which the prices of factors of production directly depend on their relative scarcities. Sraffa showed that when income distribution changes, there are many complexities developed within the economic system impacting on prices in ways which are not possible to predict. These debates were revisited in the 1980s and again more recently, along with a parallel literature that has developed among neoclassical economists and has also looked at the impact of shocks on an economy. This book summarizes the debates and issues around the theory of capital and brings to the fore the more recent developments. It also pinpoints the similarities and differences between the various approaches and critically evaluates them in light of available empirical evidence. The focus of the book is on the price trajectories induced by changes in income distribution and the resulting shape of the wage rates of profit curves and frontier. These issues are central to areas such as microeconomics, international trade, growth, technological change and macro stability analysis. Each chapter starts with the theoretical issues involved, followed by their formalization and subsequently with their operationalization. More specifically, the variables of the classical theory of value and distribution are rigorously defined and quantified using actual input–output data from a number of major economies, but mainly from the USA, over long stretches of time. The empirical results are not only consistent with the anticipations of the theory but also further inform and therefore strengthen its predictive content raising new significant questions.



Introduction To Modern Austrian Capital Theory


Introduction To Modern Austrian Capital Theory
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Author : Malte Faber
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Introduction To Modern Austrian Capital Theory written by Malte Faber and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


During the fifties and the sixties the neoclassical concept of the production function was criticized in numerous papers. In particular, the aggregation of different capital goods into a single number was reprehended. A second essential disadvantage, namely the neglect of the time structure of the production process, found, however, rela tively little attention. While up to the thirties the Austrian capital theory which stressed the time aspect of production was an important school, it fell into oblivion after the great capital controversies of the thirties. It took over thirty years, i. e. till the beginning of the seventies be fore it came to a renaissance of the Austrian capital theory by var ious writers. We may roughly classify the different attempts of Hits rebirth in modern economics" into three groups: 1. The approach of ~ [1970, 1973, 1973a] has received most of the attention in the literature (Burmeister [1974], Faber [1975], Fehl [1975], ~[1975], Hagemann and ~ [1976]). It will be shown in Chapter 9 that ~ is only in so far a Neo-Austrian as he does explicitly take into consideration the vertical time structure of the production process. But he does not use the Austrian concepts of superiority of roundabout methods, of time preference and of the period of production. 2. The latter concept has been revived by the second group, to which Tintner [1970], von Weizs~cker [1971a, 1971b, 1974], ~ [1971, 1976 and ~ [1973, 1975, 1976] belong.



Time And Money


Time And Money
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Author : Roger W Garrison
language : en
Publisher: Routledge
Release Date : 2000-10-19

Time And Money written by Roger W Garrison and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-10-19 with Business & Economics categories.


Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of



Introduction To Modern Austrian Capital Theory


Introduction To Modern Austrian Capital Theory
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Author : Malte Michael Faber
language : en
Publisher: Springer
Release Date : 1979

Introduction To Modern Austrian Capital Theory written by Malte Michael Faber and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Austrian school of economics categories.




Capital In Disequilibrium


Capital In Disequilibrium
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Author : Peter Lewin
language : en
Publisher: Routledge
Release Date : 1998-12-17

Capital In Disequilibrium written by Peter Lewin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-12-17 with Business & Economics categories.


Drawing on the work of the Austrian School and its heirs, Capital in Disequilibrium develops a modern, systematic version of capital theory in order to suggest a new approach to the subject of economics. Original and provocative in his reflection, Lewin offers both a new approach and an accessible discussion of one of the most important, but also one of the most difficult, areas in economics.



The Nature And Functions Of Modern Capital


The Nature And Functions Of Modern Capital
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Author :
language : en
Publisher:
Release Date : 1912

The Nature And Functions Of Modern Capital written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1912 with Capital categories.




Capital And Finance


Capital And Finance
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Author : Peter Lewin
language : en
Publisher: Routledge
Release Date : 2020-07-02

Capital And Finance written by Peter Lewin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-02 with Business & Economics categories.


This book applies finance to the field of capital theory. While financial economics is a well-established field of study, the specific application of finance to capital theory remains unexplored. It is the first book to comprehensively study this financial application, which also includes modern financial tools such as Economic Value Added (EVA®). A financial application to the problem of the average period of production includes two discussions that unfold naturally from this application. The first one relates to the dual meaning of capital, one as a monetary fund and the other one as physical (capital) goods. The second concerns its implications for business-cycle theories. This second topic (1) provides a solid financial microeconomic foundation for business cycles and, also (2) makes it easy to compare different business-cycle theories across the average period of production dimension. By clarifying the obscure concept of average period of production, the authors make it easier to analyze the similarities with and differences from other business-cycle theories. By connecting finance with capital theory, they provide a new point of view and analysis of the long-standing problems in capital theory as well as other related topics such as the use of neoclassical production functions and theorizing about business cycles. Finally, they emphasize that the relevance of their application rests on both its policy implications and its contributions to contemporary economic theory.