Rate Of Profit Distribution And Growth Two Views
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Rate Of Profit Distribution And Growth
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Author : J.A. Kregel
language : en
Publisher: Routledge
Release Date : 2017-09-05
Rate Of Profit Distribution And Growth written by J.A. Kregel and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-05 with Business & Economics categories.
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.
Rate Of Profit And Income Distribution In Relation To The Rate Of Economic Growth
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Author : Luigi Pasinetti
language : it
Publisher:
Release Date :
Rate Of Profit And Income Distribution In Relation To The Rate Of Economic Growth written by Luigi Pasinetti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Classical Neoclassical And Keynesian Views On Growth And Distribution
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Author : Neri Salvadori
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-27
Classical Neoclassical And Keynesian Views On Growth And Distribution written by Neri Salvadori and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-27 with Business & Economics categories.
This book reconsiders and analyses the different approaches historically proposed in the literature on growth and distribution. The contributors have achieved, through a comprehensive and cohesive analysis of the approaches of different schools of thought, a wide-ranging interpretation of a variety of important economic phenomena. The book identifies elements characterising each approach and tries to derive from them a range of insights into the complexity of the growth process.
Luigi L Pasinetti An Intellectual Biography
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Author : Mauro L. Baranzini
language : en
Publisher: Springer
Release Date : 2018-03-18
Luigi L Pasinetti An Intellectual Biography written by Mauro L. Baranzini and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-18 with Business & Economics categories.
Luigi L. Pasinetti (born 1930) is arguably the most influential of the second generation of the Cambridge Keynesian School of Economics, both because of his achievements and his early involvement with the direct pupils of John Maynard Keynes. This comprehensive intellectual biography traces his research from his early groundbreaking contribution in the field of structural economic dynamics to the ‘Pasinetti Theorem’. With scientific outputs spanning more than six decades (1955–2017), Baranzini and Mirante analyse the impact of his research work and roles at Cambridge, the Catholic University of Milan and at the new University of Lugano. Pasinetti’s whole scientific life has been driven by the desire to provide new frameworks to explain the mechanisms of modern economic systems, and this book assesses how far this has been achieved.
Growth And Distribution
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Author : W.A. Eltis
language : en
Publisher: Springer
Release Date : 1973-06-18
Growth And Distribution written by W.A. Eltis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973-06-18 with Business & Economics categories.
The Macrodynamics Of Advanced Market Economics
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Author : Alfred S. Eicher
language : en
Publisher: Routledge
Release Date : 2019-07-12
The Macrodynamics Of Advanced Market Economics written by Alfred S. Eicher and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-12 with Business & Economics categories.
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.
Stagflation
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Author :
language : en
Publisher:
Release Date : 1980
Stagflation written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Inflation (Finance) categories.
Special Study On Economic Change Stagflation The Causes Effects And Solutions
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Author :
language : en
Publisher:
Release Date : 1980
Special Study On Economic Change Stagflation The Causes Effects And Solutions written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Budget categories.
Growth Profits And Property
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Author : Edward J. Nell
language : en
Publisher: CUP Archive
Release Date : 1979
Growth Profits And Property written by Edward J. Nell and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business & Economics categories.
This collection of essays is designed to illustrate the variety, complexity and power of non-neoclassical economic thinking. The essays define the fundamental questions differently, employ different analytical tools and arrive at different conclusions. The two strands of non-neoclassical thinking that occupy most of the book are the neo-Keynesian and the neo-Marxian. The bulk of the book is composed of essays on microeconomics, macroeconomics, trade, comparative systems and welfare, with an unusual section on property rights and social hierarchy.
Profit Theory And Capitalism
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Author : Mark Obrinsky
language : en
Publisher: University of Pennsylvania Press
Release Date : 2015-10-12
Profit Theory And Capitalism written by Mark Obrinsky and has been published by University of Pennsylvania Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-12 with Business & Economics categories.
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.
