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Some Cambridge Controversies In The Theory Of Capital

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Some Cambridge Controversies In The Theory Of Capital

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Author : G. C. Harcourt
language : en
Publisher: Cambridge University Press
Release Date : 1972-05-25

Some Cambridge Controversies In The Theory Of Capital written by G. C. Harcourt 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 1972-05-25 with Business & Economics categories.

Capital theory traditionally spans two major compartments of economic theory: the theory of production of both individual products and the total product, and the theory of the distribution of the aggregate product between the different classes of capitalist society. It has always been controversial, partly because the subject matter is difficult and partly because rival ideologies and value systems impinge directly on the subject matter. In the present book the various topics associated with the exchanges between the 'neo-Keynesians' and the 'neo-neoclassicals' are discussed and evaluated. The topics include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.

Some Cambridge Controversies In The Theory Of Capital

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Author : G. C. Harcourt
language : en
Publisher: Cambridge University Press
Release Date : 2022-06-02

The fiftieth anniversary edition of one of the classic texts to have emerged from the Cambridge Capital Controversy.

Some Cambridge Controversies In The Theory Of Capital

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Author : G. C. Harcourt
language : en
Publisher: Cambridge University Press
Release Date : 2022-06-02

The Cambridge Capital Controversy was one of the most significant debates in Twentieth Century economics. First published in 1972, this book provides an accessible reconstruction of the controversy with detailed discussion of the major points raised by its primary protagonists: Piero Sraffa and Joan Robinson on the post-Keynesian side (Cambridge, UK) and Robert Solow and Paul Samuelson on the neo-classical side (Cambridge, MA). The book is now considered to be a classic. This fiftieth anniversary edition comes with a new preface by the author and two new afterwords that reflect on the author's contribution to the field and the significance of the book in the history of economics. Topics covered include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.

Some Cambridge Controversies In The Theory Of Capital

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Author : Geoffrey Colin Harcourt
language : en
Publisher:
Release Date : 1992

Some Cambridge Controversies In The Theory Of Capital written by Geoffrey Colin Harcourt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Capital categories.

Capital Theory

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Author : John Eatwell
language : en
Publisher: Springer
Release Date : 1990-07-23

Capital Theory written by John Eatwell and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-07-23 with Business & Economics categories.

This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of capital theory.

General Equilibrium Capital And Macroeconomics

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Author : Fabio Petri
language : en
Publisher: Edward Elgar Publishing
Release Date : 2004

General Equilibrium Capital And Macroeconomics written by Fabio Petri 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 2004 with Business & Economics categories.

This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and has undermined central tenets of neoclassical macroeconomic theory (such as the negative dependence of aggregate investment on the interest rate, or the existence of a downward-sloping demand curve for labour) which had their basis in the long-period versions where capital was treated as a single factor. According to the author, what makes it difficult to appreciate these consequences is the current imperfect grasp of the long-period method (an approach common to classical and to the first generations of neoclassical economists, but nowadays often confused with steady-growth analysis). The origins of this problem date back to the 1930s, and to this day still obscure the history and the logic of the neoclassical approach. The book explains the analytical differences between long-period, steady-growth, and short-period general equilibrium analyses, and proves that on this basis considerable clarification can be achieved, not only in many aspects of the history of economic theory, but also in fundamental issues in the theories of value, distribution, capital, investment, employment and money. For example, the reasons for the disagreements in the 'Cambridge controversies' over capital theory become very apparent. This stimulating critique on the present state of economic theory will appeal to academics and researchers with an interest in macroeconomics, the history of economic thought, and the theory of value and distribution. It will also enlighten and inform anyone wanting to understand the reasons behind the current dissatisfaction with neoclassical economics.

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.

Rethinking The Keynesian Revolution

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Author : Tyler Beck Goodspeed
language : en
Publisher: Oxford University Press
Release Date : 2012-06-04

Rethinking The Keynesian Revolution written by Tyler Beck Goodspeed and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-04 with Business & Economics categories.

While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also contributed to a fundamental convergence between the two economists during the 1930s. This shared, "Wicksellian" vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to academics and graduate students with general economics training.

Collaborative Research In Economics

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Author : Michael Szenberg
language : en
Publisher: Springer
Release Date : 2017-03-27

Collaborative Research In Economics written by Michael Szenberg and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-27 with Business & Economics categories.

This collection gathers some of the greatest minds in economics to discuss their experiences of collaborative research and publication. Nobel Prize winners and other eminent scholars from a representative sample of economics' major sub-disciplines share how and why they came to work primarily in partnerships or on their own, whether naturally or by necessity. The contributions include discussions of personal experiences, statistical analyses, different levels of investment, and how the digital age has changed researcher interactions. As budget cuts and resource consolidation make working together vital in ever more fields of academia, this book offers valuable advice to help young and seasoned scholars alike identify the right co-author(s).

Handbook Of Research Methods In Behavioural Economics

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Author : Morris Altman
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-03-02

Handbook Of Research Methods In Behavioural Economics written by Morris Altman 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 2023-03-02 with Business & Economics categories.

This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.

Some Cambridge Controversies In The Theory Of Capital

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