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Everybody uses money every day, but we rarely stop to think about how money works. In this book, scholars from different disciplines seek to answer that question; from historians to economists, sociologists, a philosopher and a physicist. Money works as a social construction because we have mutual expectations that support its use – despite the seeming irrationality of trading valuable things or doing strenuous work for pieces of paper or numbers in accounts. Recently, there has been a revival of interest in monetary theory, not least because the impacts of globalizing markets and of new communication and information technologies have changed the forms of money. The deep crisis of the fina...
Amidst a capitalist crisis that has upturned mainstream orthodoxies, this title underscores the importance of historical and materialist understandings of capitalist economies. It exposes the limitations of neoclassical economics' endogenous growth theory and how it, in fact, gropes for understandings well established within Marxism.
In Polish Marxism after Luxemburg, Jan Toporowski and leading experts offer a unique and insightful overview of Polish political economic ideas since the early 20th century, building an introduction to some key themes and figurehead political economists.
There are very few figures in history that have exerted as much and as varied an influence as Karl Marx. His work represents an unrivalled intervention into fields as various as philosophy, journalism, economics, history, politics and cultural criticism. His name is invoked across the political spectrum in connection to revolution and insurrection, social justice and economic transformation. The Bloomsbury Companion to Marx is the definitive reference guide to Marx's life and work. Written by an international team of leading Marx scholars, the book offers comprehensive coverage of Marx's: life and contexts; sources, influences and encounters; key writings; major themes and topics; and recept...
Volume 35B of Research in the History of Economic Thought and Methodology features a symposium on the economics of Piero Sraffa, guest edited by Scott Carter and Riccardo Bellofiore. It also features general research contributions from Masazumi Wakatabe, and co-authors Eugene Callahan and Andreas Hoffman.
This book characterizes, develops and evaluates the power of Keynesian analysis, as it is defined and utilized by Augusto Graziani, to explain the major economic mechanisms which affect the working of our modern monetary production economies. It offers a number of original and fresh insights into Keynesian economics.
This book argues that the dialectic of Marx's Capital has a systematic, rather than historical, character. It sheds new light on Marx's great work, while going beyond it in many respects.
This scholarly book conducts an extensive exploration into the central ideas of Karl Marx, focussing on the key concepts that have defined his thought and legacy. Bringing together a wealth of internationally renowned contributors, across different generations, Marx: Key Concepts analyses in depth Marx’s theories of (surplus) value, money, and capital, and their reception in classical and contemporary economic, sociological and philosophical debates.
Little attention has been paid to the role of the European economies, and notably of the euro area, in the current global imbalance of international payments and growth rates, leading to somewhat simplistic views of Euroland contributing to limiting those imbalances and providing a template of economic policy for the twenty-first century. In addition, an influential view continues to stress the need for deeper and more comprehensive supply-side, structural reforms as a means to protect Euroland from potentially adverse global developments and play a positive role in the orderly correction of global imbalances. The contributions in this volume challenge this view and compellingly question, fr...
What is the score card for economics at the start of the new millennium? While there are many different schools of economic thought, it is the neo-classical school, with its alleged understanding and simplistic advocacy of the market, that has become equated in the public mind with economics. This book shows that virtually every aspect of conventional neo-classical economics' thinking is intellectually unsound. Steve Keen draws on an impressive array of advanced critical thinking. He constitutes a profound critique of the principle concepts, theories, and methodologies of the mainstream discipline. Keen raises grave doubts about economics' pretensions to established scientific status and its reliability as a guide to understanding the real world of economic life and its policy-making.