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Is Marx's Theory of Profit Right?
This collection focuses on a long-running debate over the logical validity of Karl Marx’s theory that exploitation is the exclusive source of capitalists’ profits. The “Fundamental Marxian Theorem” was long thought to have shown that orthodox Marxian economics succeeds in replicating Marx’s conclusion. The debate begins with Andrew Kliman’s disproof of that claim. On one side of the debate, representing orthodox Marxian economics, are contributions by Simon Mohun and Roberto Veneziani. Although they concede that their simultaneist models cannot replicate Marx’s theory of profit in all cases, they insist that this is as good as it gets. On the other side, representing the tempor...
Marx's Theory of Value at the Frontiers
Why do humans produce the things they do, in the way they do it? As this book shows, the classical political economics approach to value and prices has fundamental implications for analyzing the historical trajectory of capitalism. It demonstrates that the classical political economists’ approach to value and prices, which finds its most advanced formulation in Marx, sheds light on the source of profits, exploitation, whether equivalents are exchanged in trade, dynamics of asymmetric and uneven accumulation, and the relationship of production to non-human natures at large. Understanding these phenomena is key to understanding the economic regularities underlying the key issues facing the w...
ECONOMIC INEQUALITY AND GROWTH A new look through Human Capital as you designed and shown
This book tries to portray the link between economic inequality and long-run growth via human capital and the major take of the book is to analyze the growth panorama through the lens of the ‘idea’ or ‘knowledge’ generation’ which is eventually considered as the ‘engine of growth’ being fueled by productivity enhancement through the innovations of new technologies. But this is not the end of the story as it involves enormous controversies. Simply the controversy started with the basic question --- why are some countries richer than other countries? To put it in another way, why growth is a miracle, why it is not driven homogeneously for economies, or whether the economies would...
Mathematical Economics and the Dynamics of Capitalism
Richard Goodwin was a pioneer in the use of mathematical tools to understand the dynamics of capitalist economies. This book contains contributions which focus on the rigorous extension of Goodwin’s modelling of macro-dynamics and the micro-structures underlying them, and also research with a wider perspective related to Goodwin’s vision of an integrated Marx-Keynes-Schumpeter (M-K-S) system of the dynamics of capitalist economies. The variety of approaches in this book range from detailed business cycle analyses to Schumpeterian processes of creative destruction. They include thorough theoretical analysis of delayed dynamical systems. empirical studies of Goodwin’s classical growth cycle model and the integration of Keynesian aspects of effective demand and of financial mechanisms that impact the real macro-economy. micro-economic structural analysis. expectations driven aspects of micro-founded business cycle modelling
Encyclopedia of Critical Political Science
An indispensable and exemplary reference work, this Encyclopedia adeptly navigates the multidisciplinary field of critical political science, providing a comprehensive overview of the methods, approaches, concepts, scholars and journals that have come to influence the disciplineÕs development over the last six decades.
Capital & Class
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