Transformational growth and effective demand : economics after the capital critique

Author(s)

Bibliographic Information

Transformational growth and effective demand : economics after the capital critique

Edward J. Nell

Macmillan Academic and Professional, 1992

Available at  / 27 libraries

Search this Book/Journal

Note

Includes bibliographical references and index

Description and Table of Contents

Description

This collection of essays further develops Professor Nell's theory of "transformational growth". Established concepts such as the classical notion of prices of production and the wage profit frontier are set within a significant new framework displaying their role in the dynamic evolution of the industrial system from their beginnings in feudalism through the early capitalism of family farms and firms to the modern system of effective demand and multiplier adjustments. The essays present the method and it's relation to the "capital critique" and then go on to develop the main ideas of tranformational growth through a series of historical studies culminating in a revised theory of the multiplier. This leads to a reconstruction of macroeconomics and to new policy conclusions, strongly affirming an expansionist approach.

Table of Contents

  • Part 1 Method and approach: "The Revival of Political Economy" - appendix, Post-Keynesian Flow Diagrams
  • "Theories of Growth and Theories of Value"
  • "Value and Capital in Marxian Theory"
  • "Understanding the Marxian Concept of Exploitation". Part 2 Capital theory in a growing economy: "Accumulation and Capital Theory"
  • "Capital and the Firm in Neo-Classical Theory"
  • "Reswitching, Wicksell Effects and the Neo-Classical Production Function"
  • "The Black Box Rate of Return"
  • "The Theory of Income Distribution"
  • "On Long Run Equilibrium in Class Society". Part 3 Transformational growth: "Population Pressure and Methods of Cultivation"
  • "Economic Relationships in the Decline of Feudalism"
  • "The Transformation of Agrarian Society"
  • "The Price Revolution and Primitve Accumulation"
  • "Cyclical Growth - The Interdependent Dynamics of Industry and Agriculture"
  • "Mass Production and The Multiplier". Part 4 Prices, investments and effective demand: "Steady Prices in an Unsteady World"
  • "Stability in Simple Keynesian Systems"
  • "Wealth Effects and the Government Budget"
  • "The Simple Theory of Effective Demand"
  • "Investment, Risk and Finance"
  • "Does the Rate of Interest Determine the Rate of Profit?"
  • "Growth, Distribution and Inflation"
  • "Wages, Inflation and the Labor Market"
  • "Pricing, Profits and Corporate Investment"
  • "Controversies in Macroeconomics - Patinkin, Friedman, Marglin". Part 5 Profits and justice: "Economizing Love"
  • "On Deserving Profits"
  • "Justice Under Socialism".

by "Nielsen BookData"

Details

Page Top