The theory of value, capital, and interest : a new approach
著者
書誌事項
The theory of value, capital, and interest : a new approach
E. Elgar, c1995
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注記
Includes bibliographical references (p. 268-275) and indexes
内容説明・目次
内容説明
In The Theory of Value, Capital and Interest Branko Horvat puts forward a new economic theory, relevant to real-world economics. This radical and innovative book deals with the economy as a system which includes producers, consumers and a social regulating agency, rather than simply as an aggregate of individuals.Beginning with an essay on economic methodology which analyses the underpinnings of neoclassical economics, the author presents a two-sector canonical model which is used to establish equilibrium prices and quantities in a stationary and growing economy. This thesis distinguishes two sources of growth - expansion of the labour force and technological progress - and also discusses criteria for investment. Later chapters extend Professor Horvat's model to include joint production and rent, and present a general case which allows for many consumer and producer goods.
By introducing a new economic paradigm - and in so doing offering a solution to the long-standing labour theory of value controversy - this book makes a series of important innovations and will be welcomed as a major contribution by neo-Ricardians, Marxists, post Keynesians and critical neoclassicals.
目次
Contents: Preface Part I: Introduction Part II: Changing Economy: The Growth or Decline of Labour Force Part III: Changing Economy: Technological Progress Part IV: The Choice of Techniques Part V: Extensions Part VI: Generalizations Notes References Indexes
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