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Capitalist Macrodynamics

Capitalist Macrodynamics
Author: D. Laibman
Publisher: Springer
Total Pages: 155
Release: 1997-07-14
Genre: Business & Economics
ISBN: 0230375340

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The Marxist theory of capitalist growth and transformation has often been shrouded in obscurity, either by endless recapitulation of Marx's texts or by excessive use of mathematical formalism. This short book presents an integrated and rigorous view of capitalist development - technical change, class relations, trends in the profit rate and share, cyclical and long-term crisis - in a form that is accessible to serious readers with or without prior training in economics or familiarity with Marxist thought.


Capitalist Macrodynamics

Capitalist Macrodynamics
Author: David Laibman
Publisher:
Total Pages: 143
Release: 1997
Genre: Capitalism
ISBN: 9780333682913

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The Marxist theory of capitalist growth and transformation has often been shrouded in obscurity, either by endless recapitulation of Marx's texts or by excessive use of mathematical formalism. This short book presents an integrated and rigorous view of capitalist development - technical change, class relations, trends in the profit rate and share, cyclical and long-term crisis - in a form that is accessible to serious readers with or without prior training in economics or familiarity with Marxist thought.


The Macrodynamics of Capitalism

The Macrodynamics of Capitalism
Author: Peter Flaschel
Publisher: Springer Science & Business Media
Total Pages: 402
Release: 2008-12-11
Genre: Business & Economics
ISBN: 3540879323

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This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.


Money and Macrodynamics

Money and Macrodynamics
Author: Marc Lavoie
Publisher: Routledge
Total Pages: 212
Release: 2015-03-26
Genre: Business & Economics
ISBN: 1317464486

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Alfred Eichner's pioneering contributions to post-Keynesian econmics offered significant insights on the way modern economies and institutions actually work. Published in 1987, his "Macrodynamics of Advanced Market Economies" contains rich chapters on dynamics and growth, investment, finance and income distribution, a timely chapter on the State and fiscal policy, and two analytical chapters on endogenous money that are years ahead of their time. Featuring chapters by many of Eichner's disciples, this book celebrates his rich contributions to post-Keynesian economics, and demonstrates that his work is in many ways as valid today as it was over two decades ago.


The Macrodynamics of Advanced Market Economics

The Macrodynamics of Advanced Market Economics
Author: Alfred S. Eicher
Publisher: Routledge
Total Pages: 835
Release: 2019-07-12
Genre: Business & Economics
ISBN: 1315491958

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This volume examines the macrodynamic behaviour of advanced economies with social institutions similar to those of the United States and other members of the Organization of Economic Cooperation and Development. It is a critique of, and provides alternative models to, conventional neoclassical theory. The principles developed are used to explain two major phenomena in economic life: the nation's secular growth rate and the cyclical deviations around that growth. These interdependent movements of trend and cycle constitute the economy's macrodynamic behaviour. Eichner uses a systems framework for integrating four distinct institutional dimensions in society - the normative, the political, the economic, and the anthropogenic. This book, by one of the leading proponents of Post-Keynesian economics, is the culmination of over 13 years of scholarly work. The author's untimely death in February 1988 prevented the final revisions of his manuscript. The book should prove an essential addition to the library of scholars and students of economics both within and outside the Post-Keynesian tradition.


Capitalism, Inclusive Growth, and Social Protection

Capitalism, Inclusive Growth, and Social Protection
Author: Hagen M. Krämer
Publisher: Edward Elgar Publishing
Total Pages: 331
Release: 2023-12-11
Genre: Business & Economics
ISBN: 1786433079

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After more than four decades of real income stagnation, ever-increasing inequality and household financial distress, this book explores how the very fabric of our society is under threat. It argues that although capitalism is imperfect, it can be improved, and harnessing its forces of production to more suitable social relations of production is key to that improvement.


Return of Marxian Macro-dynamics in East Asia

Return of Marxian Macro-dynamics in East Asia
Author: Masao Ishikura
Publisher: Emerald Group Publishing
Total Pages: 329
Release: 2017-08-21
Genre: Political Science
ISBN: 178714478X

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This important and timely volume brings together experts in political economy from across the globe, to comment on the return of Marxian macro-dynamics in East Asia. The contributions explore macro-dynamics, the role of the state and hegemony in the context of transnational capitalism, and Marxian alternatives for East Asia.


Periodizing Capitalism and Capitalist Extinction

Periodizing Capitalism and Capitalist Extinction
Author: Richard Westra
Publisher: Springer
Total Pages: 270
Release: 2019-05-15
Genre: Business & Economics
ISBN: 3030143902

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This book offers the first systematic exposition and critique of the major approaches to periodizing capitalism, bringing to bear both deep rooted theoretical questions and meticulous empirical analysis to grapple with the seismic economic changes capitalism has experienced over the past 150 years. Westra asks why – despite the anarchic and crises tendencies captured in radical analyses – capitalism manages to reload in a structured stage that realizes a period of relatively stable accumulation. He further evaluates arguments over the economic forces bringing stages of capitalist development to a crashing end. Particular attention in the periodization literature is devoted to examining the economy of the post World War II golden age and what followed its unceremonious demise. The final chapters assess whether what is variously dubbed neoliberalism, globalization or financialization can be understood as a stage of capitalism or, rather, an era of capitalist disintegration and extinction.


The General Law of Capitalist Accumulation in Latin America and Beyond

The General Law of Capitalist Accumulation in Latin America and Beyond
Author: Lorenzo Fusaro
Publisher: Rowman & Littlefield
Total Pages: 273
Release: 2022-03-28
Genre: Political Science
ISBN: 1793638241

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This edited collection engages with Marx’s General Law of Capitalist Accumulation, examining the relevance and actuality of Marx’s propositions for the analysis of contemporary capitalism in Latin America and beyond. The contributors offer an original and updated interpretation of Marx while also examining important topics in political economy. The contributors bring critical insights into scholarly debates on imperialism, exploitation, labor, and development.


Monetary Macrodynamics

Monetary Macrodynamics
Author: Toichiro Asada
Publisher: Routledge
Total Pages: 449
Release: 2012-11-12
Genre: Business & Economics
ISBN: 1135272328

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This book investigates the interaction of effective goods demand with the wage-price spiral, and the impact of monetary policy on financial and the real markets from a Keynesian perspective. Endogenous business fluctuations are studied in the context of long-run distributive cycles in an advanced, rigorously formulated and quantitative setup. The material is developed by way of self-contained chapters on three levels of generality, an advanced textbook level, a research-oriented applied level and on a third level that shows how the interaction of real with financial markets has to be modelled from a truly integrative Keynesian perspective. Monetary Macrodynamics shows that the balanced growth path of a capitalist economy is unlikely to be attracting and that the cumulative forces that surround it are controlled in the large by changes in the behavioural factors that drive the wage-price spiral and the financial markets. Such behavioural changes can in fact be observed in actual economies in the interaction of demand-driven business fluctuations with supply-driven wage and price dynamics as they originate from the conflict over income distribution between capital and labour. The book is a detailed critique of US mainstream macroeconomics and uses rigorous dynamic macro-models of a descriptive and applicable nature. It will be of particular relevance to postgraduate students and researchers interested in disequilibrium processes, real wage feedback channels, financial markets and portfolio choice, financial accelerator mechanisms and monetary policy.