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Optimal Utilization of Capital and a Financial Sector in a Classical Gravitation Process

Optimal Utilization of Capital and a Financial Sector in a Classical Gravitation Process
Author: Reiner Franke
Publisher:
Total Pages: 0
Release: 2001
Genre:
ISBN:

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In a production price framework, a two-sectoral gravitation process with cross-over adjustments of prices and quantities is advanced. To overcome an inconsistency in the treatment of fixed capital in disequilibrium, the socio-technological input coefficients are assumed to vary with the sectoral output-capital ratio, such that for each relative price there exists an optimal degree of capital utilization which maximizes the sectoral rate of profit. Production prices prevail if these maximizing rates of profit are equalized. In addition, a financial sector determining the rate of interest is incorporated into the model. The mathematical analysis establishes a broad scope for local stability of the long-run equilibrium position once a condition applies that ensures stability of the output adjustments in the short period.


The Oxford Handbook of Post-Keynesian Economics, Volume 1

The Oxford Handbook of Post-Keynesian Economics, Volume 1
Author: Geoffrey Colin Harcourt
Publisher: Oxford University Press, USA
Total Pages: 637
Release: 2013-07
Genre: Business & Economics
ISBN: 0195390768

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These two volumes cover the principal areas to which Post-Keynesian economists have made distinctive contributions. The contents include the significant criticism by Post-Keynesians of mainstream economics, but the emphasis is on positive Post-Keynesian analysis of the economic problems of the modern world and of policies with which to tackle them.


Theories of Value from Adam Smith to Piero Sraffa

Theories of Value from Adam Smith to Piero Sraffa
Author: Ajit Sinha
Publisher: Taylor & Francis
Total Pages: 397
Release: 2018-08-06
Genre: Business & Economics
ISBN: 0429807716

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This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. The author focuses on four, perhaps most critical classics — Adam Smith’s Wealth of Nations, David Ricardo’s Principles of Political Economy, Karl Marx’s Capital and Piero Sraffa’s Production of Commodities by Means of Commodities. The book highlights several significant differences in the widely celebrated theories of the four authors as it searches for the ‘classical standpoint’ that separates them from the ‘moderns’. It also challenges canonical interpretations to analyse their flaws and weaknesses, in addition to the already obvious strengths, and critically engages with the major alternative interpretations and criticisms of the theories. With a new Afterword that follows up on the debates and developments since the first edition, this book will appeal to scholars and academics of economic theory and philosophy, as well as to the general reader.


The Oxford Handbook of Post-Keynesian Economics, Volume 1

The Oxford Handbook of Post-Keynesian Economics, Volume 1
Author: G. C. Harcourt
Publisher: Oxford University Press
Total Pages: 637
Release: 2013-08-16
Genre: Business & Economics
ISBN: 0199359296

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This two volume Handbook contains chapters on the main areas to which Post-Keynesians have made sustained and important contributions. These include theories of accumulation, distribution, pricing, money and finance, international trade and capital flows, the environment, methodological issues, criticism of mainstream economics and Post-Keynesian policies. The Introduction outlines what is in the two volumes, in the process placing Post-Keynesian procedures and contributions in appropriate contexts.


The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report
Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
Total Pages: 692
Release: 2011-05-01
Genre: Political Science
ISBN: 1616405414

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The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.


Diversity in the Knowledge Economy and Society

Diversity in the Knowledge Economy and Society
Author: Elias G. Carayannis
Publisher: Edward Elgar Publishing
Total Pages: 347
Release: 2008-01-01
Genre: Business & Economics
ISBN: 1848441282

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The key message of this book is that heterogeneity should be seen as an intrinsic and indispensable element of knowledge systems. The authors address the concept of heterogeneity in a multi-disciplinary fashion, including perspectives from evolutionary economics and innovation system studies, and relate this approach to existing theories in a broad range of fields. The book postulates that one approach to such a re-conceptualization is what we call the Mode 3 system consisting of Innovation Networks and Knowledge Clusters for knowledge creation, diffusion and use. This is a multi-layered, multi-modal, multi-nodal and multi-lateral system, encompassing mutually and complementary reinforcing innovation networks and knowledge clusters consisting of human and intellectual capital, shaped by social capital and underpinned by financial capital. Diversity in the Knowledge Economy and Society will appeal to academics and researchers of innovation and science, knowledge management and economics.


Essential Economics

Essential Economics
Author: Matthew Bishop
Publisher: Bloomberg Press
Total Pages: 282
Release: 2004-05-01
Genre: Business & Economics
ISBN: 9781861975805

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Capital as Power

Capital as Power
Author: Jonathan Nitzan
Publisher: Routledge
Total Pages: 853
Release: 2009-06-02
Genre: Political Science
ISBN: 1134022298

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Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.


Social Science Research

Social Science Research
Author: Anol Bhattacherjee
Publisher: CreateSpace
Total Pages: 156
Release: 2012-04-01
Genre: Science
ISBN: 9781475146127

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This book is designed to introduce doctoral and graduate students to the process of conducting scientific research in the social sciences, business, education, public health, and related disciplines. It is a one-stop, comprehensive, and compact source for foundational concepts in behavioral research, and can serve as a stand-alone text or as a supplement to research readings in any doctoral seminar or research methods class. This book is currently used as a research text at universities on six continents and will shortly be available in nine different languages.


The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics
Author:
Publisher: Springer
Total Pages: 7493
Release: 2016-05-18
Genre: Law
ISBN: 1349588024

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The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.