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The Heterodox Economics of Gardiner C. Means

The Heterodox Economics of Gardiner C. Means
Author: Lily Xiao Hong Lee
Publisher: Routledge
Total Pages: 398
Release: 2019-07-25
Genre: Business & Economics
ISBN: 1315489848

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This collection brings together articles written by Gardiner C. Means, a leading institutionalist and post-Keynesian economist. Means studies the modern corporation and its implications for the institution on private property and the economic systems as a whole. The selections illuminate Means' analysis of the corporate revolution, the role of administered pricing and the consequences for macro-economic instability in the American economy. The book includes the controversial theoretical chapters for his proposed Harvard dissertation, his essay on industrial prices and their inflexibility, the causes of depression, administered prices and the risk of inflation, his analysis of stagflation and the control of inflation. An essay by his widow, Caroline F. Ware, examines the resistance of the American economics profession to Means' theory of administered prices.


Gardiner C.Mean's Institutional and Post-Keynesian Economics

Gardiner C.Mean's Institutional and Post-Keynesian Economics
Author: Warren J. Samuels
Publisher: Routledge
Total Pages: 189
Release: 2019-07-26
Genre: Business & Economics
ISBN: 1315490838

Download Gardiner C.Mean's Institutional and Post-Keynesian Economics Book in PDF, ePub and Kindle

Gardiner Means has a secure place in the history of 20th century economic thought, as the co-author with A.A.Berle of "The Modern Corporation and Private Property". But according to Samuels and Medema, Means should be remembered for major contributions in both micro- and macroeconomics. The authors discuss Means's ideas of administered pricing and profit maximization within the giant corporation, the possible links between industrial structure and macroeconomic performance, a theory of the firm as it relates to the market, and the micro foundations of macroeconomics. Central to Means's macroeconomics is his theory that administered pricing generates inflation and stagflation. Means, in the authors' view, was a seminal thinker and a post-Keynesian economist, as well as an institutionalist. This book also gives an precis of Means's unusual career in government and the academy.


The Heterodox Economics of Gardiner C. Means

The Heterodox Economics of Gardiner C. Means
Author: Lily Xiao Hong Lee
Publisher: Routledge
Total Pages: 317
Release: 2019-07-25
Genre: Business & Economics
ISBN: 131548983X

Download The Heterodox Economics of Gardiner C. Means Book in PDF, ePub and Kindle

This collection brings together articles written by Gardiner C. Means, a leading institutionalist and post-Keynesian economist. Means studies the modern corporation and its implications for the institution on private property and the economic systems as a whole. The selections illuminate Means' analysis of the corporate revolution, the role of administered pricing and the consequences for macro-economic instability in the American economy. The book includes the controversial theoretical chapters for his proposed Harvard dissertation, his essay on industrial prices and their inflexibility, the causes of depression, administered prices and the risk of inflation, his analysis of stagflation and the control of inflation. An essay by his widow, Caroline F. Ware, examines the resistance of the American economics profession to Means' theory of administered prices.


Advancing the Frontiers of Heterodox Economics

Advancing the Frontiers of Heterodox Economics
Author: Tae-Hee Jo
Publisher: Routledge
Total Pages: 426
Release: 2015-07-30
Genre: Business & Economics
ISBN: 1317912462

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This collection of essays honors the life and work of one of the most prominent and fervent heterodox economists, Frederic S. Lee, who has been at the heart of the heterodox economics movements for the past three decades. Authors in this book demonstrate that heterodox economic has transcended the criticism of mainstream economics and, more importantly, that constructive developments are in the making by way of cross-communications among various heterodox economics traditions. Frederic S. Lee’s contributions to heterodox economics are centered on three themes: the making of a history and identity of heterodox economics, heterodox microeconomics, and the heterodox analysis of social provisioning. Part I addresses the importance of history, theory, research methods, and institutions in the making of the identity of heterodox economics as an alternative to mainstream economics. Part II delves into heterodox microeconomic theories—in particular, investment, pricing, competition, markets, and market governance—as foundations of heterodox macroeconomic analyses. Part III expands the analysis of the capitalist social provisioning process with an emphasis on its subsystems and their relationships over historical time. Part IV encapsulates the life and work of Frederic S. Lee. Throughout his intellectual life Frederic S. Lee has shown to many that the development of heterodox economics is rendered possible by unselfish and ceaseless efforts to build both theory and institutions. Essays in this book attest that establishing an alternative critical theory to the status quo is not only possible but also serviceable to the majority of the population.


A Monetary Theory of Employment

A Monetary Theory of Employment
Author: Gardiner C. Means
Publisher: Routledge
Total Pages: 292
Release: 2015-06-11
Genre: Business & Economics
ISBN: 1317478010

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Presents the author's alternative monetary theory and macroeconomics to both the quality theory and Keynes's work. This text reveals Means's view of the economic processes in the real world, and the state of monetary and macroeconomics theory in the mid-1940s.


Gardiner C.Mean's Institutional and Post-Keynesian Economics

Gardiner C.Mean's Institutional and Post-Keynesian Economics
Author: Warren J. Samuels
Publisher: Routledge
Total Pages: 274
Release: 2019-07-26
Genre: Business & Economics
ISBN: 1315490846

Download Gardiner C.Mean's Institutional and Post-Keynesian Economics Book in PDF, ePub and Kindle

Gardiner Means has a secure place in the history of 20th century economic thought, as the co-author with A.A.Berle of "The Modern Corporation and Private Property". But according to Samuels and Medema, Means should be remembered for major contributions in both micro- and macroeconomics. The authors discuss Means's ideas of administered pricing and profit maximization within the giant corporation, the possible links between industrial structure and macroeconomic performance, a theory of the firm as it relates to the market, and the micro foundations of macroeconomics. Central to Means's macroeconomics is his theory that administered pricing generates inflation and stagflation. Means, in the authors' view, was a seminal thinker and a post-Keynesian economist, as well as an institutionalist. This book also gives an precis of Means's unusual career in government and the academy.


The Routledge Handbook of Heterodox Economics

The Routledge Handbook of Heterodox Economics
Author: Tae-Hee Jo
Publisher: Routledge
Total Pages: 550
Release: 2017-07-28
Genre: Business & Economics
ISBN: 1317480295

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The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a ‘pluralistic’ heterodox perspective. Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Régulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both ‘heat and light’ on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science. This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.


A Monetary Theory of Employment

A Monetary Theory of Employment
Author: Gardiner C. Means
Publisher: Routledge
Total Pages: 251
Release: 2015-06-11
Genre: Business & Economics
ISBN: 1317478002

Download A Monetary Theory of Employment Book in PDF, ePub and Kindle

Presents the author's alternative monetary theory and macroeconomics to both the quality theory and Keynes's work. This text reveals Means's view of the economic processes in the real world, and the state of monetary and macroeconomics theory in the mid-1940s.


Economics in the Long Run

Economics in the Long Run
Author: Theodore Rosenof
Publisher: Univ of North Carolina Press
Total Pages: 240
Release: 2000-11-09
Genre: History
ISBN: 0807864234

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Though understandably preoccupied with the immediate problems of the Great Depression, the generation of economists that came to the forefront in the 1930s also looked ahead to the long-term consequences of the crisis and proposed various solutions to prevent its recurrence. Theodore Rosenof examines the long-run theories and legacies of four of the leading members of this generation: John Maynard Keynes of Great Britain, who influenced the New Deal from afar; Alvin Hansen and Gardiner Means, who fought over the direction of New Deal policy; and Joseph Schumpeter, an opponent of the New Deal. Rosenof explores the conflicts that arose among long-run theorists, arguing that such disputes served eventually to set the stage for the emergence and domination of a short-run Keynesian approach to economic policy that collapsed under the impact of 1970s stagflation. Tracing the subsequent revival of long-run theories, Rosenof demonstrates their relevance to an understanding of the economy's problems over the past quarter-century and to the current debate over public policy. Originally published in 1997. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.


Gardiner C. Means, Institutionalist and Post Keynesian

Gardiner C. Means, Institutionalist and Post Keynesian
Author: Warren J. Samuels
Publisher: M.E. Sharpe
Total Pages: 216
Release: 1990
Genre: Business & Economics
ISBN: 9780873326155

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A study of the economic theory of Gardiner Means, discussing his ideas of administered pricing and profit maximization within the giant corporation, the possible links between industrial structure and macroeconomic performance, and the micro foundations of macroeconomics.