Classical Economic Theory And The Modern Economy PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Classical Economic Theory And The Modern Economy PDF full book. Access full book title Classical Economic Theory And The Modern Economy.
Author | : Steven Kates |
Publisher | : Edward Elgar Publishing |
Total Pages | : 264 |
Release | : 2020-06-26 |
Genre | : Business & Economics |
ISBN | : 1786433575 |
Download Classical Economic Theory and the Modern Economy Book in PDF, ePub and Kindle
Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.
Author | : Heinz D. Kurz |
Publisher | : Routledge |
Total Pages | : 351 |
Release | : 2005-08-12 |
Genre | : Business & Economics |
ISBN | : 113420227X |
Download Classical Economics and Modern Theory Book in PDF, ePub and Kindle
The well known economists Kurz and Salvadori cover original findings and new vistas on old problems including alternative interpretations of classical economics, new groth theory, Sraffian theory and Von Neumann and the treatment of capital.
Author | : Theodore Mariolis |
Publisher | : Springer |
Total Pages | : 253 |
Release | : 2016-01-13 |
Genre | : Political Science |
ISBN | : 4431550046 |
Download Modern Classical Economics and Reality Book in PDF, ePub and Kindle
This book presents an in-depth, novel, and mathematically rigorous treatment of the modern classical theory of value based on the spectral analysis of the price–profit–wage rate system. The classical theory is also subjected to empirical testing to show its logical consistency and explanatory content with respect to observed phenomena and key economic policy issues related to various multiplier processes. In this context, there is an examination of the trajectories of relative prices when the distributive variables change, both theoretically and empirically, using actual input–output data from a number of quite divers e economies. It is suggested that the actual economies do not behave like the parable of a one-commodity world of the traditional neoclassical theory, which theorizes the relative scarcities of “goods and production factors” as the fundamental determinants of relative prices and their movement. By contrast, the results of the empirical analysis are fully consistent with the modern classical theory, which makes the intersectoral structure of production and the way in which net output is distributed amongst its claimants the fundamental determinants of price magnitudes. At the same time, however, these results indicate that only a few vertically integrated industries (“industry core” or “hyper-basic industries”) are enough to shape the behaviour of the entire economy in the case of a disturbance. This fact is reduced to the skew distribution of the eigenvalues of the matrices of vertically integrated technical coefficients and reveals that, across countries and over time, the effective dimensions of actual economies are surprisingly low. Normal 0 false false false EN-US JA X-NONE />
Author | : Lefteris Tsoulfidis |
Publisher | : Springer Nature |
Total Pages | : 465 |
Release | : 2019-09-05 |
Genre | : Political Science |
ISBN | : 3030179672 |
Download Classical Political Economics and Modern Capitalism Book in PDF, ePub and Kindle
This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx, while also operationalizing more recent theoretical developments inspired by the works of Sraffa and other modern classical economists, using actual data from major economies. On the basis of this approach, the book subsequently provides alternative explanations for various microeconomic issues such as the determination of equilibrium prices and their movement induced by changes in income distribution; the dynamics of competition of firms within and between industries; the law of tendential equalization of interindustry profit rates; and international exchanges and transfers of value; as well as macroeconomic issues concerning capital accumulation and cyclical economic growth. Given its scope, the book will benefit all researchers, students, and policymakers seeking new explanations for observed phenomena and interested in the mechanisms that give rise to surface economic categories, such as prices, profits, the unemployment rate, interest rates, and long economic cycles.
Author | : Lionel Robbins Baron Robbins |
Publisher | : Transaction Publishers |
Total Pages | : 268 |
Release | : |
Genre | : |
ISBN | : 0202369641 |
Download The Evolution of Modern Economic theory Book in PDF, ePub and Kindle
Author | : Carl Cone |
Publisher | : Routledge |
Total Pages | : 300 |
Release | : 2017-09-29 |
Genre | : Business & Economics |
ISBN | : 1351483242 |
Download The Evolution of Modern Economic Theory Book in PDF, ePub and Kindle
The long paper which gives the title to this collection and which has never before been published as paperback was initially an attempt to promote international academic understanding. The Economics Department at the London School of Economics had arranged a colloquy between two groups of Russian and British economists; and where the author asked to contribute a general survey of the present state of economic theory as taught in Western centers. For reasons, which are explained in the opening section, the author decided to adopt an historical approach; and the notes on which the present paper is based were the result.The remainders of the papers have as their common denominator a continuing interest in the history of economic thought. Beginning with a lengthy critique of Schumpeter's magisterial History of Economic Analysis, they range from an appraisal of Bentham's continuing relevance to a review of Robertson's Lectures on Economic Principles, with some special attention to John Stuart Mill both as a human being and as an economist. They have been written at various times in the last thirty-five years; and minute scrutiny, if such were thought to be worthwhile--which of course it is not--might detect some variations of emphasis, particularly perhaps in the implicit valuations of Marshall and his contribution, in the papers on Wicksteed and Schumpeter's History respectively. But in spite of a certain shift of perspective here, the author thought it worthwhile to attempt substantial redrafting.Apart from the correction of obvious inelegances or actual errors, the excision of some duplicating quotations and, in a few cases, the addition of supplementary material and references, the papers are reproduced as originally written. In each instance the author has given footnote acknowledgements of the place of original publication.
Author | : Lord Robbins |
Publisher | : Springer |
Total Pages | : 264 |
Release | : 1970-06-18 |
Genre | : Business & Economics |
ISBN | : 1349008761 |
Download The Evolution of Modern Economic Theory Book in PDF, ePub and Kindle
Author | : Lionel Robbins Baron Robbins |
Publisher | : |
Total Pages | : 276 |
Release | : 1970 |
Genre | : Economics |
ISBN | : |
Download The Evolution of Modern Economic Theory and Other Papers on the History of Economic Thought Book in PDF, ePub and Kindle
Author | : Heinz D. Kurz |
Publisher | : Routledge |
Total Pages | : 292 |
Release | : 2002-09-11 |
Genre | : Business & Economics |
ISBN | : 1134724969 |
Download Understanding 'Classical' Economics Book in PDF, ePub and Kindle
The essays in this collection argue that the 'classical' approach to economic problems holds the key to an explanation of important present day economic phenomena.
Author | : Christopher Torr |
Publisher | : Routledge |
Total Pages | : 162 |
Release | : 2019-03-06 |
Genre | : Political Science |
ISBN | : 0429698518 |
Download Equilibrium, Expectations, And Information Book in PDF, ePub and Kindle
This book attempts to elucidate the views of Keynes's General Theory as far as equilibrium, expectations and information are concerned, and compares them with those of modern classical economists of the Chicago and Ricardian persuasion.