Modern Capital Theory
Author | : Donald Dewey |
Publisher | : New York : Columbia University Press |
Total Pages | : 264 |
Release | : 1965 |
Genre | : Capital |
ISBN | : |
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Author | : Donald Dewey |
Publisher | : New York : Columbia University Press |
Total Pages | : 264 |
Release | : 1965 |
Genre | : Capital |
ISBN | : |
Author | : Murray Brown |
Publisher | : |
Total Pages | : 312 |
Release | : 1976 |
Genre | : Capital |
ISBN | : |
Monograph comprising essays on topics relating to the use of economic theories of capital in economic analysis - discusses the 'Cambridge controversy' in capital theory involving income distribution, rates of investment return and profit, the input output relations with regard to technology and capital goods, and presents three new approaches to capital theory centred on the notion of economic equilibrium and an economic model based on Marxism. Bibliographys after most chapters and graphs.
Author | : m Brown (editor.) |
Publisher | : |
Total Pages | : 0 |
Release | : 1976 |
Genre | : |
ISBN | : |
Author | : Carl Christian von Weizsäcker |
Publisher | : |
Total Pages | : 76 |
Release | : 1972 |
Genre | : Capital |
ISBN | : |
Author | : Thomas Piketty |
Publisher | : Harvard University Press |
Total Pages | : 817 |
Release | : 2017-08-14 |
Genre | : Business & Economics |
ISBN | : 0674979850 |
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
Author | : Malte Faber |
Publisher | : Springer Science & Business Media |
Total Pages | : 205 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642483100 |
During the fifties and the sixties the neoclassical concept of the production function was criticized in numerous papers. In particular, the aggregation of different capital goods into a single number was reprehended. A second essential disadvantage, namely the neglect of the time structure of the production process, found, however, rela tively little attention. While up to the thirties the Austrian capital theory which stressed the time aspect of production was an important school, it fell into oblivion after the great capital controversies of the thirties. It took over thirty years, i. e. till the beginning of the seventies be fore it came to a renaissance of the Austrian capital theory by var ious writers. We may roughly classify the different attempts of Hits rebirth in modern economics" into three groups: 1. The approach of ~ [1970, 1973, 1973a] has received most of the attention in the literature (Burmeister [1974], Faber [1975], Fehl [1975], ~[1975], Hagemann and ~ [1976]). It will be shown in Chapter 9 that ~ is only in so far a Neo-Austrian as he does explicitly take into consideration the vertical time structure of the production process. But he does not use the Austrian concepts of superiority of roundabout methods, of time preference and of the period of production. 2. The latter concept has been revived by the second group, to which Tintner [1970], von Weizs~cker [1971a, 1971b, 1974], ~ [1971, 1976 and ~ [1973, 1975, 1976] belong.
Author | : Peter Lewin |
Publisher | : Cambridge University Press |
Total Pages | : 102 |
Release | : 2019-01-10 |
Genre | : Business & Economics |
ISBN | : 110875273X |
This Element presents a new framework for Austrian capital theory, starting from the notion that capital is value. Capital is the value attributed by the valuer at any moment in time to the combination of production-goods and labor available for production. Capital is the result obtained by calculating the current value of a business-unit or business-project that employs resources over time. It is the result of a (subjective) entrepreneurial calculation process that relates the flow of consumptions goods to the value of the productive resources that will produce those consumptions goods. The entrepreneur is a ubiquitous calculating presence. In a review of the development of Austrian capital theory, by Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann as well as recent contributions, the Element incorporates the seminal contributions into the new framework in order to provide a more accessible perspective on Austrian capital theory.
Author | : Syed Ahmad |
Publisher | : Aldershot, England : E. Elgar |
Total Pages | : 522 |
Release | : 1991 |
Genre | : Business & Economics |
ISBN | : |
This major book presents a comprehensive treatment of modern capital theory. It brings together in a balanced and systematic way, the various approaches to capital theory which have emerged or re-emerged in the most recent controversies on the subject. The book focuses on the main approaches namely simple neoclassical, neo-Austrian, Cambridge and disaggregative intertemporal. In conclusion, the book introduces and applies chaos theory with an assessment of its potential for the future development of the subject.
Author | : Shalom Groll |
Publisher | : |
Total Pages | : 37 |
Release | : 1978 |
Genre | : |
ISBN | : |
Author | : Roger W Garrison |
Publisher | : Routledge |
Total Pages | : 435 |
Release | : 2000-10-19 |
Genre | : Business & Economics |
ISBN | : 1134895895 |
Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of