Growth, Profits and Property: Essays in the Revival of Political EconomyEdward J. Nell CUP Archive, 1979 - 304 pages This collection of essays is designed to illustrate the variety, complexity and power of non-neoclassical economic thinking. The essays define the fundamental questions differently, employ different analytical tools and arrive at different conclusions. The two strands of non-neoclassical thinking that occupy most of the book are the neo-Keynesian and the neo-Marxian. The bulk of the book is composed of essays on microeconomics, macroeconomics, trade, comparative systems and welfare, with an unusual section on property rights and social hierarchy. |
Contents
The revival of political economy | 19 |
Robinson Crusoe and the secret of primitive accumulation | 29 |
A postmortem on the neoclassical parable 133 | 43 |
The end of orthodox capital theory | 64 |
Humbug II | 80 |
Microeconomics 99 | 99 |
A general model of investment and pricing | 118 |
a theoretical framework for monetary analysis | 137 |
A classical model of business cycles | 173 |
a radical approach | 189 |
The laws of international exchange | 204 |
A radical critique of welfare economics | 239 |
Property theory and orthodox economics | 250 |
is postKeynesian theory neoMarxist? | 267 |
Cambridge economics as commodity fetishism | 276 |
Epilogue | 303 |
Other editions - View all
Growth, Profits and Property: Essays in the Revival of Political Economy Edward J. Nell No preview available - 1980 |
Common terms and phrases
accumulation aggregate analysis assets assumed assumption average basic buyers Cambridge Cantabrigians capi capitalist capitalist economy commodity competitive concept constant consumption costs countries curve determined duction economic economists effective demand employment equal Equation equilibrium ex ante exchange existence expectations factor Figure firm given gold growth Hence higher increase industry input investment Keynes Keynes's Keynesian labor labor power labor-time law of value lower machine marginal product Marx Marx's means of production megacorp ment money wages neoclassical theory neoclassicism nomic output Pareto optimality party period problem production function production process profit rate quantity rate of interest rate of profit ratio real wage rela relative result returns to scale Ricardo sector sellers share society Solow Sraffa supply surplus surplus-value technique theoretical tion tive trade value of capital wage rate wage-profit welfare economics workers