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Author: Pierangelo Garegnani
Publisher: Springer Nature
ISBN: 3031236432
Category : Capital
Languages : en
Pages : 555
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Book Description
This book presents a representative set of Pierangelo Garegnanis (1930-2011) works on the theory of value and distribution. It features a selection of essays, chosen by Garegnani himself, concerning central aspects of his work: first and foremost, the continuation and development of Piero Sraffa's effort to elaborate an alternative to the dominance of marginalist thought on the theory of value and distribution. Garegnani articulates and extends Sraffas contribution in two directions: the critique of marginalist theory with respect to the treatment of capital, and the reappraisal of the surplus approach to distribution proper to classical political economy. In turn, these two strands of analysis are combined in Garegnanis project to make the Keynesian principle of effective demand more robust and general by dropping the unnecessary elements of marginalism and linking it to the classical explanation of distribution. This book reveals how Garegnanis contribution has advanced the degree of theoretical elaboration for several issues that fall within the developmental paths of economic analysis opened by Sraffa and Keynes. It begins with a comprehensive introduction in which Garegnani illustrates the conceptual path that links the contributions presented here. The starting point of this intellectual journey is Garegnanis previously unpublished doctoral thesis A Problem in the Theory of Distribution from Ricardo to Wicksell, prepared at the University of Cambridge under the supervision of Piero Sraffa and Maurice Dobb, which is followed by various essays selected by Garegnani on the critique of marginalist theories, the classical approach to value and distribution, and the role of aggregate demand for the long-run trends of output and capital accumulation. The book is a must-read for all scholars interested in the resumption and development of the classical approach, as well as economic theory in general, and the history of economic thought. .
Author: Peter Lewin
Publisher: Taylor & Francis
ISBN: 0429633181
Category : Business & Economics
Languages : en
Pages : 163
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Book Description
This book applies finance to the field of capital theory. While financial economics is a well-established field of study, the specific application of finance to capital theory remains unexplored. It is the first book to comprehensively study this financial application, which also includes modern financial tools such as Economic Value Added (EVA®). A financial application to the problem of the average period of production includes two discussions that unfold naturally from this application. The first one relates to the dual meaning of capital, one as a monetary fund and the other one as physical (capital) goods. The second concerns its implications for business-cycle theories. This second topic (1) provides a solid financial microeconomic foundation for business cycles and, also (2) makes it easy to compare different business-cycle theories across the average period of production dimension. By clarifying the obscure concept of average period of production, the authors make it easier to analyze the similarities with and differences from other business-cycle theories. By connecting finance with capital theory, they provide a new point of view and analysis of the long-standing problems in capital theory as well as other related topics such as the use of neoclassical production functions and theorizing about business cycles. Finally, they emphasize that the relevance of their application rests on both its policy implications and its contributions to contemporary economic theory.
Author: John Eatwell
Publisher: Springer
ISBN: 1349208612
Category : Business & Economics
Languages : en
Pages : 287
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Book Description
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of capital theory.
Author: F. A. Hayek
Publisher: Routledge
ISBN: 1136748865
Category : Business & Economics
Languages : en
Pages : 461
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Book Description
F. A. Hayek’s long-overlooked volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to discover. With a new introduction by Hayek expert Lawrence H. White, who firmly situates the book not only in historical and theoretical context but within Hayek’s own life and his struggle to complete the manuscript, this edition commemorates the celebrated scholar’s last major work in economics. Offering a detailed account of the equilibrium relationships between inputs and outputs in an economy, Hayek’s stated objective was to make capital theory "useful for the analysis of the monetary phenomena of the real world.” His ambitious goal was nothing less than to develop a capital theory that could be fully integrated into the business cycle theory.
Author: Julia Häuberer
Publisher: Springer Science & Business Media
ISBN: 3531926462
Category : Social Science
Languages : en
Pages : 315
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Book Description
The field of social capital still lacks a recognized general theory. Accordingly, various and sometimes inappropriate measurements are used for it. Julia Häuberer contributes to filling in this gap and provides progress towards the creation of a formalized social capital theory based on the founding concepts of social capital of Bourdieu (1983) and Coleman (1988), and current concepts of Putnam (2000), Burt (1992) and Lin (2001). The second part of the monograph focuses on the quality of measurements of the more general concept of social capital derived in the first part. Therefore, the telephone survey “Social Relationships among Czech Citizens” conducted as a test-retest experiment is analyzed. This book is valuable reading for academics in Sociology and Political Science.
Author: Eugen von Böhm-Bawerk
Publisher: Jazzybee Verlag
ISBN:
Category : Business & Economics
Languages : en
Pages : 476
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Book Description
Von Boehm-Bawerk is one of the leading economists of the so-called Austrian school. With Karl Menger and others, he has contributed to the development of a theory of value which has received wide acceptance, and has been the cause of still wider discussion, in the economic world. This theory, as elaborated by Boehm von Bawerk, is based largely upon psychological principles. Its chief feature consists in a searching analysis of ‘subjective value.’ In his “Capital and Interest”, the author makes a brilliant and original study of these two subjects. “The Positive Theory of Capital” is the successor to the work mentioned above.
Author: Vivek Chibber
Publisher: Verso Books
ISBN: 1844679764
Category : Political Science
Languages : en
Pages : 321
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Book Description
Postcolonial theory has become enormously influential as a framework for understanding the Global South. It is also a school of thought popular because of its rejection of the supposedly universalizing categories of the Enlightenment. In this devastating critique, mounted on behalf of the radical Enlightenment tradition, Vivek Chibber offers the most comprehensive response yet to postcolonial theory. Focusing on the hugely popular Subaltern Studies project, Chibber shows that its foundational arguments are based on a series of analytical and historical misapprehensions. He demonstrates that it is possible to affirm a universalizing theory without succumbing to Eurocentrism or reductionism. Postcolonial Theory and the Specter of Capital promises to be a historical milestone in contemporary social theory.
Author: Nan Lin
Publisher: Cambridge University Press
ISBN: 9780521521673
Category : Business & Economics
Languages : en
Pages : 298
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Book Description
1. Theories of Capital: The Historical Foundation. 3. 2. Social Capital: Capital Captured through Social Relations. 19. 3. Resources, Hierarchy, Networks, and Homophily: The Structural Foundation. 29. 4. Resources, Motivations, and Interactions: The Action Foundation. 41. 5. The Theory and Theoretical Propositions. 55. 6. Social Capital and Status Attainment: A Research Tradition. 78. 7. Inequality in Social Capital: A Research Agenda. 99. 8. Social Capital and the Emergence of Social Structure: A Theory of Rational Choice. 127. 9. Reputation and Social Capital: The Rational Basis for Social Exchange. 143. 10. Social Capital in Hierarchical Structures. 165. 11. Institutions, Networks, and Capital Building: Societal Transformations. 184. 12. Cybernetworks and the Global Village: The Rise of Social Capital. 210. 13. The Future of the Theory. 243. . References. 251. . Index. 267.
Author: Robert Becker
Publisher: Wiley-Blackwell
ISBN: 9781557864130
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
In Capital Theory and Equilibrium Analysis and Recursive Utility, Robert Becker and John Boyd have synthesized their previously unpublished work on recursive models.
Author: Gary S. Becker
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP).
Author: Pierangelo Garegnani
Publisher: Springer Nature
ISBN: 3031236432
Category : Capital
Languages : en
Pages : 555
Get Book Here
Book Description
This book presents a representative set of Pierangelo Garegnanis (1930-2011) works on the theory of value and distribution. It features a selection of essays, chosen by Garegnani himself, concerning central aspects of his work: first and foremost, the continuation and development of Piero Sraffa's effort to elaborate an alternative to the dominance of marginalist thought on the theory of value and distribution. Garegnani articulates and extends Sraffas contribution in two directions: the critique of marginalist theory with respect to the treatment of capital, and the reappraisal of the surplus approach to distribution proper to classical political economy. In turn, these two strands of analysis are combined in Garegnanis project to make the Keynesian principle of effective demand more robust and general by dropping the unnecessary elements of marginalism and linking it to the classical explanation of distribution. This book reveals how Garegnanis contribution has advanced the degree of theoretical elaboration for several issues that fall within the developmental paths of economic analysis opened by Sraffa and Keynes. It begins with a comprehensive introduction in which Garegnani illustrates the conceptual path that links the contributions presented here. The starting point of this intellectual journey is Garegnanis previously unpublished doctoral thesis A Problem in the Theory of Distribution from Ricardo to Wicksell, prepared at the University of Cambridge under the supervision of Piero Sraffa and Maurice Dobb, which is followed by various essays selected by Garegnani on the critique of marginalist theories, the classical approach to value and distribution, and the role of aggregate demand for the long-run trends of output and capital accumulation. The book is a must-read for all scholars interested in the resumption and development of the classical approach, as well as economic theory in general, and the history of economic thought. .
