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Author: Leonidas Zelmanovitz
Publisher: Rowman & Littlefield
ISBN: 1793605017
Category : Business & Economics
Languages : en
Pages : 265
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Book Description
This book proposes a “representational” theory of capital according to which there is a relation between capital goods in the real side of the economy and instruments representative of property claims on those goods in the abstract side. Financial instruments are treated herein as a particularly liquid form of property claim. The relation proposed between these two things is a loose rather than a direct one, and the causes for (and consequences of) the looseness are explored in the book. This book aims not merely to simplify our understanding of the relationship between “things” and “claims to things,” but to make explicit and precise what many current researchers assume implicitly and, consequently, imprecisely. This book will be a tool that researchers can apply to their own research, in the form of a standard by which inconsistencies in the literature on Capital Theory can be identified. Understanding what capital is requires delving into its nature on both the real and the abstract sides. In regard to capital goods, what they actually are is made clearer by the thesis that they exist on a spectrum with respect to consumer goods. In going back to the philosophical and economic basics, no claim is made of being comprehensive. The argument is that a crucial idea for our understanding of what capital is that actual capital goods (and processes, and knowledge) are represented in financial instruments and other property claims. A formal treatment that lays out the philosophical and economic basics is necessary to put this idea across, and the model proposed in the book is a first step in that direction. Further, by laying out the philosophical and economic basics of the theory, the book offers the reader the reasons why having a clearer concept of capital is an important tool for wealth creation, and why wealth creation is, more than never, necessary for our individual wellbeing and the flourishing of our civilization.
Author: Leonidas Zelmanovitz
Publisher: Rowman & Littlefield
ISBN: 1793605017
Category : Business & Economics
Languages : en
Pages : 265
Get Book Here
Book Description
This book proposes a “representational” theory of capital according to which there is a relation between capital goods in the real side of the economy and instruments representative of property claims on those goods in the abstract side. Financial instruments are treated herein as a particularly liquid form of property claim. The relation proposed between these two things is a loose rather than a direct one, and the causes for (and consequences of) the looseness are explored in the book. This book aims not merely to simplify our understanding of the relationship between “things” and “claims to things,” but to make explicit and precise what many current researchers assume implicitly and, consequently, imprecisely. This book will be a tool that researchers can apply to their own research, in the form of a standard by which inconsistencies in the literature on Capital Theory can be identified. Understanding what capital is requires delving into its nature on both the real and the abstract sides. In regard to capital goods, what they actually are is made clearer by the thesis that they exist on a spectrum with respect to consumer goods. In going back to the philosophical and economic basics, no claim is made of being comprehensive. The argument is that a crucial idea for our understanding of what capital is that actual capital goods (and processes, and knowledge) are represented in financial instruments and other property claims. A formal treatment that lays out the philosophical and economic basics is necessary to put this idea across, and the model proposed in the book is a first step in that direction. Further, by laying out the philosophical and economic basics of the theory, the book offers the reader the reasons why having a clearer concept of capital is an important tool for wealth creation, and why wealth creation is, more than never, necessary for our individual wellbeing and the flourishing of our civilization.
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: Eugen von Böhm-Bawerk
Publisher: Ludwig von Mises Institute
ISBN: 1610163648
Category : Capital
Languages : en
Pages : 468
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Book Description
Author: Paul Mattick
Publisher: BRILL
ISBN: 9004366571
Category : Political Science
Languages : en
Pages : 293
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Book Description
Theory as Critique, while discussing many central issues of Marxian theory, has two main emphases: First, as the title suggests, it takes seriously Capital’s claim to be a critique of economic theory, rather than a contribution to political economy. Understanding what this means, it shows, goes far to unravelling many difficulties traditionally found in Marx’s book, from the nature of his theory of class to the 'transformation problem'. Secondly, Mattick’s volume carefully explores how to bridge the gap between the extreme abstraction of Marx’s ideas and the complex reality that they are intended to help us understand.
Author: Vivek Chibber
Publisher: Verso Books
ISBN: 1784786950
Category : Political Science
Languages : en
Pages : 305
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Book Description
Leading thinkers’ critiques of award-winning Postcolonial Theory, as well as the author’s responses and reformulations Vivek Chibber’s Postcolonial Theory and the Specter of Capital was hailed on publication as “without any doubt … a bomb,” and “the most substantive effort to dismantle the field through historical reasoning published to date.” It immediately unleashed one of the most important recent debates in social theory, ranging across the humanities and social sciences, on the status of postcolonial studies, modernity, and much else. This book brings together major critics of Chibber’s work to assess the efficacy of his argument from differing perspectives. Included are Chibber’s own spirited responses and reformulations in light of these criticisms. With contributions by Partha Chatterjee, Gayatri Spivak, Bruce Robbins, Ho-fung Hung, William H. Sewell, Jr., Bruce Cumings, George Steinmetz, Michael Schwartz, David Pederson, Stein Sundstøl Eriksen, and Achin Vanaik.
Author: John Guillory
Publisher: University of Chicago Press
ISBN: 0226830594
Category : Canon (Literature)
Languages : en
Pages : 435
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Book Description
"Since its initial publication in 1993, John Guillory's Cultural Capital has been a signal text for understanding the compilation and codification of what was once known, unassailably, as the literary canon. Cultural Capital challenges the putative objectivity of aesthetic judgment and exposes the unequal distribution of symbolic and literary knowledge on which "culture" had long been based. Now, as the "crisis of the canon" has evolved into the "crisis of humanities," Guillory's groundbreaking, incisive work has never been more relevant and urgent. As scholar and critic Merve Emre writes in her introduction to this new edition: "Exclusion, selection, reflection, representation-these are the terms on which the canon wars of the last century were fought, and the terms that continue to inform debates about, for instance, decolonizing the curriculum and the rhetoric of antiracist pedagogy.""--
Author: Dale Weldeau Jorgenson
Publisher: MIT Press
ISBN: 9780262100564
Category : Business & Economics
Languages : en
Pages : 546
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Book Description
V.1 Capital theory and investment behavior -- V.2 Tax policy and the cost of capital.
Author: C. J. Bliss
Publisher: Elsevier
ISBN: 1483275272
Category : Business & Economics
Languages : en
Pages : 393
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Book Description
Advanced Textbooks in Economics, Volume 4: Capital Theory and the Distribution of Income focuses on the interconnection of capital theory and the distribution of income, including marginal products, capital, interest rates, and price systems. The book first takes a look at production without capital, equilibrium, prices, and time, and semi-stationary growth, as well as the existence of constant-rate-of-interest price systems. The manuscript then discusses marginal products and capital and the Cambridge model. The text examines the aggregation of miscellaneous objects, production function, linear production model, and efficiency, production prices, and rates of return, as well as prices and efficiency for infinite developments. The manuscript also ponders on investment, structure of interest rates, and disputations. Discussions focus on sets and convex sets, concave functions, and linear and non-linear programming. The publication is a dependable source of data for economists and researchers interested in capital theory and the distribution of income.
Author: Dulfo
Publisher: Springer Science & Business Media
ISBN: 1461244862
Category : Mathematics
Languages : en
Pages : 234
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Book Description
Ever since its introduction around 1960 by Kirillov, the orbit method has played a major role in representation theory of Lie groups and Lie algebras. This book contains the proceedings of a conference held from August 29 to September 2, 1988, at the University of Copenhagen, about "the orbit method in representation theory." It contains ten articles, most of which are original research papers, by well-known mathematicians in the field, and it reflects the fact that the orbit method plays an important role in the representation theory of semisimple Lie groups, solvable Lie groups, and even more general Lie groups, and also in the theory of enveloping algebras.
Author: Mark Chiang
Publisher: NYU Press
ISBN: 0814717004
Category : Education
Languages : en
Pages : 260
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Book Description
Originating in the 1968 student-led strike at San Francisco State University, Asian American Studies was founded as a result of student and community protests that sought to make education more accessible and relevant. While members of the Asian American communities initially served on the departmental advisory boards, planning and developing areas of the curriculum, university pressures eventually dictated their expulsion. At that moment in history, the intellectual work of the field was split off from its relation to the community at large, giving rise to the entire problematic of representation in the academic sphere. Even as the original objectives of the field have remained elusive, Asian American studies has nevertheless managed to establish itself in the university. Mark Chiang argues that the fundamental precondition of institutionalization within the university is the production of cultural capital, and that in the case of Asian American Studies (as well as other fields of minority studies), the accumulation of cultural capital has come primarily from the conversion of political capital. In this way, the definition of cultural capital becomes the primary terrain of political struggle in the university, and outlines the very conditions of possibility for political work within the academy. Beginning with the theoretical debates over identity politics and cultural nationalism, and working through the origins of ethnic studies in the Third World Strike, the formation of the Asian American literary field, and the Blu’s Hanging controversy, The Cultural Capital of Asian American Studies articulates a new and innovative model of cultural and academic politics, illuminating the position of ethnic studies within the American university.
