Reduction, Rationality and Game Theory in Marxian Economics PDF Download
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Author: Bruce Philp
Publisher: Routledge
ISBN: 1134444753
Category : Business & Economics
Languages : en
Pages : 157
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Book Description
The main areas of interest in Marxian economics are examined, paying particular attention to class conflict, analytical Marxism and game theory and will be of interest to a wide variety of economists and social scientists.
Author: Bruce Philp
Publisher: Routledge
ISBN: 1134444753
Category : Business & Economics
Languages : en
Pages : 157
Get Book Here
Book Description
The main areas of interest in Marxian economics are examined, paying particular attention to class conflict, analytical Marxism and game theory and will be of interest to a wide variety of economists and social scientists.
Author: Bruce Philp
Publisher: Routledge
ISBN: 1134444745
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
This book examines the main areas of interest in Marxian economics, paying particular attention to class conflict, analytical Marxism and game theory. Very few books can claim to cover the areas that this book does with such clarity, academic rigour and originality. Its study of game theory and Marxism makes it a particularly unique book that will
Author: Eric Aarons
Publisher: Routledge
ISBN: 113403945X
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
The author provides a thorough examination of the theories of Marx and Hayek in the belief that the work of these two thinkers, in their commonalities and differences, successes and failures, contain important indicators of the content of a social philosophy suited to today’s conditions.
Author: Ludo Cuyvers
Publisher: Routledge
ISBN: 1317381823
Category : Business & Economics
Languages : en
Pages : 380
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Book Description
Nearly two hundred years have passed since the birth of Karl Marx and continuing to this day the influence of his economic views, insights and theories can still be felt. However, since the publication of Das Kapital, the scientific community has not been sitting idle – it is time to evaluate Marx as an economist and explore what he can bring to modern economic thinking, particularly post-Keynesian economics. Starting with Marx’s schemes of reproduction, which, it is shown, are the basis of the linear model of production as used since the 1960s by Piero Sraffa, Michio Morishima and others, the book reviews and assesses Marx’s major economic theses. These include: the labour theory of value; accumulation and technical change and its impact on labour; the concept of unproductive labour; the tendential falling rate of profits; the evolution and determinants of the share of wages in national income; as well as short-run and long-run economic dynamics. The Economic Ideas of Marx's Capital updates the theses of the labour theory of value and the conditions for balanced growth using the recent scholarly literature, and also further develops issues related to Marx’s concept of productive labour. Moreover, the book analyses the intellectual relationship of Marx’s economic theory with post-Keynesian neo-Marxism, particularly in the writings of Michal Kalecki, Joan Robinson and others. By doing so, the book shows the need and possibilities of integrating major insights of Marxist and post-Keynesian theory. This volume will be of interest to those who wish to explore Marx’s economic theories through a non-ideological approach, as well as students of Marxist economics, post-Keynesian economics and the history of economic thought.
Author: Andrew Trigg
Publisher: Routledge
ISBN: 1134305664
Category : Business & Economics
Languages : en
Pages : 144
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Book Description
In this book, Andrew Trigg relates Marx's reproduction schema to Keynes's multiplier, Leontieff's input-output analysis, Domar's growth model and Kalecki's principle - in the process offering intriguing and innovative clarifications.
Author: Young Back Choi
Publisher: Routledge
ISBN: 1136648836
Category : Business & Economics
Languages : en
Pages : 265
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Book Description
This book offers a strong contribution to the growing field of institutional economics, going beyond the question of why institutions matter and examines the ways in which different types of institutions are conducive to the enhancement of competitiveness and economic development. Adopting a variety of approaches, ranging from New Institutional Economics, Public Choice, Constitutional Political Economy and Austrian Economics, to more traditional economic approaches, contributors examine the important issues of interest to development economics. This book asks whether democracy is a pre-condition for economic development, what the proper role of government is in the age of globalization and whether successful government led policies were the cause of South Korea’s economic development. As well as these key questions, the book covers the issues of whether the government should rely on the market process to encourage economic development or must they interfere, and by what criteria one can judge a proposal for policies for economic prosperity. The book tries to make a contribution by introducing a variety of perspective, some argue in favour of industrial policies while others argue for a lesser role for the government and a greater entrepreneurial freedom. Some question the wisdom of promoting democracy as a necessary condition for economic development while others argue that political liberalization is the basis of lasting competitive edge of an economy. The book should be of great interest to students and researchers in need of a multi-perspective collection covering several approaches to the issues of institutional economics and national competition.
Author: Robert F Garnett Jr
Publisher: Routledge
ISBN: 1135230609
Category : Business & Economics
Languages : en
Pages : 325
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Book Description
With contributions from a galaxy of economists - including David Colander, Robin Hahnel, Yanis Varioufakis and Fred Lee - this book is an important read and an attempt to break down the varied barriers that have been erected to economic pluralism.
Author: Anastasios Korkotsides
Publisher: Routledge
ISBN: 1135009732
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
Utility-based theory and the fallback choice-theoretic framework are shown to be biased, irremediably flawed and misleading. A radically different theory of value and of consumer behaviour is proposed based on existential interpretations of scarcity, value and self-interest. For self-conscious mortals, only time is scarce. All other is derivative scarcity. Value is in the life, as a knowledge extract of time, which goes into commodities as direct human labour and depreciated capital, through their production. By structuring their preferences, consumers try to confiscate more of such value per unit of expended income, extending their social presence, soothing their angst and gaining power over each other. This raises output and makes gains cancel out. Negative psychological externalities preclude any well-being or social-welfare type conclusion. These resolve a number of long-standing issues: endogenously generated growth, the micro-macro connection, the price mechanism, crises, unemployment, etc. Equilibrium is of a low-potential kind, not of a force-balancing one, and it is unique, reachable and stable. The relevant analytics involve purely economic, non-psychological entities. Consumer behaviour is grounded on a well-defined, structure-based decision criterion and on observably measurable magnitudes, only. The social ramifications of the two juxtaposed perspectives are discussed at length.
Author: Jérôme Ballet
Publisher: Routledge
ISBN: 1135139997
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
The capability approach has developed significantly since Amartya Sen was awarded the Nobel Prize in Economics in 1998. It is now recognised as being highly beneficial in the analysis of poverty and inequality, but also in the redefinition of policies aimed at improving the well-being of individuals. The approach has been applied within numerous sectors, from health and education to sustainable development, but beyond the obvious interest that it represents for the classical economics tradition, it has also encountered certain limitations. While acknowledging the undeniable progress that the approach has made in renewing the thinking on the development and well-being of a population, this book takes a critical stance. It focuses particularly on the approach’s inadequacy vis-à-vis the continental phenomenological tradition and draws conclusions about the economic analysis of development. In a more specific sense, it highlights the fact that the approach is too bound by standard economic logic, which has prevented it from taking account of a key ‘person’ dimension — namely, the ability of an individual to assume responsibility. As a result, this book advocates the notion that if the approach is used carelessly in relation to development policies, it can cause a number of pernicious effects, some of which may lead to disastrous consequences. Due to its multidisciplinary nature, this book will be of interest to those working in the fields of economics, philosophy, development studies and sociology.
Author: Laurent Baronian
Publisher: Routledge
ISBN: 1135043760
Category : Business & Economics
Languages : en
Pages : 411
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Book Description
From his early economic works on, Marx conceived the labour of any kind of society as a set of production activities and analysed the historical modes of production as specific ways of distributing and exchanging these activities. Political economy on the contrary considers the labour only under the form of its product, and the exchange of products as commodities as the unique form of social labour exchange. For Marx, insofar as the labour creating value represents a specific mode of exchanging the society's living labour, general and abstract labour cannot not only be defined as the substance or measure unit of the commodity, as in Smith or Ricardo, but foremost as an expense of living labour, i.e. of nerves, muscles, brain, etc. Hence the twofold nature of living labour, as a concrete activity producing a use value and an expense of human labour in general producing exchange value. Marx himself claimed that this twofold nature of labour creating value was its main and most important contribution to economic science. This book aims at showing how both determines the original categories and economic laws in Capital and constitutes the profound innerspring of Marx's critique of political economy. The role and function of living labour is highlighted by dealing with the difference between Marx and Classics' theories of labour value; money and the problems of its integration in economic analysis, especially in Keynes; the transition from feudalism to capitalism; the theory of capital through a discussion on the Cambridge controversy and the transformation problem; the labour process and the principles of labour management; unemployment and overpopulation; the formulas of capital in the history of economic thought; finally, an interpretation of the current crisis based on Marx's conception of overaccumulation and speculation after having distinguished it from underconsumption and stagnation theories of crises.
