Growth, Profits and Property: Essays in the Revival of Political Economy

Growth, Profits and Property: Essays in the Revival of Political Economy

by Edward J. Nell (Editor)


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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.

Product Details

ISBN-13: 9780521319188
Publisher: Cambridge University Press
Publication date: 08/31/1984
Pages: 320
Product dimensions: 7.00(w) x 10.00(h) x 0.80(d)

Table of Contents

Introduction Cracks in the neoclassical mirror: on the break-up of a vision Edward J. Nell; Part I. Class relations in circulation and production: 1. The revival of political economy Edward J. Nell; 2. Robinson Crusoe and the secret of primitive accumulation Stephen Hymer; Part II. The Cambridge criticisms: 3. A postmortem on the neoclassical "parable" Donald J. Harris; 4. The end of orthodox capital theory Scott Moss; 5. Laws of production and laws of algebra: Humbug II Anwar Shaikh; Part III. Microeconomics: 6. Competition and price-taking behaviour Edward J. Nell; 7. A general model of investment and pricing Alfred S. Eichner; Part IV. Macroeconomics: 8 Keynes's paradigm: a theoretical framework for monetary analysis Paul Davidson and J. A. Kregel; 9. A post-Keynesian development model of the "Keynesian" model G. C. Harcourt; 10. A simple framework for the analysis of taxation, distribution, and effective demand John Eatwell; 11. A classical model of business cycles Alfredo Medio; Part V. International trade: 12. Internationalization of capital and international politics: a radical approach Stephen Hymer; 13. The laws of international exchange Anwar Shaikh; Part VI. Property and welfare: 14. A radical critique of welfare economics E. K. Hunt; 15. Property theory and orthodox economics David P. Ellerman; Part VII. Marxism and modern economics: 16. Marx, Keynes, and social change: is post-Keynesian theory neo-Marxist? J. A. Kregel; 17. Cambridge economics as commodity fetishism Frank Roosevelt; Epilogue

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