Download or read book Das House Kapital written by Volker Grossman and published by International Monetary Fund. This book was released on 2017-03-30 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are, by now, several long term, time series data sets on important housing & macro variables, such as land prices, house prices, and the housing wealth-to-income ratio. However, an appropriate theory that can be employed to think about such data and associated research questions has been lacking. We present a new housing & macro model that is designed specifically to analyze the long term. As an illustrative application, we demonstrate that the calibrated model replicates, with remarkable accuracy, the historical evolution of housing wealth (relative to income) after World War II and suggests a further considerable increase in the future. The model also accounts for the close connection of house prices to land prices in the data. We also compare our framework to the canonical housing & macro model, typically employed to analyze business cycles, and highlight the main differences.
Download or read book Das House Kapital written by Volker Grossmann and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The housing wealth-to-income ratio has been increasing in most developed economies since the 1950s. We provide a novel theory to explain this long-term pattern. We show analytically that house prices grow in the steady state if i) the housing sector is more land-intensive than the non-housing sector, or ii) technological progress in the construction sector is weaker than in the non-housing sector. Despite growing house prices and housing wealth, the housing wealth-to income ratio is constant in steady state. We hence study the dynamics in the housing wealth-to- income ratio by computing transitions. The model is calibrated separately to the US, UK, France, and Germany. On average, we replicate 89 percent of the observed increase in the housing wealth-to-income ratio. The key for replicating the data is the differentiation between residential land as a non-reproducible factor and residential structure as reproducible factor. The transition process from the calibrated model points to two driving forces of an increasing housing wealth-to-income ratio: i) A long- lasting construction boom that brought about a pronounced build-up in the stock of structures and ii) an increase in the demand for residential land that resulted in surging residential land prices.
Download or read book Das House Kapital written by Volker Grossmann and published by . This book was released on 2016 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a novel macroeconomic model that is specifically designed to investigate the evolution of housing wealth. To capture the importance of land as an input factor for housing production and for the evolution of wealth in a growing economy, the analysis builds on three premises: (1) the overall land endowment is fixed; (2) the production of new houses requires land as an essential input, whereas replacement investment does not; (3) land employed for real estate development must be permanently withdrawn from alternative uses. The calibrated model replicates the historical evolution of housing wealth after Word War II remarkably accurately and accounts for the close connection of house prices to land prices in the data. It suggests a considerable further increase in housing wealth, relative to income, that is associated with a future surge in land prices and house prices. The model also provides new insights into the dynamics of non-residential wealth.
Download or read book Das Kapital written by Karl Marx and published by Simon and Schuster. This book was released on 2012-03-27 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most notorious works of modern times, as well as one of the most influential, Capital is an incisive critique of private property and the social relations it generates. Living in exile in England, where this work was largely written, Marx drew on a wide-ranging knowledge of its society to support his analysis and generate fresh insights. Arguing that capitalism would create an ever-increasing division in wealth and welfare, he predicted its abolition and replacement by a system with common ownership of the means of production. Capital rapidly acquired readership among the leaders of social democratic parties, particularly in Russia and Germany, and ultimately throughout the world, to become a work described by Marx's friend and collaborator Friedrich Engels as 'the Bible of the Working Class'.
Download or read book Capital in the Twenty First Century written by Thomas Piketty and published by Harvard University Press. This book was released on 2017-08-14 with total page 817 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
Download or read book Capital written by Carl Marx and published by Createspace Independent Publishing Platform. This book was released on 2018-04 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written: in draft by Marx 1863-1878, edited for publication by Engels; First published: in German in 1885, authoritative revised edition in 1893; Source: First English edition of 1907; Published: Progress Publishers, Moscow, 1956, USSR.
Download or read book The Communist Manifesto and Das Kapital written by Karl Marx and published by Knickerbocker Classics. This book was released on 2019-02-12 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unabridged versions of these definitive works are now available together as a highly designed paperback with flaps with a new introduction by Robert Weick. Part of the Knickerbocker Classics series, a modern design makes this timeless book a perfect travel companion. Considered to be one of the most influential political writings, The Communist Manifesto is as relevant today as when it was originally published. This pamphlet by the German philosophers Karl Marx and Friedrich Engels, published in 1884 as revolutions were erupting across Europe, discusses class struggles and the problems of a capitalist society. After being exiled to London, Marx published the first part of Das Kapital, a theoretical text that argues that capitalism will create greater and greater division in wealth and welfare and ultimately be replaced by a system of common ownership of the means of production. After Marx's death, Engels completed and published the second and third parts from his colleague's notes. The Knickerbocker Classics bring together the essential works of classic authors from around the world in stunning editions to be collected and enjoyed.
Download or read book Das Kapital Centenary Volume written by Mohit Sen and published by . This book was released on 1968 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technological Dictionary in the English German French Languages written by Anonymous and published by BoD – Books on Demand. This book was released on 2023-05-16 with total page 866 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reprint of the original, first published in 1874.
Download or read book Love and Capital written by Mary Gabriel and published by Little, Brown. This book was released on 2011-09-14 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brilliantly researched and wonderfully written, LOVE AND CAPITAL reveals the rarely glimpsed and heartbreakingly human side of the man whose works would redefine the world after his death. Drawing upon previously unpublished material, acclaimed biographer Mary Gabriel tells the story of Karl and Jenny Marx's marriage. Through it, we see Karl as never before: a devoted father and husband, a prankster who loved a party, a dreadful procrastinator, freeloader, and man of wild enthusiasms-one of which would almost destroy his marriage. Through years of desperate struggle, Jenny's love for Karl would be tested again and again as she waited for him to finish his masterpiece, Capital. An epic narrative that stretches over decades to recount Karl and Jenny's story against the backdrop of Europe's Nineteenth Century, LOVE AND CAPITAL is a surprising and magisterial account of romance and revolution-and of one of the great love stories of all time.
Download or read book Housing Capital written by Simone Derix and published by Walter de Gruyter GmbH & Co KG. This book was released on 2017-10-23 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout history, houses have been an economic resource as much as a means of social, political and cultural agency. From the early modern period to the 20th century, the multifaceted capital of houses linked individuals, families and societies in specific ways. The essays collected here probe the material texture of past societies concerning the inheritance, value, sale or maintenance of houses as well as the symbolic meanings that houses conveyed.
Download or read book Britain and Germany Compared written by Joseph Canning and published by Wallstein Verlag. This book was released on 2001 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marx s Capital and One Free World written by Tadas Horie and published by Springer. This book was released on 1991-06-18 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to clarify what the author believes to be the fallacy of the infallibility of Marx's "Capital" and Marxist ideology in general. Other works by the author include "Marxian Economics and Reality", and "The Critique of Dialectic Economics".
Download or read book MARX S DAS KAPITAL A BIOGRAPHY written by Francis Wheen and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Friedrich Engels written by W. O. Henderson and published by Routledge. This book was released on 2013-11-05 with total page 915 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1976. The year 1970 saw the 150th anniversary of the birth of Friedrich Engels who was Karl Marx's most intimate friend and collaborator. Today the disciples of Marx and Engels are numbered in millions and the way of life of great states is based upon their doctrines. An understanding of the career and work of Friedrich Engels is essential to an appreciation of the origin and development of the Marxist form of socialism in the nineteenth century. This is the first volume in a set of two.
Download or read book Marx s Economic Manuscript of 1864 1865 written by Fred Moseley and published by BRILL. This book was released on 2015-09-29 with total page 999 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marx’s only full draft of Volume III of Capital was written in the Economic Manuscript of 1864—1865. The Volume III that we know was heavily edited by Engels. It has been a long-standing question in Marxian scholarship whether or not there are significant differences between Marx’s original manuscript and Engels’s edited version. Marx’s manuscript was published for the first time in German in 1992 in the Marx/Engels Gesamtausgabe, Section II, Volume 4.2, but this important manuscript has not previously been translated into English. The publication of this English translation of Marx’s original manuscript is thus an important event in Marxian scholarship. English-speaking Marxist scholars can finally compare Engels’s Volume III with Marx’s original manuscript and evaluate for themselves the significance of the differences.
Download or read book Marx and the Third World written by Umberto Melotti and published by Springer. This book was released on 1977-12-01 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
