Download or read book Profit Theory and Capitalism written by Mark Obrinsky and published by University of Pennsylvania Press. This book was released on 2015-10-12 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pursuit of profit by business motivates the capitalist economic system. Understanding profits, therefore, especially the source of profits, is essential to an understanding of capitalism. Mark Obrinsky claims that there has never been an adequate profit theory in mainstream economics. To find the source of profits, he argues, one needs to look beyond ownership of the productive factors of land, labor, and capital. Profit Theory and Capitalism makes a sharply reasoned and accessible contribution to critical theory, the history of economic thought, and post-Keynesian theory. Its insights will be of value to all students and theorists working in the area of income distribution.
Download or read book Twilight Capitalism written by Murray E.G. Smith and published by Fernwood Publishing. This book was released on 2021-04-10T00:00:00Z with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-first-century capitalism has little more to offer than a menu of despair: pandemics, deepening inequality, worsening depression, runaway climate change, intensifying authoritarianism and escalating militarism. Twilight Capitalism offers a wide-ranging analysis of the origins, implications and scope of the “combined” social crisis of 2020 and beyond. A compelling case is made that Karl Marx’s critical analysis of capitalism, along with his program of class-struggle socialism, is essential to understanding and addressing the most important social, economic and ecological problems of our time.
Download or read book Democracy at Work written by Richard Wolff and published by Haymarket Books. This book was released on 2012-10-02 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: What, and who, are we working for? A thoughtful assessment on our current society from “probably America’s most prominent Marxist economist” (The New York Times). Capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid-for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid, and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our society is not delivering the results people need and deserve. One key cause for this intolerable state of affairs is the lack of genuine democracy in our economy as well as in our politics. The solution requires the institution of genuine economic democracy, starting with workers managing their own workplaces, as the basis for a genuine political democracy. Here Richard D. Wolff lays out a hopeful and concrete vision of how to make that possible, addressing the many people who have concluded economic inequality and politics as usual can no longer be tolerated and are looking for a concrete program of action. “Wolff’s constructive and innovative ideas suggest new and promising foundations for much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times.” —Noam Chomsky, leading public intellectual and author of Hope and Prospects
Download or read book Profits in Economic Theory written by Michael Charles Howard and published by London : Macmillan. This book was released on 1983 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wages Profit Taxation written by Péter Erdős and published by . This book was released on 1982 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the theory of value, the trading value of money and price levels, short and long term nominal and real wages; profit theory; non-productive employment and taxation; and stagnation and inflation.
Download or read book The Basic Theory of Capitalism written by Makoto Itoh and published by Rowman & Littlefield. This book was released on 1988 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning with a clear-cut review of the major economic schools, this book systematically studies the strengths and weaknesses in Marx's Capital proposes original solutions to the issues of value, labor and crises. The author thus provides an insight into the basic character of capitalism and its superficial forms and social substance.
Download or read book Capitalism written by Anwar Shaikh and published by Oxford University Press. This book was released on 2016-01-15 with total page 1019 pages. Available in PDF, EPUB and Kindle. Book excerpt: Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.
Download or read book A Comparative Political Economy of Capitalist Profit Theory written by Robin Koren Chang and published by . This book was released on 2010 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Enterprise and Income Distribution written by John Smithin and published by Routledge. This book was released on 2008-07-17 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mainstream neoclassical economics tells us that money is essentially a commodity, has no other social meanings or consequences, and (therefore) exists only as a medium of exchange to lubricate/facilitate barter. This book takes the view that money is definitively a social relation between private persons or legal persons. As such, it is one of
Download or read book Recent Theories of Profit written by Muhammad Nejatullah Siddiqi and published by [Bombay : published for] the Faculty of Social Sciences, Aligarh Muslim University [by] Asia Publishing House. This book was released on 1971 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Is Marx s Theory of Profit Right written by Nick Potts and published by Lexington Books. This book was released on 2015-05-07 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection focuses on a long-running debate over the logical validity of Karl Marx’s theory that exploitation is the exclusive source of capitalists’ profits. The “Fundamental Marxian Theorem” was long thought to have shown that orthodox Marxian economics succeeds in replicating Marx’s conclusion. The debate begins with Andrew Kliman’s disproof of that claim. On one side of the debate, representing orthodox Marxian economics, are contributions by Simon Mohun and Roberto Veneziani. Although they concede that their simultaneist models cannot replicate Marx’s theory of profit in all cases, they insist that this is as good as it gets. On the other side, representing the temporal single-system interpretation of Marx’s theory (TSSI), are contributions by Kliman and Alan Freeman. They argue that his theory is logically valid, since it can indeed be replicated when it is understood in accordance with the TSSI. While the debate initially focused on logical concerns, issues of pluralism, truth, and scientificity increasingly assumed center stage. In his introduction to the volume, Nick Potts situates the debate in its historical context and argues forcefully that the arguments of the orthodox Marxist economists, and the manner in which those arguments were couched, were “suppressive and contrary to scientific norms.” The volume concludes with a 2014 debate, in which many of the same issues re-surfaced, between the philosopher Robert Paul Wolff and proponents of the TSSI.
Download or read book Profit and Wages written by Gustav Adolph Kleene and published by . This book was released on 1916 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Theory of Managerial Capitalism written by NA NA and published by Springer. This book was released on 2016-01-13 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Theories of the Capitalist Economy written by Ben Fine and published by . This book was released on 1982 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stakeholder Capitalism written by Klaus Schwab and published by John Wiley & Sons. This book was released on 2021-01-27 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.
Download or read book The Falling Rate of Profit in the Postwar United States Economy written by Fred Moseley and published by Springer. This book was released on 1991-06-18 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents an empirical test of Marx's theory of the "falling rate of profit" by deriving estimates of the Marxian rate of profit and its determinants for the post-World War II US economy in order to determine whether the trends in these variables were in the directions predicted by Marx's theory.
Download or read book Theories of Surplus Value written by Karl Marx and published by Pattern Books. This book was released on 2020-10-04 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theories of Surplus Value is a book that, unlike Marx, actually needs an introduction. Theories was intended to be collected and published as the fourth volume to Marx's Capital, but after Engels had successfully collected and published volumes two and three after Marx's death, Engels died before he could publish it. Theories has had a long history of being in-and-out of publication, and particularly in-and-out of being an actually accessible publication. In 1905, the infamously-hated-by-Lenin Karl Kautsky, published the first edition of the manuscript in three volumes separated and rearranged by Adam Smith in volume one, to David Ricardo in the other two volumes, with the breakup of the Ricardian school as the third volume. Kautsy's version circulated in print and was translated to many languages over the decades, remaining the sole version of Theories until The Institute of Marxism-Leninism published a new German version. This arrangement, while still relatively close to Kautsy's narrative arrangement of tracing surplus value from Smith to the Ricardian split into "vulgar economics," annotated the manuscript with different topic headings. This version was then translated into English by Progress Publishers and this is the version of the book which circulates today and is considered to be the most accurate version to Marx's notebooks. This Radical Reprint by Pattern Books is made to be accessible and as close to only manufacturing cost as possible. This third volume of Theories of Surplus Value covers the confusion between the concepts of commodity and capital, constant and variable capital and over-production, the problem of the relativizing the categories of value and equivalence, John Stuart Mill's reduction of Ricardian's economic theories, and the reductions of surplus-value into profit theory, and, as Marx continually says, its descent into being "vulgar political economy." These three volumes, in totality, are to show how the classical theories of value led to a theory stuck within the market paradigm and caught in the loop of capitalist circularity. For Marx, the current ontology of political economy only ruled within the scope of pragmatism within the market system, and these programs no longer offered any integrated theory of capitalism.
