Contributions to Modern Economics includes contributions to two great intellectual upheavals in economic theory: the Keynesian Revolution and the revival of the classical theory of profits led by Piero Sraffa. The formation of prices in capitalist and socialist economies and of international trade is also discussed. The evolution of these ideas is linked to the personal and historical events that influenced them.
Comprised of 24 chapters, this book begins by describing the second crisis of economic theory, which is related to the first crisis — the great slump of the 1930s. The reader is then introduced to the theory of money and the analysis of output; obstacles to full employment; and the concept of hoarding. Subsequent chapters explore capital, profits, and prices, with emphasis on the theory of capital, imperfect competition, and the theory of value. International trade, capitalism, and beggar-my-neighbor remedies for unemployment are also examined.
This monograph should be of interest to economists.
1 The Second Crisis of Economic Theory
2 The Theory of Money and the Analysis Of Output
3 Obstacles to Full Employment
4 The Concept of Hoarding
5 The Rate of Interest
6 Kalecki and Keynes
7 Marx, Marshall and Keynes
Capital and Profits
8 The Production Function and the Theory of Capital
9 Pre-Keynesian Theory After Keynes
10 Capital Theory Up-To-Date
11 The Meaning of Capital
12 History Versus Eplolibrium
13 A Lecture Delivered at Oxford by a Cambridge Economist
14 The Philosophy of Prices
15 'Imperfect Competition' Revisited
16 The Theory of Value Reconsidered
17 Beggar-My-Neighbour Remedies For Unemployment
18 The New Mercantilism
19 The Need for a Reconsideraton of the Theory of International Trade
20 Has Capitalism Changed?
21 Latter-Day Capitalism
22 Socialist Affluence
23 What Has Become of Employment Policy?
24 Beauty and the Beast
- No. of pages:
- © Academic Press 1978
- 1st January 1978
- Academic Press
- eBook ISBN: