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Contributions to Modern Economics - 1st Edition - ISBN: 9780125905503, 9781483263236

Contributions to Modern Economics

1st Edition

Author: Joan Robinson
eBook ISBN: 9781483263236
Imprint: Academic Press
Published Date: 1st January 1978
Page Count: 296
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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.

Table of Contents



1 The Second Crisis of Economic Theory

Effective Demand

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

International Trade

17 Beggar-My-Neighbour Remedies For Unemployment

18 The New Mercantilism

19 The Need for a Reconsideraton of the Theory of International Trade

Contemporary Reflections

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:

About the Author

Joan Robinson

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