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Capital theory traditionally spans two major compartments of economic theory: the theory of production of both individual products and the total product, and the theory of the distribution of the aggregate product between the different classes of capitalist society. It has always been controversial, partly because the subject matter is difficult and partly because rival ideologies and value systems impinge directly on the subject matter. In the present book the various topics associated with the exchanges between the 'neo-Keynesians' and the 'neo-neoclassicals' are discussed and evaluated. The topics include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.

Capital --- Capital. --- Mathematical models. --- -Capital assets --- Fixed assets --- Economics --- Capitalism --- Infrastructure (Economics) --- Wealth --- Mathematical models --- -Mathematical models --- Capital assets --- Business, Economy and Management --- Capital - Mathematical models

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The essays in this volume present a comprehensive view of modern economics. They range from technical papers on a specific issue, such as that devoted to a critique of Kaldor's model of income distribution, through evaluation of a wide-ranging literature, with special emphasis on the Cambridge controversies in the theory of capital.

* Intellectual portraits of Eric Russell, Joan Robinson and Lorie Tarshis are also included.
* The concluding essay 'The Social Science Imperialists' gives an overview of the issues and trends that have dominated economics in recent years.

Economics. --- Social sciences. --- Behavioral sciences --- Human sciences --- Sciences, Social --- Social science --- Social studies --- Economic theory --- Political economy --- Civilization --- Social sciences --- Economic man

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Economic schools

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Capital --- Economic growth

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This book analyzes Keynesian foundations of post-Keynesian economics, focusing on how uncertainty and liquidity revoke Say’s law. It explains the key features of Michał Kalecki’s analysis of a capitalist economy and examines his macroeconomics in the short-run. It also provides a brief overview of post-Keynesian contributions to the study of the economic problems of least developed countries, also known as development economics. In addition, the book tackles the financial markets, considers Hyman Minsky’s financial instability hypothesis, and discusses Sidney Weintraub’s criticism of the neoclassical-Keynesian synthesis. The book also analyzes Piero Sraffa’s role in the criticism of mainstream theory and the development of post-Keynesian economics, assesses the contributions and the evolution of Wynne Godley’s views on money, and examines the notion of “center of gravitation” in the classical tradition. Other chapters look at a post-Keynesian theory of aggregate fluctuations, comment on Luigi Pasinetti’s systematic attempt to integrate Sraffa’s and John Maynard Keynes’s core theoretical messages as elements of a more general theoretical framework, and describe post-Keynesian approaches towards the making and implications of industrial prices.

Economic schools --- Keynesian economics --- Economics --- -Economics --- -Economic theory --- Political economy --- Social sciences --- Economic man --- Post-Keynesian economics --- Schools of economics --- History --- -History --- -E-books --- AA / International- internationaal --- 330.47 --- Keynes en zijn school. --- -Post-Keynesian economics --- Economic theory --- Keynes en zijn school --- -Keynesian economics --- -Economic schools --- -330.47