Growth, Distribution and Prices (Harvard Economic Studies)

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9780674364165: Growth, Distribution and Prices (Harvard Economic Studies)

What determines the rate of growth, the distribution of income, and the structure of relative prices under capitalism? What, in short, makes capitalist economies tick? This watershed treatise analyzes the answers to these questions provided by three major theoretical traditions: neoclassical, neo-Marxian, and neo-Keynesian. Until now, the mutual criticism exchanged by partisans of the different traditions has focused disproportionately on the logical shortcomings of rival theories, or on such questions as whether or not input-output relationships can be described by a continuous-substitution production function.

In this book, these are at best secondary issues. The real distinguishing features of the theories, for Marglin, are their characterization of labor markets and capital accumulation. For clarity, Marglin first sets out the essential features of each theory in the context of a common production model with a single good and a fixed-coefficient technology. He then formalizes the different theories as alternative ways of closing the model. In subsequent chapters he examines the effects of relaxing key simplifying assumptions, in particular the characterization of technology and the homogeneity of output and capital. And although his primary emphasis is theoretical, he does not ignore the problem of empirically testing the theories. Finally, he synthesizes the insights of the neo-Marxian and neo-Keynesian models into a single model that transcends the shortcomings of each taken separately.

Marglin anticipates that partisans of the different traditions will agree on one point: each will allow that the book reveals the shortcomings of the other theories but will insist that it fails utterly to reflect the power and majesty of one's own particular brand of truth. Growth, Distribution, and Prices will be controversial, but it will not be ignored.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

About the Author:

Stephen A. Marglin is Walter Barker Professor of Economics at Harvard University.

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

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Marglin, Stephen A.
Editore: Harvard Univ Press
ISBN 10: 0674364163 ISBN 13: 9780674364165
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Descrizione libro Harvard Univ Press. Condizione libro: BRAND NEW. BRAND NEW Softcover A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Codice libro della libreria 2364092

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Descrizione libro Cumbreland, Rhode Island, U.S.A.: Harvard Univ Pr, 1987. Soft cover. Condizione libro: New. Language: eng Language: eng Language: eng Language: eng Language: eng Language: eng. Codice libro della libreria 3B67C

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Descrizione libro 1987. PAP. Condizione libro: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Codice libro della libreria TH-9780674364165

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Descrizione libro Harvard University Press. Condizione libro: New. Brand New. Codice libro della libreria 0674364163

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Descrizione libro HARVARD UNIVERSITY PRESS, United States, 1987. Paperback. Condizione libro: New. New edition. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. What determines the rate of growth, the distribution of income, and the structure of relative prices under capitalism? What, in short, makes capitalist economies tick? This watershed treatise analyzes the answers to these questions provided by three major theoretical traditions: neoclassical, neo-Marxian, and neo-Keynesian. Until now, the mutual criticism exchanged by partisans of the different traditions has focused disproportionately on the logical shortcomings of rival theories, or on such questions as whether or not input-output relationships can be described by a continuous-substitution production function.In this book, these are at best secondary issues. The real distinguishing features of the theories, for Marglin, are their characterization of labor markets and capital accumulation. For clarity, Marglin first sets out the essential features of each theory in the context of a common production model with a single good and a fixed-coefficient technology. He then formalizes the different theories as alternative ways of closing the model. In subsequent chapters he examines the effects of relaxing key simplifying assumptions, in particular the characterization of technology and the homogeneity of output and capital. And although his primary emphasis is theoretical, he does not ignore the problem of empirically testing the theories. Finally, he synthesizes the insights of the neo-Marxian and neo-Keynesian models into a single model that transcends the shortcomings of each taken separately.Marglin anticipates that partisans of the different traditions will agree on one point: each will allow that the book reveals the shortcomings of the other theories but will insist that it fails utterly to reflect the power and majesty of one s own particular brand of truth. Growth, Distribution, and Prices will be controversial, but it will not be ignored. Codice libro della libreria BTE9780674364165

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Descrizione libro Harvard University Press, 1987. Paperback. Condizione libro: New. 2nd Edition. Codice libro della libreria DADAX0674364163

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Stephen A. Marglin
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Descrizione libro Harvard Univ Pr, 1987. Paperback. Condizione libro: Brand New. 2nd edition. edition. 584 pages. 9.25x6.00x1.25 inches. In Stock. Codice libro della libreria 0674364163

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Descrizione libro 1984. Paperback. Condizione libro: New. New edition. Paperback. What determines the rate of growth, the distribution of income, and the structure of relative prices under capitalism? What, in short, makes capitalist economies tick? This wa.Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. 584 pages. 0.830. Codice libro della libreria 9780674364165

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