In his Essays in the Theory of Business Cycle published in Polish in 1933, Kalecki clearly stated the principle of effective demand in mathematical form. By 1935 he outlined his theory of employment, demolished the then-orthodox remedy for a depression-that is, wage cutting-and pinpointed the importance of investment for economic ......
This widely adopted text starts with the fundamentals--what is economic growth, what is development, and what is the relationship between these two concepts? The authors examine orthodox theories of growth grounded in different schools of economics (classical, neoclassical, Keynesian, neoliberal) before considering critical alternatives (Marxist, ......
This widely adopted text starts with the fundamentals--what is economic growth, what is development, and what is the relationship between these two concepts? The authors examine orthodox theories of growth grounded in different schools of economics (classical, neoclassical, Keynesian, neoliberal) before considering critical alternatives (Marxist, ......
How did the modern dynamist economy of wealth and opportunity come about? This major new analytical work emphasizes the often surprising, fundamental and continuing processes of innovation and transformation which has produced the world we live in now.
Demonstrates the capacity of people to bestow and to esteem benevolence, and to strive for virtue even while they are pursuing their own self-interest. This book tells that the root of our motivation to act benevolently toward others is our natural propensity to sympathize with others.
This book proposes a "representational" theory of capital according to which there is a relation between capital goods in the real side of the economy and instruments representative of property claims on those goods in the abstract side. Financial instruments are treated herein as a particularly liquid form of property claim. The relation proposed ......
This book surveys the history of the idea of capital and offers a tool to its understanding. It uses philosophy, social ontology, legal theory, and economic reasoning, particularly macroeconomic concepts from financial theory, to create an integrated concept of capital. Such concept is then applied to wealth creation and individuals' wellbeing.
First published in French, Marx's The Poverty of Philosophy (1847) was composed during his years in Brussels, when he was developing his economic views and, through confrontations with the chief leaders of the working-class movement, establishing his intellectual standing. In this classic work, which laid the foundation of ideas later developed ......
The Moral Case for Profit Maximization considers the moral status of profit maximization, arguing that profit maximization is moral when businessmen seek to maximize profit by forming values and cultivating the virtues.
