Eduard Bernstein, The Preconditions of Socialism
... is idle to attempt to reconcile the irreconcilable. The vital thing is to be clear as to where Marx is still right and where he is not." By this time, Bernstein had concluded that the main point on which Marx was 'not right' was his theory that the capitalist economy, riven by its own inner contradi ...
... is idle to attempt to reconcile the irreconcilable. The vital thing is to be clear as to where Marx is still right and where he is not." By this time, Bernstein had concluded that the main point on which Marx was 'not right' was his theory that the capitalist economy, riven by its own inner contradi ...
Here - Centro di Ricerche e Documentazione Piero Sraffa
... an increasing stock of living machineries (Marx, 1862−63, II, p. 477).8 In fact, if a rate of capital accumulation greater than the increase in population absorbed all the unemployed and underemployed labour, it would be necessary for a worker to raise, for instance, not two, but three or four or f ...
... an increasing stock of living machineries (Marx, 1862−63, II, p. 477).8 In fact, if a rate of capital accumulation greater than the increase in population absorbed all the unemployed and underemployed labour, it would be necessary for a worker to raise, for instance, not two, but three or four or f ...
Department of Economic History, Stockholm University
... don’t even allow direct calculations of theoretical values. The poor reliability and validity of the material affects, and increase in an unknowable way, the confidence interval of the statistical tests I am using. In my research I attempt to falsify or verify different hypotheses at reasonable sign ...
... don’t even allow direct calculations of theoretical values. The poor reliability and validity of the material affects, and increase in an unknowable way, the confidence interval of the statistical tests I am using. In my research I attempt to falsify or verify different hypotheses at reasonable sign ...
A New Monthly Indicator of Global Real Economic Activity CAMA
... global real economic activity by constructing an index using dry cargo single voyage ocean freight rates from “Shipping Statistics and Economics”. Kilian constructs this index using monthly data published by Drewry Shipping Consultants Ltd from the period January 1968 to the present based on various ...
... global real economic activity by constructing an index using dry cargo single voyage ocean freight rates from “Shipping Statistics and Economics”. Kilian constructs this index using monthly data published by Drewry Shipping Consultants Ltd from the period January 1968 to the present based on various ...
Financialization and Neoliberalism
... argues that a series of cycles referred to as "long centuries" (or regimes of accumulation) have characterized modern Western economic history. First was the long 15th-16th century dominated by Genoa, and last (so far) is the "long twentieth century" dominated by the US. Each regime of accumulation ...
... argues that a series of cycles referred to as "long centuries" (or regimes of accumulation) have characterized modern Western economic history. First was the long 15th-16th century dominated by Genoa, and last (so far) is the "long twentieth century" dominated by the US. Each regime of accumulation ...
The Role of Production Progress and Human
... however, is unlikely to be treated as holding or being final. The problems related to methodologies and data are discussed in the next chapters. ...
... however, is unlikely to be treated as holding or being final. The problems related to methodologies and data are discussed in the next chapters. ...
A New Monthly Indicator of Global Real Economic Activity
... In modelling macroeconomic time series, often a monthly indicator of global real economic activity is used. We propose a new indicator, named World steel production, and compare it to other existing indicators, precisely the Kilian’s index of global real economic activity and the index of OECD indus ...
... In modelling macroeconomic time series, often a monthly indicator of global real economic activity is used. We propose a new indicator, named World steel production, and compare it to other existing indicators, precisely the Kilian’s index of global real economic activity and the index of OECD indus ...
Figure 2. Growth differences between GDP and production
... significant role for some commodities changes (5, 7, 16 and 17) and the average trip length seems more important for other groups (7, 8, 16 and 25). The most important factor for all commodities is the general growth in production (including the growth in industry differentiated production). This fa ...
... significant role for some commodities changes (5, 7, 16 and 17) and the average trip length seems more important for other groups (7, 8, 16 and 25). The most important factor for all commodities is the general growth in production (including the growth in industry differentiated production). This fa ...
Title Marx`s Theory of Money and Monetary Production Economy
... and Lp stand for means of production and labor power, respectively).7 In the circuit of industrial capital, money (M) may be advanced to purchase commodities (C) comprised of means of production (Pm) and labor power (Lp), those elements being employed in the production process (…P…), and then the re ...
... and Lp stand for means of production and labor power, respectively).7 In the circuit of industrial capital, money (M) may be advanced to purchase commodities (C) comprised of means of production (Pm) and labor power (Lp), those elements being employed in the production process (…P…), and then the re ...
Social Provisioning, Embeddedness and Modeling the Economy
... 1893, 1894) developed the surplus approach further, drawing directly upon the Tableau Économique to construct his Volume II reproduction schemes, which expose the roles that technical change, structural imbalances and monetary phenomena may play in triggering crises. The first few generations of neo ...
... 1893, 1894) developed the surplus approach further, drawing directly upon the Tableau Économique to construct his Volume II reproduction schemes, which expose the roles that technical change, structural imbalances and monetary phenomena may play in triggering crises. The first few generations of neo ...
Money, Interest, and Capital Accumulation in Karl Marx`s
... crisis. In the second part of the paper we will show that Marx’s theory of labour value has to be considered a „monetary theory of value“ because „abstract labour“ as the social substance of value cannot be measured without a social standard of value. Money as a social representative of value, there ...
... crisis. In the second part of the paper we will show that Marx’s theory of labour value has to be considered a „monetary theory of value“ because „abstract labour“ as the social substance of value cannot be measured without a social standard of value. Money as a social representative of value, there ...
A THEORETICAL GLANCE AT MILITARY EXPENDITURES
... State interventions made towards preventing an economic crisis that is caused by both shrinking profit rates and by the inability to mass economic surplus are constrained due to the characteristics of capitalism and structure of the bourgeois society. Engaging in profitable fields and in activities ...
... State interventions made towards preventing an economic crisis that is caused by both shrinking profit rates and by the inability to mass economic surplus are constrained due to the characteristics of capitalism and structure of the bourgeois society. Engaging in profitable fields and in activities ...
FREE Sample Here
... 1) If individuals have money illusion, they react to changes in certain prices without regard to simultaneous changes in other prices. Answer: TRUE 2) If an economy is characterized by increasing opportunity costs, increasing the production of S by constant amounts results in a constant decrease in ...
... 1) If individuals have money illusion, they react to changes in certain prices without regard to simultaneous changes in other prices. Answer: TRUE 2) If an economy is characterized by increasing opportunity costs, increasing the production of S by constant amounts results in a constant decrease in ...
International Economics, 9e (Husted/Melvin) Chapter 2 Tools of
... D) protectionist point. Answer: A 2.2 True or False Questions 1) If individuals have money illusion, they react to changes in certain prices without regard to simultaneous changes in other prices. Answer: TRUE 2) If an economy is characterized by increasing opportunity costs, increasing the producti ...
... D) protectionist point. Answer: A 2.2 True or False Questions 1) If individuals have money illusion, they react to changes in certain prices without regard to simultaneous changes in other prices. Answer: TRUE 2) If an economy is characterized by increasing opportunity costs, increasing the producti ...
International Economics Tools of Analysis for International Trade
... D) protectionist point. Answer: A 2.2 True or False Questions 1) If individuals have money illusion, they react to changes in certain prices without regard to simultaneous changes in other prices. Answer: TRUE 2) If an economy is characterized by increasing opportunity costs, increasing the product ...
... D) protectionist point. Answer: A 2.2 True or False Questions 1) If individuals have money illusion, they react to changes in certain prices without regard to simultaneous changes in other prices. Answer: TRUE 2) If an economy is characterized by increasing opportunity costs, increasing the product ...
Marx is assumed to be an atheist. 1 Marxists are
... the atheist doctrine. The view that Marx was an atheist in his collaboration with Bauer in 1841, and is no longer an atheist by 1842-3, is of historical interest at best. But the argument that he views himself as neither an atheist, as a post-atheist thinker who has overcome the dialectic of theism- ...
... the atheist doctrine. The view that Marx was an atheist in his collaboration with Bauer in 1841, and is no longer an atheist by 1842-3, is of historical interest at best. But the argument that he views himself as neither an atheist, as a post-atheist thinker who has overcome the dialectic of theism- ...
Reorienting Critical Realism: the Actual Essence of the Capitalist
... typically determine the relevant nature and powers of their relata and are in this sense ‘internal’. For example, occupying the position of ‘landlord’ empowers an individual to charge rent, and obliges that individual to maintain the property rented; reciprocal constraints and enablements are confer ...
... typically determine the relevant nature and powers of their relata and are in this sense ‘internal’. For example, occupying the position of ‘landlord’ empowers an individual to charge rent, and obliges that individual to maintain the property rented; reciprocal constraints and enablements are confer ...
Neoclassical empirical evidence on employment and production
... Students that are taught neoclassical economics are often struck by the lack of realism of many assumptions that underlie the theory. They are usually quite relieved when they discover that there are other schools of thought in economics that entertain different, more realistic, assumptions. However ...
... Students that are taught neoclassical economics are often struck by the lack of realism of many assumptions that underlie the theory. They are usually quite relieved when they discover that there are other schools of thought in economics that entertain different, more realistic, assumptions. However ...
underground production
... application outside the context of the national accounts. It is in common use by sociologists, labour market analysts, lawmakers, the media and the public at large. The various meanings it is given depend upon the different perspectives and preoccupations of the users. Section 8.2 explores some of t ...
... application outside the context of the national accounts. It is in common use by sociologists, labour market analysts, lawmakers, the media and the public at large. The various meanings it is given depend upon the different perspectives and preoccupations of the users. Section 8.2 explores some of t ...
Neoclassical Empirical Evidence - Facultad de Economía
... theory, argued that the Cobb-Douglas production function works, not for magical reasons, but because its many applications had demonstrated that it could explain empirical facts fairly well. Ferguson, who had earlier stated that “placing reliance upon neoclassical economic theory is a matter of fait ...
... theory, argued that the Cobb-Douglas production function works, not for magical reasons, but because its many applications had demonstrated that it could explain empirical facts fairly well. Ferguson, who had earlier stated that “placing reliance upon neoclassical economic theory is a matter of fait ...
Joe Painter
... global shifts in the international division of labour and partly by the neoliberal and anti-trade union policies of the Thatcher governments. Deindustrialisation, growth in service employment, de-skilling and a rise in ‘flexible’ working were hitting trade unions hard, along with the economies and r ...
... global shifts in the international division of labour and partly by the neoliberal and anti-trade union policies of the Thatcher governments. Deindustrialisation, growth in service employment, de-skilling and a rise in ‘flexible’ working were hitting trade unions hard, along with the economies and r ...
Piero Sraffa and the Revival of Classical Political Economy
... problem framed in terms of the classical conception'(34). Ricardo - and Marx would agree but would maintain that value is uniquely created by productive labour. These diverging views are, in fact, due to differences of vision and the associated way of abstraction. This point will be taken up in the ...
... problem framed in terms of the classical conception'(34). Ricardo - and Marx would agree but would maintain that value is uniquely created by productive labour. These diverging views are, in fact, due to differences of vision and the associated way of abstraction. This point will be taken up in the ...
Macroeconomics
... They may disagree about the validity of alternative positive theories about how the world works. ...
... They may disagree about the validity of alternative positive theories about how the world works. ...
Max Weber`s Theories
... materialistic, perfectionist, and more focused on work as compared to people in many Catholic countries (for example, Spain, Italy, and France) where the people had a more relaxed attitude towards work and were less materialistic. [edit] Criticism Proponents of the notion of the "Protestant work eth ...
... materialistic, perfectionist, and more focused on work as compared to people in many Catholic countries (for example, Spain, Italy, and France) where the people had a more relaxed attitude towards work and were less materialistic. [edit] Criticism Proponents of the notion of the "Protestant work eth ...
Talcott Parsons` Early Essay on Capitalism. An American
... substantial differences as compared to Marx, in both Werner Sombart and Max Weber (Parsons, 1928: 642). Parsons came in touch with the question of capitalism and its development during his year in Germany, where it was one of the most discussed topics within the intellectual debate (Hamilton, 1983, ...
... substantial differences as compared to Marx, in both Werner Sombart and Max Weber (Parsons, 1928: 642). Parsons came in touch with the question of capitalism and its development during his year in Germany, where it was one of the most discussed topics within the intellectual debate (Hamilton, 1983, ...