A Computational General Equilibrium Model with Vintage Capital
... value added, which are observed in some European countries (see for instance Blanchard, 1997, Prigent, 1999). Although adjustment costs smooth the dynamics of factor demands in the short run, they are far from sufficient to produce medium term changes in the income distribution between capital and l ...
... value added, which are observed in some European countries (see for instance Blanchard, 1997, Prigent, 1999). Although adjustment costs smooth the dynamics of factor demands in the short run, they are far from sufficient to produce medium term changes in the income distribution between capital and l ...
Is Marx`s Theory of Value Still Relevant?
... case, two sets of relative prices exist. One is based on embodied labour, and it rules precapitalist exchange, while the other is based on equal profitability, and it regulates capitalist exchanges.5 Presumably, the transition between these stages is a historical process, in which case the transform ...
... case, two sets of relative prices exist. One is based on embodied labour, and it rules precapitalist exchange, while the other is based on equal profitability, and it regulates capitalist exchanges.5 Presumably, the transition between these stages is a historical process, in which case the transform ...
marx`s economic theory and contemporary capitalism
... capitalists will continually attempt to increase the length of the working day in order to increase surplus labor, or will resist attempts of workers to reduce the length of the working day. Thus a conflict over the length of the working day is inevitable in capitalism. This conclusion is obviously ...
... capitalists will continually attempt to increase the length of the working day in order to increase surplus labor, or will resist attempts of workers to reduce the length of the working day. Thus a conflict over the length of the working day is inevitable in capitalism. This conclusion is obviously ...
Chapter 1: The Economic Way of Thinking
... total income, aggregate expenditures, and the general price level. Microeconomics looks at specific economic units. ...
... total income, aggregate expenditures, and the general price level. Microeconomics looks at specific economic units. ...
Keynes and Marx - Post-Keynesian Economics Study Group
... 1931-32 and he stated an intention to re-cast his ideas in a clearer and more satisfactory way. Joan Robinson thought that starting from Marx, rather than orthodox economics, would have saved Keynes ‘a lot of trouble’ (1964: 96). The object of this chapter is to inquire into the possibility that Key ...
... 1931-32 and he stated an intention to re-cast his ideas in a clearer and more satisfactory way. Joan Robinson thought that starting from Marx, rather than orthodox economics, would have saved Keynes ‘a lot of trouble’ (1964: 96). The object of this chapter is to inquire into the possibility that Key ...
View/Open
... ‘ Currency convertible internally; some restrictions still may have existed affecting trade. JCorresponds with the dissolution of the Council of Mutual Economic Assistance (CMEA). ...
... ‘ Currency convertible internally; some restrictions still may have existed affecting trade. JCorresponds with the dissolution of the Council of Mutual Economic Assistance (CMEA). ...
FREE Sample Here
... c. The size of the economic pie is fixed, and therefore, if one individual has more income, others must have less. d. Over time, the output of goods and services can be increased through human ingenuity and discovery of better ways of doing things. Full: 44 Mac: 44 Mic: 44 ...
... c. The size of the economic pie is fixed, and therefore, if one individual has more income, others must have less. d. Over time, the output of goods and services can be increased through human ingenuity and discovery of better ways of doing things. Full: 44 Mac: 44 Mic: 44 ...
Michal Kobialka - Universiteit Utrecht
... These strategies have loosened the foundations of archeohistorical investigations; however, there also needs to be a practice that will exhibit the very mediality of history—that is, the process of making visible as such the claims on the past and the present, which not only generates different ques ...
... These strategies have loosened the foundations of archeohistorical investigations; however, there also needs to be a practice that will exhibit the very mediality of history—that is, the process of making visible as such the claims on the past and the present, which not only generates different ques ...
Financialization and the Crises of Capitalism
... Marx highlighted the contradictions of capitalism, and argued that capitalism is but a stage on the way to a final societal form (Wallerstein 1974). Despite its contradictions and potential limits, capitalism continues to survive, by periodically redesigning and renewing its structure. Followers of ...
... Marx highlighted the contradictions of capitalism, and argued that capitalism is but a stage on the way to a final societal form (Wallerstein 1974). Despite its contradictions and potential limits, capitalism continues to survive, by periodically redesigning and renewing its structure. Followers of ...
Some Problems in Erik Olin Wright`s Theory of Class
... immaterial for our analysis. We have seen that the continual tendency and law of development of the capitalist mode of production is more and more to divorce the means of production from labour, and more and more to concentrate the scattered means of production into large groups, thereby transformin ...
... immaterial for our analysis. We have seen that the continual tendency and law of development of the capitalist mode of production is more and more to divorce the means of production from labour, and more and more to concentrate the scattered means of production into large groups, thereby transformin ...
Macroeconomic Measurement
... something has happened.2 In the national accounts as currently constructed, the logging activity contributes to GDP in this year (in the form of valuable wood products) and the activity of repairing buildings is counted as an economic activity that also adds to GDP in this year. It would seem that t ...
... something has happened.2 In the national accounts as currently constructed, the logging activity contributes to GDP in this year (in the form of valuable wood products) and the activity of repairing buildings is counted as an economic activity that also adds to GDP in this year. It would seem that t ...
Preview Sample 1
... c. The size of the economic pie is fixed, and therefore, if one individual has more income, others must have less. d. Over time, the output of goods and services can be increased through human ingenuity and discovery of better ways of doing things. Full: 44 Mac: 44 Mic: 44 ...
... c. The size of the economic pie is fixed, and therefore, if one individual has more income, others must have less. d. Over time, the output of goods and services can be increased through human ingenuity and discovery of better ways of doing things. Full: 44 Mac: 44 Mic: 44 ...
Here - endnotes #4
... the recomposition of the “proletarianised” as an historical subject, a collective actor existing for itself, subject analogous to that of the great radical days of class struggle up to the 1970s. The first definition functions as an ideological embellishment to mask the triviality of the second. ...
... the recomposition of the “proletarianised” as an historical subject, a collective actor existing for itself, subject analogous to that of the great radical days of class struggle up to the 1970s. The first definition functions as an ideological embellishment to mask the triviality of the second. ...
Marx`s anti-quantity theory of money: A critical evaluation Pichit
... therefore, be capable of expansion and contraction. At one time money must be attracted in order to act as circulating coin, at another, circulating coin must be repelled in order to act again as more or less ...
... therefore, be capable of expansion and contraction. At one time money must be attracted in order to act as circulating coin, at another, circulating coin must be repelled in order to act again as more or less ...
Aalborg Universitet
... projects and their contestation.’ It is, however, the aim of this research not to simply contribute to a somewhat typological approach in the research programmes on the spatiality of capitalist development such as the emerging discipline of economic geography (Scott 2000; Hudson 2004; Coates 2005; C ...
... projects and their contestation.’ It is, however, the aim of this research not to simply contribute to a somewhat typological approach in the research programmes on the spatiality of capitalist development such as the emerging discipline of economic geography (Scott 2000; Hudson 2004; Coates 2005; C ...
Vagabond Capitalism and the Necessity of Social Reproduction
... childcare workers of various types represents a subsidy of wealthier “first world” women (and by extension those who employ them) by either young women from other parts of the “first world” or, more commonly, women from the global south, whose own children are often left behind with relatives. These ...
... childcare workers of various types represents a subsidy of wealthier “first world” women (and by extension those who employ them) by either young women from other parts of the “first world” or, more commonly, women from the global south, whose own children are often left behind with relatives. These ...
- Lancaster EPrints
... frozen in time – and have usually aggregated data into convenient spatial units, such as states, rather than using the most detailed levels of data available. Not surprisingly, these approaches often arrive at over-simplified conclusions or mistaken interpretations because the analysis fails to catc ...
... frozen in time – and have usually aggregated data into convenient spatial units, such as states, rather than using the most detailed levels of data available. Not surprisingly, these approaches often arrive at over-simplified conclusions or mistaken interpretations because the analysis fails to catc ...
Work, Employment & Society
... wages from the end of World War II to the late 1960s, but then experienced declining profits, productivity and growth. Following Palloix (1976), Aglietta suggested that the organizational response was likely to be neofordism: mass production combining flexible automation with the new flexible workin ...
... wages from the end of World War II to the late 1960s, but then experienced declining profits, productivity and growth. Following Palloix (1976), Aglietta suggested that the organizational response was likely to be neofordism: mass production combining flexible automation with the new flexible workin ...
THE CONNOTATIVE ASPECT OF THE CONCEPT OF CLASS
... Obviously, the analysis of Marx’s use of class is far from being so simplistic, and Marx himself is not clear on this issue. A constant criterion applicable by Marx in distinguishing classes consists in the ownership of the means of production. Trough this economic approach, he draws the following m ...
... Obviously, the analysis of Marx’s use of class is far from being so simplistic, and Marx himself is not clear on this issue. A constant criterion applicable by Marx in distinguishing classes consists in the ownership of the means of production. Trough this economic approach, he draws the following m ...
Chapters 1 and 2
... To answer these questions, economic systems were created. These economic systems vary greatly in how they use their scarce resources. In the USA we used our scarce resources to produce $29,000 per person of goods and services. In Zambia scarce resources were used to produce $900 per person of goods ...
... To answer these questions, economic systems were created. These economic systems vary greatly in how they use their scarce resources. In the USA we used our scarce resources to produce $29,000 per person of goods and services. In Zambia scarce resources were used to produce $900 per person of goods ...
Krugman_s Economics for AP
... Returning to our castaway example, as long as Tom produces a combination of coconuts and fish that is on the production possibilities curve, his production is efficient. At point A, the 15 coconuts he gathers are the maximum quantity he can get given that he has chosen to catch 20 fish; at point B, ...
... Returning to our castaway example, as long as Tom produces a combination of coconuts and fish that is on the production possibilities curve, his production is efficient. At point A, the 15 coconuts he gathers are the maximum quantity he can get given that he has chosen to catch 20 fish; at point B, ...
The historicity of human geography
... significance for both humanistic geography and social history. The current interest in qualitative research in human geography (Jackson, 1985; Eyles and Smith, 1988) reflects a widespread conviction that positivist methods have shown themselves to be inadequate in the handling of the many varieties ...
... significance for both humanistic geography and social history. The current interest in qualitative research in human geography (Jackson, 1985; Eyles and Smith, 1988) reflects a widespread conviction that positivist methods have shown themselves to be inadequate in the handling of the many varieties ...
National Production
... Figure 2.1 shows the circulation of physical goods (products and resources) and cash between households and firms. Every circulation of physical goods will be followed by a circulation of cash in the opposite direction. The circulation of resources (production factors such as land, capital, labour a ...
... Figure 2.1 shows the circulation of physical goods (products and resources) and cash between households and firms. Every circulation of physical goods will be followed by a circulation of cash in the opposite direction. The circulation of resources (production factors such as land, capital, labour a ...
Ch3
... activities that are likely to be non-observed or what is known as non-observed economy (NOE)1 in the GDP estimation. Non-observed economy refers to those economic activities which should be included in the GDP but which, for one reason or another, are not covered in the statistical surveys or admini ...
... activities that are likely to be non-observed or what is known as non-observed economy (NOE)1 in the GDP estimation. Non-observed economy refers to those economic activities which should be included in the GDP but which, for one reason or another, are not covered in the statistical surveys or admini ...