Nyu Press Transformational Growth and Effective Demand: Economics After the Capital Critique

Name: Nyu Press Transformational Growth and Effective Demand: Economics After the Capital Critique
Brand: New York University Press
SKU: 2201215
Price: 3362.00 ZAR
Availability: InStock

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Features

ISBN	9780814757697
Publisher	New York University Press
Manufacturer	New York University Press

Description

This collection of essays develops Edward Nell's influential theory of transformational growth. Nell sets established concepts such as the classical notion of prices of production and the wage-profit frontier within a significant new framework that illustrates their role in the dynamic evoution of the industrial system from its beginnings in feudalism through the early capitalism of the family firms to the modern system of effective demands and multiplier adjustments.

The essays present the method and its relation to the capital critique before developing the main ideas of transformational growth through a series of historical studies culminating in a revised theory of the multiplier. Outlining policies which strongly affirm an expansionist approach, Nell porposes a reconstruction of macroeconimics.

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