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Books > History > History of specific subjects > Economic history
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Production, Value and Income Distribution - A Classical-Keynesian Approach (Hardcover)
Loot Price: R3,894
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Production, Value and Income Distribution - A Classical-Keynesian Approach (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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This book investigates the relationship between wages, profits,
values and labour employment from a classical-Keynesian
perspective. The starting point of this approach is classical
political economy (in particular, Smith, Ricardo and Marx),
suitably reformulated in modern terms by Sraffa and then integrated
with the Keynesian theory of employment. Such an approach proves to
be more appropriate in understanding the complexities of current
economies and in identifying the instruments to pursue the final
goal of economic systems: putting each person in a position to earn
what is necessary to live with dignity. The approach undertaken by
these chapters is in contrast to the 'marginalist' or
'neoclassical' school, which constitutes the mainstream of economic
analysis. Especially in recent decades, several critical analyses
of the present state of economic research have emerged due to the
failure of contemporary economic analysis to acutely penetrate and
guide the workings of actual economic systems. But these analyses
have not always been effectively presented in a coordinated manner.
This work presents one possible unifying framework-grounded in a
solid tradition of economic thought-which aims to describe the
basic forces operating in capitalistic economies and to identify
the main objectives to pursue in production economies in order to
fully exploit their potential. Most importantly, the focus of such
classical-Keyensian analysis concerns the production of goods and
services, and this book shows how several factors typical of
contemporary (post-)industrial societies thus can be understood in
a way that the standard economic theory has not been able to
explicate (due to the reduction of everything to a question of
exchange). The book provides key reading for those on master level
economics courses. Moreover, it constitutes a solid introduction to
modern classical-Keynesian analysis. It may also be of interest to
readers who are keen to develop a critical view of economics,
political economy and history of economic thought.
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