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J. A. Hobson (Paperback, 1st ed. 1996)
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J. A. Hobson (Paperback, 1st ed. 1996)
Series: Contemporary Economists
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The economic theories of the English economist and social scientist
J.A. Hobson (1858-1940) were pioneering for their time. This book
critically analyses his theories and shows that many of them have
contemporary relevance. Hobson is best known by today's economists
for his underconsumption theory, which was recognised by Keynes as
an important forerunner of The General Theory. Hobson's
underconsumption theory is modelled and compared with the economic
growth theories of Harrod and Domar. Also included are accounts of
Hobson's theories in the areas of welfare economics, income
distribution and prices, money and credit, and international
economics. The book also outlines Hobson's theory of imperialism,
which was addressed to an audience far wider than that of
economists, and gained him international fame.
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