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In Capitalism, Anwar Shaikh demonstrates that most of the central propositions of economic analysis can be derived without any reference to hyperrationality, optimization, perfect competition, perfect information, representative agents or so-called rational expectations.
This book provides an alternate foundation for the measurement of the production of nations, and applies it to the U.S. economy for the postwar period. The patterns that result are significantly different from those derived within conventional systems of national accounts. Conventional national accounts seriously distort basic economic aggregates, because they classify military, bureaucratic and financial activities as the creation of new wealth, when in fact they should be classified as forms of social consumption that, like personal consumption, actually use up social wealth in the performance of their functions.
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This book presents the ideas of some of the most outstanding economists of the past half century.
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Each volume in this series includes a collection of authoritative essays from The New Palgrave: A Dictionary of Economics, selected by the Editors to illustrate the range and diversity of economics thought on a particular topic.
A strategic guide to building a more democratic and egalitarian future Why is our society so unequal? Why, despite their small numbers, do the rich dominate policy and politics even in democratic countries? Why is it so difficult for working people to organize around common interests? How do we begin to build a more equal and democratic society? Vivek Chibber provides a clear and accessible map of how capitalism works, how it limits the power of working and oppressed people, and how to overcome those limits. The capitalist economy generates incredible wealth but also injustice. Those who own the factories, hotels, and farms always have an advantage over the people who rely on that ownership ...
The aerial attacks on the Pentagon and the World Trade Center, a global spectacle of unprecedented dimensions, generated an enormous volume of commentary. The inviolability of the American mainland, breached for the first time since 1812, led to extravagant proclamations by the pundits. It was a new world-historical turning point. The 21st century, once greeted triumphantly as marking the dawn of a worldwide neo-liberal civilization, suddenly became menaced. The choice presented from the White House and its supporters was to stand shoulder-to-shoulder against terrorism or be damned. Tariq Ali challenges these assumptions, arguing instead that what we have experienced is the return of History...