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Profit Theory and Capitalism
The pursuit of profit by business motivates the capitalist economic system. Understanding profits, therefore, especially the source of profits, is essential to an understanding of capitalism. Mark Obrinsky claims that there has never been an adequate profit theory in mainstream economics. To find the source of profits, he argues, one needs to look beyond ownership of the productive factors of land, labor, and capital. Profit Theory and Capitalism makes a sharply reasoned and accessible contribution to critical theory, the history of economic thought, and post-Keynesian theory. Its insights will be of value to all students and theorists working in the area of income distribution.
The Clinton Economic Boom
Bill Clinton often gets credit for being the architect of the longest economic expansion in U.S. history and for being the catalyst for 22+ million jobs that were created during his tenure. Based on this reputation, the conventional wisdom is that the U.S. can regain the prosperity of the Clinton era by electing a president with similar political values, who will advance similar policies. B. A. Marbue Brown challenges the conventional wisdom by presenting a fact-based analysis, which shows that five factors combined to create an economic perfect storm during the Clinton years, and that the President had little if any influence over those factors. He also shows that several popular beliefs ab...
The Theory of Monopoly Capitalism
In 1966, Paul Baran and Paul Sweezy published Monopoly Capital, a monumental work of economic theory and social criticism that sought to reveal the basic nature of the capitalism of their time. Their theory, and its continuing elaboration by Sweezy, Harry Magdoff, and others in Monthly Review magazine, infl uenced generations of radical and heterodox economists. They recognized that Marx’s work was unfi nished and itself historically conditioned, and that any attempt to understand capitalism as an evolving phenomenon needed to take changing conditions into account. Having observed the rise of giant monopolistic (or oligopolistic) fi rms in the twentieth century, they put monopoly capital a...
Theory of the Firm for Strategic Management
Develops a value-based theory of the firm specifically aimed at strategic decision-making.
Revisiting Rental Housing
A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication Rental housing is increasingly recognized as a vital housing option in the United States. Government policies and programs continue to grapple with problematic issues, however, including affordability, distressed urban neighborhoods, concentrated poverty, substandard housing stock, and the unmet needs of the disabled, the elderly, and the homeless. In R evisiting Rental Housing, leading housing researchers build upon decades of experience, research, and evaluation to inform our understanding of the nation's rental housing challenges and what can be done about them. It thoughtfully addresses not ...
Just Below the Line
The South---with its high rates of poverty, older residents, residents with disabilities, extensive rural areas, and out-of-date housing policies and practices---serves as a canary in the coal mine for the impending, nationwide housing crisis. Just Below the Line discusses how reworking the policies and practices of the housing industry in the South can serve as a model for the rest of the nation in meeting the physical and social needs of persons with disabilities and aging boomers. --
The Abolition of Antitrust
"The essays in this book present a sustained economic, historical, moral, and legal broadside against the various federal statutes known as antitrust doctrine. They explode the cherished myths underlying the antitrust laws, and expose their intellectual fountainhead in a morality of self-sacrifice that is incompatible with individual rights, free enterprise, and objective law. With the publication of this text, businessmen, lawyers, economists, policy makers, legislators, and judges finally have access to a systemic critique of the antitrust laws. From here on, if antitrust continues to violate the rights of businessmen and to ravage the American economy, it is not for lack of knowing how an...
Rent Vs Own
Finance and real estate reporter Jane Hodges explains how the housing market works and breaks down all the pros and cons of buying and renting to help consumers make the best choice for their budget, market, emotional needs, and future.
