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Monetary Macrodynamics
  • Language: en
  • Pages: 450

Monetary Macrodynamics

  • Type: Book
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  • Published: 2012-11-12
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  • Publisher: Routledge

This book investigates the interaction of effective goods demand with the wage-price spiral, and the impact of monetary policy on financial and the real markets from a Keynesian perspective. Endogenous business fluctuations are studied in the context of long-run distributive cycles in an advanced, rigorously formulated and quantitative setup. The material is developed by way of self-contained chapters on three levels of generality, an advanced textbook level, a research-oriented applied level and on a third level that shows how the interaction of real with financial markets has to be modelled from a truly integrative Keynesian perspective. Monetary Macrodynamics shows that the balanced growt...

The Irreconcilable Inconsistencies of Neoclassical Macroeconomics
  • Language: en
  • Pages: 388

The Irreconcilable Inconsistencies of Neoclassical Macroeconomics

  • Type: Book
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  • Published: 2012-02-23
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  • Publisher: Routledge

In the course of this book it is argued that the loss of what is essentially "macro" in Keynes is the result of a preference for a form of equilibrium analysis that gives unqualified support to the ideology of free markets. In the case of Marx, his theory of exploitation and from this the stress on class struggle, led to an almost complete neglect of his contribution to the analysis of the aggregate demand and supply of commodities.

Economics Versus Human Rights
  • Language: en
  • Pages: 181

Economics Versus Human Rights

  • Type: Book
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  • Published: 2008-12-03
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  • Publisher: Routledge

In this book, Manuel Branco demonstrates that economics is intrinsically opposed to the promotion of human rights, in other words it is uncovering economic interests behind the persistent denial of human rights, especially economic, social and cultural rights.

Against Utility-Based Economics
  • Language: en
  • Pages: 309

Against Utility-Based Economics

  • Type: Book
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  • Published: 2013-07-04
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  • Publisher: Routledge

Utility-based theory and the fallback choice-theoretic framework are shown to be biased, irremediably flawed and misleading. A radically different theory of value and of consumer behaviour is proposed based on existential interpretations of scarcity, value and self-interest. For self-conscious mortals, only time is scarce. All other is derivative scarcity. Value is in the life, as a knowledge extract of time, which goes into commodities as direct human labour and depreciated capital, through their production. By structuring their preferences, consumers try to confiscate more of such value per unit of expended income, extending their social presence, soothing their angst and gaining power ove...

Ownership Economics
  • Language: en
  • Pages: 225

Ownership Economics

  • Type: Book
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  • Published: 2013-04-02
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  • Publisher: Routledge

This book presents the first full-length explanation in English of Heinsohn and Steiger's groundbreaking theory of money and interest, which emphasizes the role played by private property rights. Ownership economics gives an alternative explanation of money and interest, proposing that operations enabled by property lead to interest and money, rather than exchange of goods. Like any other approach, it has to answer economic theory's core question: what is the loss that has to be compensated by interest? Ownership economics accepts neither a temporary loss of goods, as in neoclassical economics, nor Keynes's temporary loss of already existing, exogenous money as the cause of interest. Rather, money is created as a non-physical title to property in a credit contract secured by a debtor's collateral and the creditor's net worth. This book is an edited English translation of a highly successful German text, and offers the first book-length treatment of a theory which has received much interest since its first appearance in articles in the late 1970s.

Wage Policy, Income Distribution, and Democratic Theory
  • Language: en
  • Pages: 330

Wage Policy, Income Distribution, and Democratic Theory

  • Type: Book
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  • Published: 2010-11-23
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  • Publisher: Routledge

Wage policy can be broadly defined as a set of institutions designed to bolster the wages of workers, especially for those workers who lack negotiating power. This book concentrates on the relationship between wage policy and the distribution of income and the maintenance of a sustainable democracy. Whereas economists have looked at this issue in relation to labour markets, this book aims to reset the balance by focusing on issues such as equality and democratic theory. This book makes an important contribution to the literature of public policy, political philosophy and political economy. Levin-Waldman argues that wage policy is an important component in the maintenance of democratic society and that a reduction in income inequality can have a positive effect both on personal autonomy and empowerment.

Economic Theory and Social Change
  • Language: en
  • Pages: 325

Economic Theory and Social Change

  • Type: Book
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  • Published: 2010-06-30
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  • Publisher: Routledge

This book is a discourse on modelling Man in a social context. Its focus is on economic main-stream theory in its capacity to handle basic problems such as uncertainty, social dynamics and ethics. The point of departure is a systematic critique of the specific methodology of economics and its axiomatic structure. The ultimate aim is to develop an economic theory for a socially sustainable society. Economic Theory and Social Change analyses the foundation of economic market theory in relation to its social implications. On rejecting the axiomatic structure of the market theory Hasse Ekstedt and Angelo Fusari analyse the concept of growth and uncertainty with respect to a more realistic modell...

Economic Indeterminacy
  • Language: en
  • Pages: 391

Economic Indeterminacy

  • Type: Book
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  • Published: 2013-10-08
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  • Publisher: Routledge

This volume is a collection of some of the best and most influential work of Yanis Varoufakis. The chapters all address the issue of economic indeterminacy, and the place of a socialized Homo Economicus within the economy. The book addresses Varoufakis’ key interpretation regarding the way in which neoclassical economics deals with the twin problems of complexity and indeterminacy. He argues that all neoclassical modelling revolves around three meta-axioms: Methodological individualism, Methodological instrumentalism and the Methodological Imposition of Equilibrium. Each chapter is preceded by an introduction, which explains its place within the overarching theme of the book. The volume also includes a lengthy introduction, plus a concluding chapter focusing on the future of economics. It will be a key work for all students and researchers in the field of political economy and economic methodology.

The Charismatic Principle in Social Life
  • Language: en
  • Pages: 208

The Charismatic Principle in Social Life

  • Type: Book
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  • Published: 2012
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  • Publisher: Routledge

Max Weber laid the foundations for the meaning of ‘charisma’ in modern secular usage. This new volume argues for the importance of the ‘charismatic principle’ in history, economics and society. This volume brings together a number of contributors at the cross section between economics, theology, sociology and politics in order to set a research agenda for the following issues: What does it means to have a ‘charism’? How does it work in society? How might one distinguish a ‘charism’ from a talent? Are ‘charism’s given only to "special" people, or are they also present in ordinary people? Is a ‘charism’ necessarily associated with religion, or, is it, as we submit, poss...

Economic Growth and the High Wage Economy
  • Language: en
  • Pages: 366

Economic Growth and the High Wage Economy

  • Type: Book
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  • Published: 2013-06-26
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  • Publisher: Routledge

This book provides a theoretical framework to better understand how firms, economies and labor markets have evolved. This is done in a reader-friendly fashion, without complex mathematical arguments and proofs. Economic Growth and the High Wage Economy shows how high wage economies help make firms and economies more productive and why high wage economies can be competitive even in an increasingly globalized environment. It also demonstrates why concerns that labor supply will dry up as wages increase and social benefits rise are largely based on impoverished economic reasoning. The first chapters provide a theoretical basis for the rest of the book, showing for instance how higher wages are ...