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portada Transformational Growth and Effective Demand: Economics After the Capital Critique
Type
Physical Book
Publisher
Author
Year
1991
Language
English
Pages
680
Format
Hardcover
Weight
3.20
ISBN
0814757693
ISBN13
9780814757697
Categories

Transformational Growth and Effective Demand: Economics After the Capital Critique

Edward J. Nell (Author) · Nyu Press · Hardcover

Transformational Growth and Effective Demand: Economics After the Capital Critique - Edward J. Nell

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Synopsis "Transformational Growth and Effective Demand: Economics After the Capital Critique "

This collection of essays develops Edward Nell's influential theory of transformational growth. Nell sets established concepts such as the classical notion of prices of production and the wage-profit frontier within a significant new framework that illustrates their role in the dynamic evoution of the industrial system from its beginnings in feudalism through the early capitalism of the family firms to the modern system of effective demands and multiplier adjustments. The essays present the method and its relation to the capital critique before developing the main ideas of transformational growth through a series of historical studies culminating in a revised theory of the multiplier. Outlining policies which strongly affirm an expansionist approach, Nell porposes a reconstruction of macroeconimics.

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