Download Marx, Veblen, and the Foundations of Heterodox Economics: by Tae-Hee Jo, Frederic Lee PDF

By Tae-Hee Jo, Frederic Lee

John F. Henry is an eminent economist who has made vital contributions to heterodox economics drawing on Adam Smith, Karl Marx, Thorstein Veblen, and John Maynard Keynes. His historic procedure deals radical insights into the evolution of principles (ideologies and theories) giving upward thrust to and/or precipitated by means of the alterations in capitalist society. Essays amassed during this festschrift not just overview John Henry’s contributions in connection to Marx’s and Veblen’s theories, but additionally practice them to the socio-economic matters within the twenty first century.

In half I top heterodox economists within the traditions of Marxism, put up Keynesianism, and Institutionalism severely study Marx’s and Veblen’s theoretical frameworks (and their connections to one another) that experience develop into the principles of heterodox economics. Chapters partially II show off replacement theoretical causes encouraged by way of Marx, Veblen, and Henry. themes during this half contain monetary difficulty, financialization, capital accumulation, economics educating, and the ancient dating among funds and sophistication society. half III is dedicated to John Henry’s heterodox economics encapsulated in his "farewell" lecture, interview, and bibliography.

Essays during this e-book, separately and jointly, make a major aspect that the heritage of financial concept (or old research of monetary idea and coverage) is a vital part of constructing heterodox economics in its place theoretical framework. somebody who's bothered by way of the habitual failure of capitalism in addition to mainstream economics will locate this publication really worth interpreting.

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Additional resources for Marx, Veblen, and the Foundations of Heterodox Economics: Essays in Honor of John F. Henry

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1971. Economic Heresies: Some Old-Fashioned Questions in Economic Theory. London: Macmillan. , and J. Eatwell. 1973. Introduction to Modern Economics. Maidenhead: McGraw-Hill. Rothschild, K. W. 1947. ” Economic Journal 57: 299–320. Sweezy, P. M. [1942] 1969. The Theory of Capitalist Development. Oxford and New York: Oxford University Press. , L. Ramratten, and A. A. Gottesman, eds. 2006.

1988. Investment, Employment and Income Distribution. Oxford: Polity Press. Bharadwaj, K. 1989. Themes in Value and Distribution: Classical Theory Reappraised. London: Unwin Hyman. , and G. M. Hodgson, eds. 2011. Essential Writings of Thorstein Veblen. London: Routledge. Dobb, M. H. 1973. Theories of Value and Distribution since Adam Smith: Ideology and Economic Theory. Cambridge: Cambridge University Press. Galbraith, J. K. 1952. American Capitalism: The Concept of Countervailing Power. Boston: Houghton Mifflin.

2 As well as preparing our allocated lectures, we had to read all the greats in the original texts, an excellent, indeed, essential requirement, of course. John McCarty, alas now dead, introduced us to Marx and did an excellent job. 3 In desperation, when preparing for the final exam, I read Paul Sweezy’s The Theory of Capitalist Development ([1942] 1969), still an excellent introduction to the great man’s ideas. 4 I doubt if I read much of Veblen as an undergraduate, though living in Melbourne from the 1930s to the 1950s certainly imprinted on me the vulgarity of conspicuous consumption and the hostilities between welldemarcated classes in what was then a snobby, stuffy, sectarian environment.

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