Download Quantitative Marxism by Paul Dunne PDF

By Paul Dunne

This e-book seeks to set up a positive and valuable interplay among empirical information and study tools, at the one hand, and Marxist concept and research, at the different. It exhibits that it's attainable to operationalise Marxist thoughts both by utilizing orthodox information and reinterpreting it, or by means of developing info that are extra congruent with Marxist notions. The contributions take care of quite a lot of theoretical, methodological and policy-related concerns. one of the noticeable matters mentioned are unemployment and structural swap, asymmetric improvement and business restructuring, and the monetary region. Quantitative Marxism should be of curiosity to scholars and lecturers in economics and political economic system, in addition to to a broader viewers drawn to modern social and financial coverage.

Show description

Read Online or Download Quantitative Marxism PDF

Similar economic theory books

The Science of Passionate Interests: An Introduction to Gabriel Tarde's Economic Anthropology

How can economics turn into surely quantitative? this can be the query that French sociologist Gabriel Tarde tackled on the finish of his profession, and during this pamphlet, Bruno Latour and Vincent Antonin Lépinay supply a full of life advent to the paintings of the forgotten genius of nineteenth-century social concept.

The Handbook of Market Design

Economists frequently examine markets as given, and take a look at to make predictions approximately who will do what and what is going to ensue in those markets marketplace layout, against this, doesn't take markets as given; as an alternative, it combines insights from fiscal and video game concept including logic and classes discovered from empirical paintings and experimental research to help within the layout and implementation of exact markets lately the sphere has grown dramatically, in part a result of profitable wave of spectrum auctions within the US and in Europe, which were designed via a couple of favourite economists, and in part due to the raise use of the web because the platform over which markets are designed and run there's now a great number of functions and a turning out to be theoretical literature.

Prosperity for All: How to Prevent Financial Crises

Within the aftermath of the 2008 monetary hindrance, economists all over the world have complicated theories to give an explanation for the endurance of excessive unemployment and coffee progress charges. based on Roger E. A. Farmer, those theories could be divided into major colleges of inspiration: the information of pre-Keynesian students who blame the recession on undesirable monetary coverage, and the feedback of "New Keynesian" students who suggest general alterations to pick assumptions of Keynes' common conception.

J.R. McCulloch: A Study in Classical Economics

This can be one of many first whole surveys of McCulloch's paintings, and it exhibits his proposal to were way more advanced and complete than has formerly been learned.

Extra resources for Quantitative Marxism

Sample text

The various debates over how these adjustm ents should be made, particularly the last, are discussed in the text. These quantities allow the time path of total value and its components and the rate o f exploitation to be analyzed and, using a measure o f the capital stock, allows the rate of profit to be computed. It is interesting that the adjusted data tell a different story about the development of the UK economy, and the relative power of capital and labour, than the unadjusted quantities o f income from employment and profits.

However, the objection that the ‘true’ structural relations are not directly observable is not peculiar to Marxism. Indeed, it is a basic tenet of econometric methodology. e. to ensure that the observable arises directly from the underlying structural model, are identical in spirit to the fetishism objection. ) I used this idea to characterize the transform ation problem in econometric terms in Desai (1974). O f course, in the standard econo­ metric case the param eters are unobservable, and only the coefficients can be estimated but the variables themselves are usually observable.

Shaikh’s work has been followed up much more thoroughly by Petrovic (1987). He is careful to distinguish between value and produc­ tion price, takes account of durable capital and introduces the complication caused by data being cast in market prices rather than production prices. Petrovic obtains the im portant result that the price - value deviation is an increasing function of the actual profit rate. 1 per cent but around 20 per cent for a profit rate o f 15 per cent. Petrovic also generalizes the price-value calculation considerably by allowing profit rates to be unequal across sectors, or, if equal, by distinguishing between actual and maximal profit rates.

Download PDF sample

Rated 4.54 of 5 – based on 30 votes