The general theory of transformational growth: Keynes after Sraffa
For the last century, economic analysis has been wedded to the idea of equilibrium, in spite of the evident fact that most economic relationships are in flux. The theory of transformational growth in this work replaces equilibrium with history. The role of the market is not to allocate resources, bu...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Cambridge University Press
1998
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| Online-Zugang: | BSB01 UBG01 Volltext |
| Zusammenfassung: | For the last century, economic analysis has been wedded to the idea of equilibrium, in spite of the evident fact that most economic relationships are in flux. The theory of transformational growth in this work replaces equilibrium with history. The role of the market is not to allocate resources, but to generate innovations, which are 'selected' by competition in an evolutionary process. These innovations in turn change the way markets work and how they adjust, thus creating new problems and new kinds of pressures to innovate. Different historical periods can be distinguished with a new one perhaps on the horizon. In each a distinctive style of technology prevails, associated with corresponding institutions and patterns of market behavior. The core relationships provide the foundations for a theory of monetary circulation, which makes possible a revised Keynesian approach, based on Classical foundations |
| Beschreibung: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Beschreibung: | 1 online resource (xxviii, 784 pages) |
| ISBN: | 9780511571794 |
| DOI: | 10.1017/CBO9780511571794 |
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| 505 | 8 | 0 | |g pt. I. |g 1 |g 2 |g pt. II. |g 3 |g 4 |g pt. III. |g 5 |g 6 |g pt. IV. |g 7 |g 8 |g 9 |g pt. V. |g 10 |g 11 |g pt. VI. |g 12 |g 13 |g 14 |t History or equilibrium? |t The idea of Transformational Growth |t The stylized facts of the old business cycle and the new |t Method and approach: the active mind |t Conceptual truths and empirical observations |t Rationality, structure, and behavior |t Money and the Golden Rule |t Circulation and production: the need for money |t Appendix: Recent theories of circulation |t Circulation and instability: the supply of money |t The wage profit trade off |t The Classical system: the Golden Rule, labor, and the wage profit trade off |t Appendix: A numerical example |t The Classical system: gravitation and market adjustment |t Cycles and growth: market adjustment in Craft conditions |t Investment and Mass Production |t Demand growth, pricing, and investment plans |t Inflation, employment, and market adjustment in Mass Production |t Appendix: Stability of the modes of operation |t Money and fluctuations in the modern economy |t Money and interest in the Keynesian system |t Growth and cycles: financially constrained instability under Mass Production |t Keynesian themes on Classical grounds |
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Datensatz im Suchindex
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| author | Nell, Edward J. |
| author_facet | Nell, Edward J. |
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| contents | History or equilibrium? The idea of Transformational Growth The stylized facts of the old business cycle and the new Method and approach: the active mind Conceptual truths and empirical observations Rationality, structure, and behavior Money and the Golden Rule Circulation and production: the need for money Appendix: Recent theories of circulation Circulation and instability: the supply of money The wage profit trade off The Classical system: the Golden Rule, labor, and the wage profit trade off Appendix: A numerical example The Classical system: gravitation and market adjustment Cycles and growth: market adjustment in Craft conditions Investment and Mass Production Demand growth, pricing, and investment plans Inflation, employment, and market adjustment in Mass Production Appendix: Stability of the modes of operation Money and fluctuations in the modern economy Money and interest in the Keynesian system Growth and cycles: financially constrained instability under Mass Production Keynesian themes on Classical grounds |
| ctrlnum | (ZDB-20-CBO)CR9780511571794 (OCoLC)967486945 (DE-599)BVBBV043927523 |
| dewey-full | 330.15/6 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.15/6 |
| dewey-search | 330.15/6 |
| dewey-sort | 3330.15 16 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9780511571794 |
| format | Electronic eBook |
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| isbn | 9780511571794 |
| language | English |
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| spelling | Nell, Edward J. Verfasser aut The general theory of transformational growth Keynes after Sraffa Edward J. Nell Cambridge Cambridge University Press 1998 1 online resource (xxviii, 784 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) pt. I. 1 2 pt. II. 3 4 pt. III. 5 6 pt. IV. 7 8 9 pt. V. 10 11 pt. VI. 12 13 14 History or equilibrium? The idea of Transformational Growth The stylized facts of the old business cycle and the new Method and approach: the active mind Conceptual truths and empirical observations Rationality, structure, and behavior Money and the Golden Rule Circulation and production: the need for money Appendix: Recent theories of circulation Circulation and instability: the supply of money The wage profit trade off The Classical system: the Golden Rule, labor, and the wage profit trade off Appendix: A numerical example The Classical system: gravitation and market adjustment Cycles and growth: market adjustment in Craft conditions Investment and Mass Production Demand growth, pricing, and investment plans Inflation, employment, and market adjustment in Mass Production Appendix: Stability of the modes of operation Money and fluctuations in the modern economy Money and interest in the Keynesian system Growth and cycles: financially constrained instability under Mass Production Keynesian themes on Classical grounds For the last century, economic analysis has been wedded to the idea of equilibrium, in spite of the evident fact that most economic relationships are in flux. The theory of transformational growth in this work replaces equilibrium with history. The role of the market is not to allocate resources, but to generate innovations, which are 'selected' by competition in an evolutionary process. These innovations in turn change the way markets work and how they adjust, thus creating new problems and new kinds of pressures to innovate. Different historical periods can be distinguished with a new one perhaps on the horizon. In each a distinctive style of technology prevails, associated with corresponding institutions and patterns of market behavior. The core relationships provide the foundations for a theory of monetary circulation, which makes possible a revised Keynesian approach, based on Classical foundations Wirtschaftsentwicklung Keynesian economics Economic development Neokeynesianismus (DE-588)4138182-8 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf Wachstumstheorie (DE-588)4128160-3 s Neokeynesianismus (DE-588)4138182-8 s 1\p DE-604 Wirtschaftswachstum (DE-588)4066527-6 s 2\p DE-604 Erscheint auch als Druckausgabe 978-0-521-02359-7 Erscheint auch als Druckausgabe 978-0-521-59006-8 https://doi.org/10.1017/CBO9780511571794 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Nell, Edward J. The general theory of transformational growth Keynes after Sraffa History or equilibrium? The idea of Transformational Growth The stylized facts of the old business cycle and the new Method and approach: the active mind Conceptual truths and empirical observations Rationality, structure, and behavior Money and the Golden Rule Circulation and production: the need for money Appendix: Recent theories of circulation Circulation and instability: the supply of money The wage profit trade off The Classical system: the Golden Rule, labor, and the wage profit trade off Appendix: A numerical example The Classical system: gravitation and market adjustment Cycles and growth: market adjustment in Craft conditions Investment and Mass Production Demand growth, pricing, and investment plans Inflation, employment, and market adjustment in Mass Production Appendix: Stability of the modes of operation Money and fluctuations in the modern economy Money and interest in the Keynesian system Growth and cycles: financially constrained instability under Mass Production Keynesian themes on Classical grounds Wirtschaftsentwicklung Keynesian economics Economic development Neokeynesianismus (DE-588)4138182-8 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Wachstumstheorie (DE-588)4128160-3 gnd |
| subject_GND | (DE-588)4138182-8 (DE-588)4066527-6 (DE-588)4128160-3 |
| title | The general theory of transformational growth Keynes after Sraffa |
| title_alt | History or equilibrium? The idea of Transformational Growth The stylized facts of the old business cycle and the new Method and approach: the active mind Conceptual truths and empirical observations Rationality, structure, and behavior Money and the Golden Rule Circulation and production: the need for money Appendix: Recent theories of circulation Circulation and instability: the supply of money The wage profit trade off The Classical system: the Golden Rule, labor, and the wage profit trade off Appendix: A numerical example The Classical system: gravitation and market adjustment Cycles and growth: market adjustment in Craft conditions Investment and Mass Production Demand growth, pricing, and investment plans Inflation, employment, and market adjustment in Mass Production Appendix: Stability of the modes of operation Money and fluctuations in the modern economy Money and interest in the Keynesian system Growth and cycles: financially constrained instability under Mass Production Keynesian themes on Classical grounds |
| title_auth | The general theory of transformational growth Keynes after Sraffa |
| title_exact_search | The general theory of transformational growth Keynes after Sraffa |
| title_full | The general theory of transformational growth Keynes after Sraffa Edward J. Nell |
| title_fullStr | The general theory of transformational growth Keynes after Sraffa Edward J. Nell |
| title_full_unstemmed | The general theory of transformational growth Keynes after Sraffa Edward J. Nell |
| title_short | The general theory of transformational growth |
| title_sort | the general theory of transformational growth keynes after sraffa |
| title_sub | Keynes after Sraffa |
| topic | Wirtschaftsentwicklung Keynesian economics Economic development Neokeynesianismus (DE-588)4138182-8 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Wachstumstheorie (DE-588)4128160-3 gnd |
| topic_facet | Wirtschaftsentwicklung Keynesian economics Economic development Neokeynesianismus Wirtschaftswachstum Wachstumstheorie |
| url | https://doi.org/10.1017/CBO9780511571794 |
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