Theory of Production

Theory of Production

Author: Heinz D. Kurz

Publisher: Cambridge University Press

Published: 1997-02-28

Total Pages: 596

ISBN-13: 9780521588676

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This compelling book contains a comprehensive analytical treatment of the theory of production in a long-period framework. Although the authors take a 'Classical' approach to their subject, the scope of investigation and methods employed should interest all economic theorists. Professors Kurz and Salvadori explore economic systems that are characterised by a particular kind of primary input in the production process, such as different kinds of labour and natural resources. These systems and the corresponding prices can be understood to reflect characteristic features of a capitalist market economy in an ideal way: they express the pure logic of the relationship between value and distribution in an economic system. Specific chapters deal with prices and income distribution, economic growth, joint production, fixed capital, scarce natural resources (both renewable and exhaustible), and heterogeneous labour. The historical origins of the concepts used are also discussed in considerable detail.


Classic Papers in Natural Resource Economics Revisited

Classic Papers in Natural Resource Economics Revisited

Author: Chennat Gopalakrishnan

Publisher: Routledge

Published: 2018-02-02

Total Pages: 696

ISBN-13: 1317443810

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Classic Papers in Natural Resource Economics Revisited is the first attempt to bring together a selection of classic papers in natural resource economics, alongside reflections by highly regarded professionals about how these papers have impacted the field. The seven papers included in this volume are grouped into five sections, representing the five core areas in natural resource economics: the intertemporal problem; externalities and market failure; property rights, institutions and public choice; the economics of exhaustible resources; and the economics of renewable resources. The seven papers are written by distinguished economists, five of them Nobelists. The papers, originally published between 1960 and 2000, addressed key issues in resource production, pricing, consumption, planning, management and policy. The original insights, fresh perspectives and bold vision embodied in these papers had a profound influence on the readership and they became classics in the field. This is the first attempt to publish original commentaries from a diverse group of scholars to identify, probe and analyse the ways in which these papers have impacted and shaped the discourse in natural resource economics. Although directed primarily at an academic audience, this book should also be of great appeal to researchers, policy analysts, and natural resource professionals, in general. This book was published as a series of symposia in the Journal of Natural Resources Policy Research.


The Pathology of the U.S. Economy Revisited

The Pathology of the U.S. Economy Revisited

Author: M. Perlman

Publisher: Springer

Published: 2002-01-12

Total Pages: 247

ISBN-13: 0230108237

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This book describes the deep contradictions plague market economies. It shows how the influence of these contradictions sometimes subsides, allowing the economy to perform relatively well. But in time, these contradictions accumulate and economy declines as if it suffers from some degenerative disease. The policies designed to rise above these contradictions often spawn even more severe contradictions. This book describes how these contradictions have affected the economy of the United States in the past and the dangers that the future poses. For example, policies to stimulate the economy eventually lead to stagnation. Policies to make hold down wages make business even more uncompetitive. It also analyzes the destructive consequences of the military, finance, and the Federal Reserve. Finally, it debunks the mythological promise of a New Economy.


Value Theory:

Value Theory:

Author: Peter Herrmann

Publisher:

Published: 2019

Total Pages: 0

ISBN-13: 9781536163025

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The theory of value is probably the most disputed feature of Marx' political economy, while mostly another problem - namely the issue of transformation - is addressed. Two particular reasons for this contestation are the following: * it stands at the centre of marking the political of political economy* it is cross-cutting with respect to the micro- and macro-level and especially the 'personal/individual' and the 'societal/institutional' aspects of economic thinking.In addition, some illusionary reasoning, suggesting that we are all better off than we had been 10, 50 or 100 years ago, remains more in the vein of a 'Yes, we can' supposition, not arriving in reality. Furthermore, the questionable character comes even more to the fore as we witness again the existence of a group of plutocrats (Freeland, 2012), a class of superrich whose affluence is beyond reason and even imagination. However, at the core stands an obviously far-reaching change of the mode of production.Notwithstanding the critique then and now, there are good reasons to emphasise the usefulness of the theory of value. These will be taken up by exploring explicitly the tensions mentioned, and discussing them against the background of the contemporary shift within the capitalist mode of production.Marxism, in this light, is instrumental for the analysis of globalisation as it allows a clearer understanding not least of the emergence of poverty chains and the role of the capitalist state as an institution that maintains centre-periphery patterns of inequality within the productive sphere. Furthermore, we can find here at least clues for answers Marxism has when it comes to fighting for societal change, not least changes and challenges that are linked to the emerging processes around digitisation.


Japanese Political Economy Revisited

Japanese Political Economy Revisited

Author: David Chiavacci

Publisher: Routledge

Published: 2020-11-25

Total Pages: 132

ISBN-13: 0429884567

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During the last 30 years, the Japanese political economy system has experienced significant changes that are usually not well understood or analysed because of their complexity and contradictions. This book provides new analyses and insights on the process of evolving Japanese political economy including Japan’s current economic policy known as Abenomics. The first three chapters looks at evolutions at the corporate level, characterised in recent years by increasing firm heterogeneity. The authors apply theoretically driven analyses to the complex subject of corporate governance, human resource management and corporate reporting by discussing new developments in context of their economic opportunities as well as of their institutional contradictions with continuities in Japanese business practices. The second group of chapters deals with institutional changes and evolving economic reforms on the macro level of political economy. The two chapters focus on the financial system regulation and economic growth policies as two central elements of Japan’s political economy and key drivers in the evolution of its economy. Their analysis allows us to better understand the interplay between reforms and change in consumption credit and to reinterpret Abenomics as a manifestation of ongoing contradictions within the Japanese political economy. The chapters were originally published in a special issue in Japan Forum.


The Informal Economy Revisited

The Informal Economy Revisited

Author: Martha Chen

Publisher: Routledge

Published: 2020-07-14

Total Pages: 323

ISBN-13: 0429575386

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This landmark volume brings together leading scholars in the field to investigate recent conceptual shifts, research findings and policy debates on the informal economy as well as future challenges and directions for research and policy. Well over half of the global workforce and the vast majority of the workforce in developing countries work in the informal economy, and in countries around the world new forms of informal employment are emerging. Yet the informal workforce is not well understood, remains undervalued and is widely stigmatised. Contributors to the volume bridge a range of disciplinary perspectives including anthropology, development economics, law, political science, social policy, sociology, statistics, urban planning and design. The Informal Economy Revisited also focuses on specific groups of informal workers, including home-based workers, street vendors and waste pickers, to provide a grounded insight into disciplinary debates. Ultimately, the book calls for a paradigm shift in how the informal economy is perceived to reflect the realities of informal work in the Global South, as well as the informal practices of the state and capital, not just labour. The Informal Economy Revisited is the culmination of 20 years of pioneering work by WIEGO (Women in Informal Employment: Globalizing and Organizing), a global network of researchers, development practitioners and organisations of informal workers in 90 countries. Researchers, practitioners, policy-makers and advocates will all find this book an invaluable guide to the significance and complexities of the informal economy, and its role in today’s globalised economy. The Open Access version of this book, available at https://www.taylorfrancis.com/books/e/9780429200724, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license


Intellectual Capital in Enterprise Success

Intellectual Capital in Enterprise Success

Author: Lindsay Moore

Publisher: John Wiley & Sons

Published: 2008-06-02

Total Pages: 222

ISBN-13: 0470285206

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Maximize your company's intellectual capital with the tools, techniques, and framework found in Intellectual Capital in Enterprise Success: Strategy Revisited. This timely book will take you a step ahead of your competitors in driving successful and appropriate intellectual asset management practices, showing you how to capture and effectively deploy intellectual assets within your business.


The Core of Economies with Asymmetric Information

The Core of Economies with Asymmetric Information

Author: Ulrich Schwalbe

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 151

ISBN-13: 3642584772

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and should therefore constitute a part of every area of economic 3 theory. The spectrum covered by information economics today ranges from Stigler's search theory4 to industrial economics, including oligopoly theory, innovation, as well as research and develop 5 ment. However, the area information economics is most closely connected with is the theory of optimal contracts, mainly ana 6 lyzed in principal-agent models. Contract theory deals primar ily with the question of how optimal arrangements (contracts) for the purchase and sale of commodities and services between two or more agents should be structured. In these models, it is often assumed that the parties to the contract are informed differently or asymmetrically about relevant variables (e. g. the health of one party in the case of insurance contracts, or the effort in relation to employment contracts). As a result of this asymmetric in formation, phenomena such as moral hazard, adverse selection, signaling, and screening may arise. Frequently, results from con tract theory are referred to when making statements about the effects of asymmetric information on an economy. Models of this kind are often used to explain phenomena such as fixed wages or unemployment, among others. 7 However, such conclusions must be treated with caution for two reasons. In the first place, in these models, a contract (explicit or implicit) is determined by the solution of an optimization prob lem.