Growth, Profits, and Property: Essays in the Revival of Political Economy

Abstract

Introduction Cracks in the neoclassical mirror: on the break-up of a vision Edward J. Nell Part I. Class relations in circulation and production: 1. The revival of political economy Edward J. Nell 2. Robinson Crusoe and the secret of primitive accumulation Stephen Hymer Part II. The Cambridge criticisms: 3. A postmortem on the neoclassical parable Donald J. Harris 4. The end of orthodox capital theory Scott Moss 5. Laws of production and laws of algebra: Humbug II Anwar Shaikh Part III. Microeconomics: 6. Competition and price-taking behaviour Edward J. Nell 7. A general model of investment and pricing Alfred S. Eichner Part IV. Macroeconomics: 8 Keynes's paradigm: a theoretical framework for monetary analysis Paul Davidson and J. A. Kregel 9. A post-Keynesian development model of the Keynesian model G. C. Harcourt 10. A simple framework for the analysis of taxation, distribution, and effective demand John Eatwell 11. A classical model of business cycles Alfredo Medio Part V. International trade: 12. Internationalization of capital and international politics: a radical approach Stephen Hymer 13. The laws of international exchange Anwar Shaikh Part VI. Property and welfare: 14. A radical critique of welfare economics E. K. Hunt 15. Property theory and orthodox economics David P. Ellerman Part VII. Marxism and modern economics: 16. Marx, Keynes, and social change: is post-Keynesian theory neo-Marxist? J. A. Kregel 17. Cambridge economics as commodity fetishism Frank Roosevelt Epilogue