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5 edition of An introduction to post-Keynesian and Marxian theories of value and price found in the catalog.

An introduction to post-Keynesian and Marxian theories of value and price

by Peter M. Lichtenstein

  • 305 Want to read
  • 34 Currently reading

Published by Macmillan in London .
Written in English

    Subjects:
  • Sraffa, Piero.,
  • Economics -- History.,
  • Keynesian economics.,
  • Marxian economics.,
  • Prices.,
  • Value.

  • Edition Notes

    Bibliography: p. 194-198.

    StatementPeter M. Lichtenstein.
    Classifications
    LC ClassificationsHB203 .L47 1983, HB203 L47 1983
    The Physical Object
    Paginationxvii, 206 p. :
    Number of Pages206
    ID Numbers
    Open LibraryOL19606111M
    ISBN 100333362373, 0873322576, 0873322142

    Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub, Paul Davidson, Piero Sraffa and Jan ian Robert Skidelsky argues that the post-Keynesian school has remained closest to the spirit of. viii The Economics of Keynes: A New Guide to The General Theory 3. THE PROPENSITY TO CONSUME A Patinkin and the proportional multiplier A Factor income and effective demand A The multiplier as a condition of market-period equilibrium

    Davidson, Paul () ‘A post-Keynesian view of theories and causes for high real interest rates’, Thames Papers in Political Economy, Spring. Google Scholar Dillard, Dudly () ‘A monetary theory of production: Keynes and the institutionalists’, Journal of Economic Issues, vol. 14, no. 2, . The authors, building on their earlier book Economics: Marxian versus Neoclassical, offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze.

    Marxian and Post-Keynesian Theories of Finance and the Business Cycle. Introduction. The end of the economic expansion that began in the us and the other advanced capitalist countries in the early s presents an opportune moment to review Marxian theories of the business cycle. (1) Much of the orthodox discussion about whether the end. P. Lichtenstein, “Post-Keynesian Theories of Value and Price,” in An Introduction to Post-Keynesian and Marxian Theories of Value and Price, (Armonk, NY: M.E. Sharpe, ).


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An introduction to post-Keynesian and Marxian theories of value and price by Peter M. Lichtenstein Download PDF EPUB FB2

Peter M. Lichtenstein believes that any social-economic theory of capitalism must begin with a theory of value and price.

Dismissing the neoclassical school, he turns to post-Keynesian and Marxian economics with their coherent and consistent theories of value and price based on concrete objective by: Book Description. Peter M. Lichtenstein believes that any social-economic theory of capitalism must begin with a theory of value and price.

Dismissing the neoclassical school, he turns to post-Keynesian and Marxian economics with their coherent and consistent theories of value and price based on concrete objective circumstances.

A methodological introduction --The post-Keynesian / Marxian alternatives --The objective theory of value --The subjective theory of value --The economic surplus historically considered --Contemporary surplus concepts --The post-Keynesian (neo-Ricardian) theory of value and price --Wages, profits, and prices --The Ricardian value problem: The.

Introduction to post-Keynesian and Marxian theories of value and price. London: Macmillan, (OCoLC) Named Person: Piero Sraffa; Piero Sraffa: Document Type: Book: All Authors / Contributors: Peter M Lichtenstein.

Books Book Series Online Platforms Open Access Blog; SALE ; Search. 1st Edition An Introduction to Post-Keynesian and Marxian Theories of Value and Price By Lichtenstein. First Published Hardback $ This version cannot be shipped to your selected country.

An Introduction to Post-Keynesian and Marxian Theories of Value and. Routledge Library Editions: The History of Economic Thought: An Introduction to Post-Keynesian and Marxian Theories of Value and Price (Volume 11): Economics Books @.

Panel discussion: Post Keynesian Economic Policy, with V. Chick, M. Sawyer and Ozlem Onaran (Greenwich University) Friday, 12 July, am - pm Dimitris Sotiropoulos, Kingston University: Introduction to Marxian Political Economy Julian Wells, Kingston University: Value, price and profit: problems and solutions.

This book shows how the realistic foundations and stylized facts of Post-Keynesian economics give rise to macroeconomic implications that are different from those of received wisdom with regards to employment, output growth, inflation and monetary theory, and offers an alternative to neoclassical economics and its free-market economic policies.

Walsh and H. Gram, Classical and Neoclassical Theories of General Equilibrium A. Roncaglia, The Wealth of Ideas: A History of Economic Thought; P. Lichtenstein, An Introduction to Post-Keynesian and Marxian Theories of Value and Price; Assessment: Mid-Term Test Ma and is worth 20% of your final grade.

Marxian economics, or the Marxian school of economics, is a heterodox school of economic thought. Its foundations can be traced back to the critique of classical political economy in the research by Karl Marx and Friedrich n economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other, and in many cases Marxian.

Post-Keynesian Economics and Other Reactions to Keynes Role of the State in Capitalist Society Appendix: Rational Expectations 4 Marxian Theory The Marxian Tradition and Its Theories Marx ’ s Contributions Marxism since Marx In this book, the author Marc Lavoie, a post-Keynesian economist and author of several essays, presents an introduction to post-Keynesian theories.

In the first chapter introduces the main elements of neoclassical economic theories and heterodox s: 7. An Introduction to Post-Keynesian and Marxian Theories of Value and Price Peter M Lichtenstein Peter M. Lichtenstein believes that any social-economic theory of capitalism must begin with a theory of value and price.

International economic theories emerged within particular social, economic and political frameworks and were developed as solutions to the problems of contemporary economics. In order to understand the increasingly complex and interdependent state of today's international economy, we need to realise the importance of those theories that came before.

However, many international economics. Frederic Lee sets out the foundations of a post-Keynesian price theory through developing an empirically grounded production schema. The administered, normal cost and mark-up price doctrines are explained in parts I-III of the book, as many of their theoretical arguments are important for.

References: Adam Smith: An Inquiry into the nature and causes of the Wealth of Nations, (Modern Library, New York, ) Kamala Subramaniam and Prabha Panth: The Macro theories of Value and Distribution, (New Age International, Secunderabad, ) Peter Lichtenstein: An Introduction to Post-Keynesian and Marxian Theories of Value and Price, (M.

5 Post-Keynesian Theories of Value, Distributions, and Price Setting. Post-Keynesian theories of value, distribution, and price-setting by, usually, an oligopolistic price-leader firm are now examined.

Both sets of theories arise from dissatisfaction with supply and demand theories. An Introduction to Post-Keynesian and Marxian Theories of Value and Price.

by Peter M. Lichtenstein. Routledge Library Editions: The History of Economic Thought. Thanks for Sharing. You submitted the following rating and review. We'll publish them on our site once we've reviewed : Taylor And Francis.

The ideas which are classified as post-Keynesian have a long history and post-Keynesian economics reflects the classical tradition and Marx as much as it does Keynes and Kalecki.

46 The main tenets of post-Keynesianism are; first, that the default position of the economy is not one of equilibrium, rather that economies are dynamic and therefore. In this paper we have taken issue with those Marxian and post-Keynesian views which neglect the broad similarities between Marx’s economics and post-Keynesian approaches in the field of money, credit and the rate of interest.

Starting from the older observations on the common ground of Marx’s and Keynes’s views in the fields mentioned above, we have shown that Marx’s economics cannot.

This paper provides an empirical analysis of Marx's theory of exploitation built on the standard interpretation of the value of labour power. The relationship between the aggregate value rate of profit and the aggregate price rate of profit is studied and it is shown that the two rates coincide up to negligible deviations by using flow as well as stock matrix data for the German economy (Introduction The author, Ernest Mandel, is described in the Introduction as “probably the most influential exponent of scientific socialism in the Western world today”, who is “banned from the US, Germany, France, Switzerland and Australia for his socialist views”.

“While Mandel, as a Trotskyist, adheres to classical Marxism”. 1 Theory of Value and Surplus-Value Man’s progress /5(36). He has been working on heterodox microeconomic theory from institutionalist, Marxian, and Post Keynesian perspectives. Lynne Chester is Associate Professor in the University of Sydney’s Department of Political Economy, Australia.

She is recognized as a leading Australian scholar in the empirical application of Régulation theory.