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Transformational Growth And Effective Demand: Economics After the Capital Critique by Edward J. Nell

Transformational Growth And Effective Demand: Economics After the Capital Critique

by Edward J. Nell
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Book cover type: Hardcover
  • ISBN13: 9780814757697
  • Binding: Hardcover
  • Subject: Economics
  • Publisher: NYU Press
  • Publisher Imprint: NYU Press
  • Publication Date:
  • Pages: 706
  • Original Price: USD 100.0
  • Language: English
  • Edition: N/A
  • Item Weight: 1166 grams
  • BISAC Subject(s): Political Economy

About the Book This collection of essays develops Edward Nell's influential theory of transformational growth. Nell sets established concepts such as the classical notion of prices of production and the wage-profit frontier within a significant new framework that illustrates their role in the dynamic evoution of the industrial system from its beginnings in feudalism through the early capitalism of the family firms to the modern system of effective demands and multiplier adjustments. The essays present the method and its relation to the capital critique before developing the main ideas of transformational growth through a series of historical studies culminating in a revised theory of the multiplier. Outlining policies which strongly affirm an expansionist approach, Nell porposes a reconstruction of macroeconimics.

Nell, Edward J.: - Edward J. Nell is Professor of Economics at the New School for Social Research and the author of Keynes After Sraffa.

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