Προσθήκη στα αγαπημένα
Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. In Capitalism, Shaikh's approach demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.
PART I. FOUNDATIONS OF THE ANALYSIS
1. Introduction
2. Turbulent Trends and Hidden Structures
3. Microfoundations and Macro Patterns
4. Production and Costs
5. Exchange, Money, and Price
6. Capital and Profit
PART II. REAL COMPETITION
7. The Theory of Real Competition
8. Debates on Perfect and Imperfect Competition
9. Competition and Interindustrial Relative Prices
10. Competition, Finance, and Interest Rates
11. International Competition and the Theory of Exchange Rates
PART III. TURBULENT MACRODYNAMICS
12. The Rise and Fall of Modern Macroeconomic
13. Classical Macrodynamics
14. The Theory of Wages and Unemployment
15. Modern Money and Inflation
16. Growth, Cycles, and Crises
17. Summary and Conclusions
Περιγραφή
Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. In Capitalism, Shaikh's approach demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.
