Groth, Profits and Property Essays in the Revival of Political Economy [Paperback]

This collection of essays is designed to present the variety, complexity, and power of non-neoclassical economic thinking to serious undergraduates.This collection of essays is designed to present the variety, complexity, and power of non-neoclassical economic thinking to serious undergraduates. The essays cover the basic topics of undergraduate economics programmes but define the fundamental questions differently and employ different analytical tools.This collection of essays is designed to present the variety, complexity, and power of non-neoclassical economic thinking to serious undergraduates. The essays cover the basic topics of undergraduate economics programmes but define the fundamental questions differently and employ different analytical tools.This collection of essays is designed to illustrate the variety, complexity and power of non-neoclassical economic thinking. The essays define the fundamental questions differently, employ different analytical tools and arrive at different conclusions. The two strands of non-neoclassical thinking that occupy most of the book are the neo-Keynesian and the neo-Marxian. The bulk of the book is composed of essays on microeconomics, macroeconomics, trade, comparative systems and welfare, with an unusual section on property rights and social hierarchy.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: lc2