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Services today account for a major share of employment and national product in the U. S. , with the employment share up from 57 percent immediately post-war to well over 70 percent today (if communications, utilities and transportation are included). This transformation (which is also occurring with varying lags in the othereconomically advanced economies) is driven by a variety of forces : by changes in consumer demand, by the rising demand for health and educational services, by new ways in which businesses are organized and the increasing importance ofcertain functions (e. g. new demands for monitoring, financing, sales promotion, and responding to regulatory agencies), and, closely related, by the continuing advances in electronic technology. Moreover, these multiple transformations have been accompanied by changes in the way work is carried out (e. g. the dramatic increases in the utilization of white collar workers, particularly professionals and managers, and the employment of women and educated workers), and by shifts in the location of work and of the population (e. g. rising importance of key cities within the urban system and of suburbs generally). The role of services in modem capitalistic economies is not yet integrated into the body of economic theory, although the need for such integration, especially as regards theories ofgrowth, market structure, and pricing, is critical. Some economists and sociologists, however, have since the days of Adam Smith, dealt with certain aspects of the role of services.
This book gives a rigorous view of classical Marxian economic theory by presenting specific analytic models.
What is Marxian Economics The Marxian school of economics, sometimes known as Marxian economics, is a school of political economic thinking that is considered to be rather unorthodox. The critique of political economics that Karl Marx offered can be traced back to the origins of this phenomenon. Marxian economists, on the other hand, have a tendency to accept the notion of the economy upon first glance, in contrast to those who criticize political economy. Marxian economics is comprised of a number of distinct theories and encompasses a number of schools of thought, some of which are in direct opposition to one another. In many instances, Marxian analysis is utilized to complement or augment other economic techniques. Due to the fact that one does not necessarily need to be politically Marxist in order to be economically Marxian, the two terms coexist in usage rather than being synonymous with one another: Both connotative and denotative differences are allowed, despite the fact that they participate in the same semantic field. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Marxian economics Chapter 2: Labor theory of value Chapter 3: Means of production Chapter 4: Transformation problem Chapter 5: Paul Sweezy Chapter 6: Organic composition of capital Chapter 7: Use value Chapter 8: Law of value Chapter 9: Tendency of the rate of profit to fall Chapter 10: Criticism of Marxism Chapter 11: Monopoly Capital Chapter 12: Criticisms of the labour theory of value Chapter 13: Perspectives on capitalism by school of thought Chapter 14: The Theory of Capitalist Development Chapter 15: An Essay on Marxian Economics Chapter 16: Capitalist mode of production (Marxist theory) Chapter 17: Neo-Marxism Chapter 18: Surplus value Chapter 19: Socialist mode of production Chapter 20: Das Kapital Chapter 21: Anarchist economics (II) Answering the public top questions about marxian economics. (III) Real world examples for the usage of marxian economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of marxian economics.
Over the last twenty-five years, Stephen Resnick and Richard Wolff have developed a groundbreaking interpretation of Marxian theory generally and of Marxian economics in particular. This book brings together their key contributions and underscores their different interpretations. In facing and trying to resolve contradictions and lapses within Marxism, the authors have confronted the basic incompatibilities among the dominant modern versions of Marxian theory, and the fact that Marxism seemed cut off from the criticisms of determinist modes of thought offered by post-structuralism and post-modernism and even by some of Marxism’s greatest theorists.
A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors 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 recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.