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Capitalism: Competition, Conflict, Crises
Anwar Shaikh
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Description for Capitalism: Competition, Conflict, Crises
Hardback. In Capitalism, Anwar Shaikh demonstrates that most of the central propositions of economic analysis can be derived without any reference to hyperrationality, optimization, perfect competition, perfect information, representative agents or so-called rational expectations. Num Pages: 960 pages. BIC Classification: KCA; KCS. Category: (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 235 x 156. .
Neoclassical economical theory uses aspects of perfect functioning of markets as part of its basic assumptions and introduces imperfections as analysis proceeds forward. Many types of heterodox economics insist on dealing with imperfect competition but project backwards to a previous perfect state. In Capitalism, Anwar Shaikh demonstrates that most of the central propositions of economic analysis can be derived without any reference to hyperrationality, optimization, perfect competition, perfect information, representative agents or so-called rational expectations. These include the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, ... Read more
Neoclassical economical theory uses aspects of perfect functioning of markets as part of its basic assumptions and introduces imperfections as analysis proceeds forward. Many types of heterodox economics insist on dealing with imperfect competition but project backwards to a previous perfect state. In Capitalism, Anwar Shaikh demonstrates that most of the central propositions of economic analysis can be derived without any reference to hyperrationality, optimization, perfect competition, perfect information, representative agents or so-called rational expectations. These include the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, ... Read more
Product Details
Publisher
Oxford University Press Inc United States
Number of pages
960
Format
Hardback
Publication date
2016
Condition
New
Weight
1552g
Number of Pages
1024
Place of Publication
New York, United States
ISBN
9780199390632
SKU
V9780199390632
Shipping Time
Usually ships in 5 to 9 working days
Ref
99-99
About Anwar Shaikh
Anwar Shaikh is Professor of Economics at the Graduate Faculty of Political and Social Science of the New School University and Associate Editor of the Cambridge Journal of Economics. From 2000-2005, he was Senior Scholar and member of the Macro Modeling Team at the Levy Economics Institute of Bard College.
Reviews for Capitalism: Competition, Conflict, Crises
This book is a remarkable achievement, and there is a great deal to be learned from it.
John E. King, The Economic and Labour Relations Review
John E. King, The Economic and Labour Relations Review