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Growth, Profits and Property
Essays in the Revival of Political Economy


Edward J. Nell, Stephen Hymer, Donald J. Harris, Scott Moss, Anwar Shaikh, Alfred S. Eichner, Paul Davidson, J. A. Kregel, G. C. Harcourt, John Eatwell, Alfredo Medio, E. K. Hunt, David P. Ellerman, J. A. Kregel, Frank Roosevelt.
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  • Date Published: September 1984
  • availability: Available
  • format: Paperback
  • isbn: 9780521319188

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About the Authors
  • 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.

    Reviews & endorsements

    ' … excellent … the contributions are competent, stimulating, and relevant …' Journal of Economic Literature

    ' … it is a very welcome book, and its blend of constructive and destructive criticism of the neoclassical view of capitalism is generally quite effective …' The Economic Journal

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    Product details

    • Date Published: September 1984
    • format: Paperback
    • isbn: 9780521319188
    • length: 320 pages
    • dimensions: 254 x 178 x 17 mm
    • weight: 0.56kg
    • availability: Available
  • Table of Contents

    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: a theoretical framework for monetary analysis Paul Davidson and J. A. Kregel
    9. A post-Keynesian development model of the "Keynesian" model G. C. Harcourt
    10. A simple framework for the analysis of taxation, distribution, and effective demand John Eatwell
    11. A classical model of business cycles Alfredo Medio
    Part V. International trade:
    12. Internationalization of capital and international politics: a radical approach Stephen Hymer
    13. The laws of international exchange Anwar Shaikh
    Part VI. Property and welfare:
    14. A radical critique of welfare economics E. K. Hunt
    15. Property theory and orthodox economics David P. Ellerman
    Part VII. Marxism and modern economics:
    16. Marx, Keynes, and social change: is post-Keynesian theory neo-Marxist? J. A. Kregel
    17. Cambridge economics as commodity fetishism Frank Roosevelt

  • Editor

    Edward J. Nell


    Edward J. Nell, Stephen Hymer, Donald J. Harris, Scott Moss, Anwar Shaikh, Alfred S. Eichner, Paul Davidson, J. A. Kregel, G. C. Harcourt, John Eatwell, Alfredo Medio, E. K. Hunt, David P. Ellerman, J. A. Kregel, Frank Roosevelt.

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