By Josef Steindl
Those are the gathered essays of Josef Steindl, the writer of "Maturity and Stagnation in American Capitalism". They contain a lifetime's paintings and infrequently move greatly opposed to the current mainstream of financial idea. a few papers were rewritten, one increased and are thoroughly new. the themes coated comprise macroeconomics, financial coverage, the enterprise, know-how and stochastic methods. the writer is prompted through Marx, Keynes and Kalecki but additionally has many unique principles of his personal.
Read Online or Download Economic Papers 1941–88 PDF
Best business & finance books
This research addresses the function that the air strength wing commander performs in affecting the extent of aircrew morale in the course of air wrestle. This research solutions the query: Is it attainable to spot these features of management which are in a position to maintain aircrew morale within the face of important losses? First, the writer defines aircrew morale because the enthusiasm and patience of airmen to fly strive against missions.
Thorough research of traits, careers, providers, funds. information at the booming Internet-based retailing company. Profiles of the best, fastest-growing shops of all kinds.
Worth and cost is an extract from the confident thought. It builds a framework for marketplace economics, for it is thru price and cost that the folks provide objective and objective to the creation approach. despite their motivation, even if fabric or excellent, noble or base, the humans pass judgement on items and prone based on suitability for the specified ambitions.
This publication has been written to fulfill the desires of the A-level economics candidate. even though unfastened status, it is going to be fairly necessary while used as a complement to the textual content Introductory Economics. It offers a short yet thorough assurance of the A-level syllabus and highlights the commonest error made by way of A-level applicants.
Extra resources for Economic Papers 1941–88
9. 10. 11. 12. 13. 4) respectively, are represented in Fig. 1. If C increases, the curve representing the marginal risk premium in the graph is shifted downwards, and it can be seen at a glance that this must lead to an increase in investment, provided that the above stability condition is fulfilled. I am indebted to Mr Kalecki for clarification of this point, as weIl as for many other suggestions. And subject to the stability condition mentioned in the preceding note. This conception of profit is the same as that evolved in broad outline by Mrs Robinson in An Essay on Marxian Economics, p.
5) In addition, Marshall's problem (that is, why large-scale economies do not lead to monopolistic domination) has been affected by developments already occurring in his own time, and intensified since. There is in fact a very great proportion of our present economic system which is already subject to monopolistic domination. For monopolistic domination in the market of a product to be achieved, it is not necessary that concentration should go so far as to combine the whole, or virtually the whole, output in one hand.
If we consider the economy as a whole, it is therefore likely that the growing big entrepreneurs will find opportunities for increased investment at a constant or even at an increasing rate of profit e. The differential advantage of the big entrepreneur will then at least remain constant, or even increase in the process of accumulation. The tendency towards 'relative concetttration' of capital is thus established, but will this at the same time also mean 'absolute concentration' of capital? It can be shown that this is the case, provided that certain assumptions about the development of the average rate of profit hold good.