[PDF] Labor Capital And Money eBook

Author : Ronald I. McKinnon
Publisher : Brookings Institution Press
Page : 204 pages
File Size : 36,61 MB
Release : 2010-12-01
Category : Business & Economics
ISBN : 9780815718499

GET BOOK

This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Author : Cyrus C. Camp
Publisher : Forgotten Books
Page : 260 pages
File Size : 49,48 MB
Release : 2015-06-12
Category : Business & Economics
ISBN : 9781330051184

GET BOOK

Excerpt from Labor, Capital and Money: Their Just Relations This work is the outgrowth of a presentiment of the coming of the industrial struggle which now forces itself upon the attention of society. For years there has grown upon me the conviction that an unseen evil influence was gathering a pressure and power, which, sweeping in a great cycle, would sooner or later engulf civilization, unless discovered and eradicated. I determined to sift political economy to the bottom in order to aid, if possible, in the accomplishment of this object. In this investigation I found radical errors in the groundwork, and from thence pervading every part of political science, as previously promulgated. By correcting these errors I have laid up one stone of truth upon another, not heeding where the truth might lead, until in a complete explanation of existing conditions it is presented to the reader. The result is as much a surprise to me as it can be to any other person. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author : Fred Moseley
Publisher : BRILL
Page : 433 pages
File Size : 21,46 MB
Release : 2015-09-29
Category : Political Science
ISBN : 9004301933

GET BOOK

This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital, based on substantial textual evidence, which emphasises two main points: (1) Marx’s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx’s theory is a monetary theory from beginning to end and the circuit of money capital – M - C - M’ – is the logical framework of Marx’s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory; i.e., Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.

Author : Cyrus C. Camp
Publisher : Wentworth Press
Page : 270 pages
File Size : 31,75 MB
Release : 2016-08-29
Category : History
ISBN : 9781374295643

GET BOOK

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author : Daniel Markovits
Publisher : Penguin
Page : 450 pages
File Size : 12,88 MB
Release : 2020-09-08
Category : Social Science
ISBN : 0735222010

GET BOOK

A revolutionary new argument from eminent Yale Law professor Daniel Markovits attacking the false promise of meritocracy It is an axiom of American life that advantage should be earned through ability and effort. Even as the country divides itself at every turn, the meritocratic ideal – that social and economic rewards should follow achievement rather than breeding – reigns supreme. Both Democrats and Republicans insistently repeat meritocratic notions. Meritocracy cuts to the heart of who we are. It sustains the American dream. But what if, both up and down the social ladder, meritocracy is a sham? Today, meritocracy has become exactly what it was conceived to resist: a mechanism for the concentration and dynastic transmission of wealth and privilege across generations. Upward mobility has become a fantasy, and the embattled middle classes are now more likely to sink into the working poor than to rise into the professional elite. At the same time, meritocracy now ensnares even those who manage to claw their way to the top, requiring rich adults to work with crushing intensity, exploiting their expensive educations in order to extract a return. All this is not the result of deviations or retreats from meritocracy but rather stems directly from meritocracy’s successes. This is the radical argument that Daniel Markovits prosecutes with rare force. Markovits is well placed to expose the sham of meritocracy. Having spent his life at elite universities, he knows from the inside the corrosive system we are trapped within. Markovits also knows that, if we understand that meritocratic inequality produces near-universal harm, we can cure it. When The Meritocracy Trap reveals the inner workings of the meritocratic machine, it also illuminates the first steps outward, towards a new world that might once again afford dignity and prosperity to the American people.

Author : Pat Walker
Publisher : South End Press
Page : 374 pages
File Size : 15,21 MB
Release : 1979
Category : Political Science
ISBN : 9780896080379

GET BOOK

The lead essay by Barbara and John Ehrenreich opens the debate about the nature of the "middle class." Do those who work between labor and capital constitute a third class, or will different sectors tend to ally with either the working class or the capitalist class, or is a whole new conception of the dynamics of social change necessary?