{"product_id":"capital-theory-and-political-economy-9781032006253","title":"Capital Theory and Political Economy","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eIn recent years, there have been a number of new developments in what came to be known as the Capital Theory Debates. The debates took place mainly during the 1960s as a result of Piero Sraffa''s critique of the neoclassical theory according to which the prices of factors of production directly depend on their relative scarcities. Sraffa showed that when income distribution changes, there are many complexities developed within the economic system impacting on prices in ways which are not possible to predict. These debates were revisited in the 1980s and again more recently, along with a parallel literature that has developed among neoclassical economists and has also looked at the impact of shocks on an economy.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eThis book summarizes the debates and issues around the theory of capital and brings to the fore the more recent developments. It also pinpoints the similarities and differences between the various approaches and critically evaluates them in light of a\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eList of Figures\u003c\/p\u003e\u003cp\u003eList of Tables\u003c\/p\u003e\u003cp\u003eList of Abbreviations\u003c\/p\u003e\u003cp\u003ePreface and Acknowledgements\u003c\/p\u003e\u003cp\u003eChapter 1: Preliminaries\u003c\/p\u003e\u003cp\u003eChapter 2: Theory of Capital in Historical Perspective\u003c\/p\u003e\u003cp\u003eChapter 3: Capital Theory Controversies\u003c\/p\u003e\u003cp\u003eChapter 4: Price Trajectories and the Rate of Profit\u003c\/p\u003e\u003cp\u003eChapter 5: Wage-Rate of Profit Curves and Technological Change\u003c\/p\u003e\u003cp\u003eChapter 6: Near Linearities of the Price- and Wage-Rates of Profit Curves and the Distribution of Eigenvalues\u003c\/p\u003e\u003cp\u003eChapter 7: A Simple but Realistic Linear Model of Production\u003c\/p\u003e\u003cp\u003eChapter 8: Summing-Up\u003c\/p\u003e\u003cp\u003eReferences\u003c\/p\u003e\u003cp\u003eIndex\u003c\/p\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":51018785489239,"sku":"9781032006253","price":37.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781032006253.jpg?v=1750778147","url":"https:\/\/bookcurl.com\/products\/capital-theory-and-political-economy-9781032006253","provider":"Book Curl","version":"1.0","type":"link"}