{"product_id":"the-theory-of-value-capital-and-interest-a-new-approach-9781858980553","title":"THE THEORY OF VALUE, CAPITAL AND INTEREST: A New","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn \u003ci\u003eThe Theory of Value, Capital and Interest\u003c\/i\u003e Branko Horvat puts forward a new economic theory, relevant to real-world economics.  This radical and innovative book deals with the economy as a system which includes producers, consumers and a social regulating agency, rather than simply as an aggregate of individuals.\u003cp\u003eBeginning with an essay on economic methodology which analyses the underpinnings of neoclassical economics, the author presents a two-sector canonical model which is used to establish equilibrium prices and quantities in a stationary and growing economy.  This thesis distinguishes two sources of growth - expansion of the labour force and technological progress - and also discusses criteria for investment.  Later chapters extend Professor Horvat's model to include joint production and rent, and present a general case which allows for many consumer and producer goods.  \u003c\/p\u003e\u003cp\u003eBy introducing a new economic paradigm - and in so doing offering a solution to the long-standing labour theory of value controversy - this book makes a series of important innovations and will be welcomed as a major contribution by neo-Ricardians, Marxists, post Keynesians and critical neoclassicals.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003ci\u003e'The book offers a solution to the long-standing labour theory of value controversy and will provoke much discussion.'\u003c\/i\u003e -- Aslib Book Guide'. . . this book represents a step toward a better understanding of economic phenomena.'– Mario Amendola, Journal of Evolutionary Economics\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eContents:  Preface  Part I:  Introduction Part II:  Changing Economy: The Growth or Decline of Labour Force Part III:  Changing Economy: Technological Progress  Part IV:  The Choice of Techniques  Part V:  Extensions  Part VI:  Generalizations  Notes  References  Indexes","brand":"Edward Elgar Publishing Ltd","offers":[{"title":"Default Title","offer_id":49414042616151,"sku":"9781858980553","price":115.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781858980553.jpg?v=1730522256","url":"https:\/\/bookcurl.com\/products\/the-theory-of-value-capital-and-interest-a-new-approach-9781858980553","provider":"Book Curl","version":"1.0","type":"link"}