Economic growth and long cycles : a classical political economy approach

"Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of t...

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Bibliographic Details
Other Authors: Chatzarakis, Nikolaos, (Editor), Tsaliki, Persefoni V., (Editor), Tsoulfidis, Lefteris, (Editor)
Format: eBook
Language: English
Published: Abingdon, Oxon ; New York, NY : Routledge, 2024.
Series: Routledge frontiers of political economy
Subjects:
Economic development.
Business cycles.
Classical school of economics.
elektronické knihy
electronic books
ISBN: 9781003432654
1003432654
9781040031018
1040031013
9781040031070
1040031072
9781032558677
9781032558684
Physical Description: 1 online resource.

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Table of contents

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020 |a 1003432654 
020 |a 9781040031018  |q (electronic bk. : PDF) 
020 |a 1040031013  |q (electronic bk. : PDF) 
020 |a 9781040031070  |q (electronic bk. : EPUB) 
020 |a 1040031072  |q (electronic bk. : EPUB) 
020 |z 9781032558677  |q (hardcover) 
020 |z 9781032558684  |q (paperback) 
024 7 |a 10.4324/9781003432654  |2 doi 
035 |a (OCoLC)1416701259 
035 |a (OCoLC-P)1416701259 
245 0 0 |a Economic growth and long cycles :  |b a classical political economy approach /  |c edited by Nikolaos Chatzarakis, Persefoni Tsaliki and Lefteris Tsoulfidis. 
264 1 |a Abingdon, Oxon ;  |a New York, NY :  |b Routledge,  |c 2024. 
300 |a 1 online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 0 |a Routledge frontiers of political economy 
520 |a "Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of the modern economy. The book shows that the work of the old Classical economists (Smith and Ricardo) and Marx is theoretically sound and capable of providing answers to both growth and cycles. It also demonstrates the potential and natural integration of growth and cycles in a single model. The microeconomic foundation of this model is the labour theory of value, which continues with the General Law of Capital Accumulation, the Law of the Falling Rate of Profit, and the movement of the Industrial Reserve Army of labour. Finally, a dynamic model of growth-cum-cycles is constructed consisting of the evolution and interaction of five key variables, namely, the rate of profit, the propensity to invest in fixed capital, technological change, the reserve army of labour, and the rate of capital devaluation. The analysis demonstrates that economic growth and cycles are not disconnected from each other, as they have been treated in the literature, but rather interdependent aspects of the same evolutionary process of a capitalist economy. This book will interest readers in history of economic thought, economic growth and development, macroeconomics and political economy"--  |c Provided by publisher. 
588 |a OCLC-licensed vendor bibliographic record. 
650 0 |a Economic development. 
650 0 |a Business cycles. 
650 0 |a Classical school of economics. 
655 7 |a elektronické knihy  |7 fd186907  |2 czenas 
655 9 |a electronic books  |2 eczenas 
700 1 |a Chatzarakis, Nikolaos,  |e editor. 
700 1 |a Tsaliki, Persefoni V.,  |e editor. 
700 1 |a Tsoulfidis, Lefteris,  |e editor. 
856 4 0 |u https://proxy.k.utb.cz/login?url=https://www.taylorfrancis.com/books/9781003432654  |y Full text 

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