In this important book, Gerard Dumenil and Dominique Levy assess the impact of the profit rate on modern economies, its role in the allocation of resources among industries, its influence on business fluctuations, and its relation to accumulation, technological change and wages.
The Economics of the Profit Rate presents a broad synthesis of recent work and builds on classical theory, using the tools of modern economics, to suggest alternative approaches to conventional microeconomics and macroeconomics. In sharp contrast to the general equilibrium theory, the emphasis is placed on dynamics and the reaction of individual agents to disequilibrium. This impressive book includes an assessment of the history of the US economy in which theoretical and empirical analyses are consistently combined.
| ISBN: | 9781852787608 |
| Publication date: | 1st January 1993 |
| Author: | Gérard Duménil, Dominique Lévy |
| Publisher: | Edward Elgar Publishing |
| Format: | Hardback |
| Pagination: | 390 pages |
| Series: | New Directions in Modern Economics Series |
| Genres: |
Labour / income economics Microeconomics |
In this important book, Gerard Dumenil and Dominique Levy assess the impact of the profit rate on modern economies, its role in the allocation of resources among industries, its influence on business fluctuations, and its relation to accumulation, technological change and wages.The Economics of the Profit Rate presents a broad synthesis of recent work and builds on classical theory, using the tools of modern economics, to suggest alternative approaches to conventional microeconomics and macroeconomics. In sharp contrast to the general equilibrium theory, the emphasis is placed on dynamics and the reaction of individual agents to disequilibrium.
The Economics of the Profit Rate features in the following genres: Labour / income economics, Microeconomics
Hardback. Not Available.
The Economics of the Profit Rate was written by Gérard Duménil, Dominique Lévy and published by Edward Elgar Publishing
The Economics of the Profit Rate has 390 pages
Yes it is part of New Directions in Modern Economics Series series