£120.00

Routledge Capital Theory and Political Economy - Academic Book

Name: Routledge Capital Theory and Political Economy - Academic Book
Brand: Routledge
Price: 120.0 GBP
Availability: InStock

Business & Economic History

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Description

Explore the complexities of economic systems with Capital Theory and Political Economy: Prices, Income Distribution and Stability. Part of the Routledge Frontiers of Political Economy series, this text examines the significant developments within the Capital Theory Debates. This work addresses the fundamental critiques of neoclassical theory, specifically focusing on the impact of Piero Sraffa's findings. While traditional theories suggest that prices of production factors depend on relative scarcities, Sraffa demonstrated that changes in income distribution create complex shifts within the economic system. These shifts impact prices in ways that defy simple prediction. Originally arising from debates in the 1960s, these economic concepts were revisited in the 1980s and continue to be relevant in modern economic discourse. This book provides a deep look into how income distribution and stability function within political economy, making it an essential resource for those studying business and economic history.

Key Features

Examines the historical Capital Theory Debates that emerged during the 1960s and their subsequent revisitations in the 1980s.

Analyzes Piero Sraffa's critique of neoclassical theory regarding how factor prices relate to scarcity.

Provides insight into how changes in income distribution create unpredictable impacts on prices within an economic system.

Part of the recognized Routledge Frontiers of Political Economy series for academic study.

Focuses on the relationship between prices, income distribution, and economic stability.

Product Specifications

Brand: Routledge
Format: hardcover
ASIN: 0815375654
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 31 May 2021
Listed Since: 01 December 2020

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Routledge Capital Theory and Political Economy - Academic Book

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