Author: Michael HudsonPublisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 108
Book Description
A Financial Payments-flow Analysis of U.S. International Transactions, 1960-1968
Author: Michael HudsonPublisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 108
Book Description
The History and Future of Economics
Author: Robert U. AyresPublisher: Springer Nature
ISBN: 3031262085
Category : Business & Economics
Languages : en
Pages : 405
Book Description
The purpose of this book is three-fold. The first purpose is to posit that the fundamental substance of the universe is energy, and that energy is required (consumed) for any material transformation, or information transmission. The labor theory of value, articulated by the physiocrats and elaborated by Adam Smith, David Ricardo, J.B. Say and Karl Marx was a rough first approximation of the value creation process, in the 17th and 18th centuries, but is now obsolete. Labor is now (mostly) performed by machines, not by humans (or animals). The second aim of the book is to argue that the economy is a living (open) system -- an “island of order” –that exists far from both thermodynamic and economic equilibrium. Order is achieved by dissipating a flux of exergy. Economists frequently emphasize the equilibrium assumption, introduced originally by Leon Walras in 1854. But in reality, biological systems and human social systems are dissipative cycles, far from both thermodynamic equilibrium, and economic equilibrium, yet stable and capable of evolution, driven by the solar exergy flux. The third aim of the book is to re-emphasize, that – being open – the economic system cannot be regarded as a collection of individual competitive utility-maximizing transactions. There are, increasingly, important possibilities for cooperation instead of competition. Moreover third party effects, both “bads” (externalities) and the “public good” (happiness) – need to be incorporated into the socio-economic decision making process.
Catalog of Copyright Entries. Third Series
Author: Library of Congress. Copyright OfficePublisher: Copyright Office, Library of Congress
ISBN:
Category : Copyright
Languages : en
Pages : 1938
Book Description
The Bulletin
Author: New York University. Institute of FinancePublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 60
Book Description
Understanding the Balance of Payments
Author: John HeinPublisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 40
Book Description
Trade, Development, and Foreign Debt: International finance
Author: Michael HudsonPublisher: Pluto Press (UK)
ISBN:
Category : Business & Economics
Languages : en
Pages : 236
Book Description
An alternative history of the major theoretical concepts that have shaped international economics since mercantilist times. It shows that the policies of laissez-faire and free trade adopted by institutions such as the World Bank and the IMF have had a devastating effect on developing countries, leading to greater polarisation rather than to convergence. The author's analysis demonstrates the importance of debunking economic orthodoxy and reassessing instead the value of protectionist and structuralist approaches to trade and development.
Subject Catalog
Author: Library of CongressPublisher:
ISBN:
Category : Subject catalogs
Languages : en
Pages : 660
Book Description
Western European Policies Toward U.S. Investors
Author: Jean J. BoddewynPublisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 104
Book Description
Guide to Taxation, Public Finance, and Related Literature
Author: The Bulletin
Author: New York University. Center for the Study of Financial InstitutionsPublisher:
ISBN:
Category : Economics
Languages : en
Pages : 246
Book Description