Capitalism : competition, conflict, crises /
Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality its...
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| Format: | Book |
| Language: | English |
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New York :
Oxford University Press,
[2016].
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Table of Contents:
- Pt. I. Foundations of the analysis. Introduction ; Turbulent trends and hidden structures ; Micro foundations and macro patterns ; Production and costs ; Exchange, money, and price ; Capital and profit
- pt. II. Real competition. The theory of real competition ; Debates on perfect and imperfect competition ; Competition and inter-industrial relative prices ; Competition, finance, and interest rates ; International competition and the theory of exchange rates
- pt. III. Turbulent macro dynamics. The rise and fall of modern macroeconomics ; Classical macro dynamics ; The theory of wages and unemployment ; Modern money and inflation ; Growth, profitability, and recurrent crises ; Summary and conclusions.