| Description |
1 online resource (426 pages) |
| Series |
Routledge frontiers of political economy |
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Routledge frontiers of political economy.
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| Contents |
Cover -- Social Fairness and Economics -- Title Page -- Copyright Page -- Table of Contents -- List of figures -- List of tables -- List of contributors -- Introduction -- Personal remarks: Festschrift conference, April 21, 2012 -- PART I Socio-economic ideology and methodology -- 1 Keynes and Marx, Duncan and me -- 2 The sophisticated Legislator meets Adam's fallacy: a cultural-institutional market failure -- 3 The complex evolution of Duncan K. Foley as a complexity economist -- 4 Applications of statistical mechanics to economics: entropic origin of the probability distributions of money, income, and energy consumption -- PART II Neoclassical economics: dispersed and decentralized exchange -- 5 Class in catallaxy -- 6 Positional goods, climate change and the social returns to investment -- 7 Markets with Black Swans -- 8 Equilibrium vs. market efficiency -- 9 Foley's Thesis, Negishi's method, existence proofs and computation -- PART III Classical political economy: growth and distribution -- 10 Rate of profit and crisis in the US economy: a class perspective -- 11 The sources of profitability -- 12 On the "vexata questio of value": Ricardo, Marx and Sraffa -- 13 Duncan Foley's circuit of capital model for an open economy -- 14 Production, circuits of capital, and flows and stocks in national accounts -- 15 Endogenous technological change in Classical-Marxian models of growth and distribution -- 16 Macroeconomics of Keynesian and Marxian inspirations: toward a synthesis -- 17 A model of fiscal and monetary policy -- 18 Consequences of downsizing in U.S. manufacturing, 1967 to 1997 -- PART IV Complexity: barriers and bounds to rationality -- 19 Market ecology and the economics of crisis -- 20 Market complexity and the nature of crises in financial markets -- 21 The inherent hierarchy of money -- Index |
| Summary |
This volume brings together papers inspired by the work of Duncan Foley, an extraordinarily productive economist who has made seminal contributions to a wide variety of areas. Foley's work cannot be easily classified, but one thread that runs through it is a critical examination (along both ethical and analytical lines) of conventional neoclassical economic theory, particularly involving general equilibrium theories of value and money. Foley was a pioneer of complexity economics as well, which adopts approaches to these questions drawn from natural sciences, so the collection therefore has |
| Notes |
Print version record |
| Subject |
Foley, Duncan K
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Foley, Duncan K. |
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Economics -- Moral and ethical aspects
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Equilibrium (Economics)
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BUSINESS & ECONOMICS -- Economics -- Theory.
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Economics -- Moral and ethical aspects
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Equilibrium (Economics)
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| Form |
Electronic book
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| Author |
Taylor, Lance, 1940-
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Rezai, Armon.
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Michl, Thomas R.
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| ISBN |
9781136270888 |
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1136270884 |
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