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The political philosophy of pluralism enjoyed great currency in Britain during the early decades of the 20th century, as an alternative to the extreme poles of individualism and collectivism. Positing the existence of multiple types of political allegiances in any society, pluralism questioned...
Persistent link: https://www.econbiz.de/10012862521
Inclusivity is perhaps the single most important human need to facilitate and demonstrate fairness for all members in an open and free society. When this principle need is compromised by appearances of unscrupulous self-interested privileged elites to perpetuate a systemic widening disparity...
Persistent link: https://www.econbiz.de/10014175063
This paper offers an analysis and critique of the Green Industrial Revolution proposed by the Labour Party in 2019. It identifies this policy as a variant of the Keynesian Green New Deal, which has been interpreted favourably by many socialists as a programme for climate stabilisation and an...
Persistent link: https://www.econbiz.de/10012406276
The law of the tendential fall in the rate of profit has been at the center of theoretical and empirical debates within Marxian political economy ever since the publication of Volume III of Capital. An important limitation of this literature is the absence of a comprehensive econometric analysis...
Persistent link: https://www.econbiz.de/10003989584
Investment in capital, new technology, and agricultural techniques has not been considered an endeavor worthwhile in a medieval economy because of a lack of strong property rights and no incentive on the part of lords and barons to lend money to or grant rights to peasant farmers. Therefore, the...
Persistent link: https://www.econbiz.de/10013213590
This paper offers an analysis and critique of the Green Industrial Revolution proposed by the Labour Party in 2019. It identifies this policy as a variant of the Keynesian Green New Deal, which has been interpreted favourably by many socialists as a programme for climate stabilisation and an...
Persistent link: https://www.econbiz.de/10012404652
When it comes to the British Industrial Revolution of the 18th Century, much of the mainstream economics literature has tended to focus on how property rights, limitations on the crown or government, and changes in agricultural and manufacturing techniques have caused a great transformation in...
Persistent link: https://www.econbiz.de/10014242538
Joan Robinson had no idea about what Keynes was talking about in the General Theory with respect to (a) Keynes's Aggregate Supply Curve of Chapter 20,which is a locus of all possible, multiple equilibrium results (Full employment, underemployment, involuntary unemployment), his Liquidity...
Persistent link: https://www.econbiz.de/10012909585
Joan Robinson was a self admitted, mathematically illiterate economist who had no idea about what Keynes was doing or saying in the period 1930-1936. She relied completely for her understanding of economics on her very close, personal relationship with R. Kahn. Kahn would explain and develop the...
Persistent link: https://www.econbiz.de/10012944818