Capitalism
Competition, Conflict, Crises
Bibliographic Data
| ID | 23398306 |
|---|---|
| Authors | Anwar Shaikh (0000-0001-7225-1712, corresponding author) |
| Year | 2016 |
| Pages | 979 |
| Publication date | 2016-03-01 |
| Open Access | No |
| Type | BOOK |
| Venue | Capitalism (SOURCE_BOOK) |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/acprof:oso/9780199390632.001.0001 |
| OpenAlex | W4234765103 |
| Open Library | OL27227613M |
| ISBN | 9780199390632 |
| Language | EN |
| Citations received | 202 |
"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 itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text."--Book jacket.
Boom · Capitalism · Economics · Effective demand · Inflation (cosmology) · Keynesian economics · Macroeconomics · Neoclassical economics · Politics · Post-Keynesian economics · Profit (economics) · Profit rate · Rate of profit · Rational expectations · Unemployment · Economic Theory and Policy · Competition
Marx’s Law of the Tendency of the Profit Rate to Fall
Ecologically unequal exchange, imperialism, and value theory
Who governs industrial policy? State–labor relations in the closure and reindustrialisation of an automotive factory
The Political Economy of Modern Monetary Theory
What remains of the Cambridge critique of capital theory, if reswitching and reverse capital deepening are empirically rare and theoretically unlikely?
Crecimiento inclusivo
Labour and Value
Money, Markets, and Monarchies
Towards (de-)financialisation
The transformation of values into prices on the basis of random systems revisited
Quantitative Empirical Research in Marxist Political Economy
Inter-industry wage inequality
A critique of Shaikh’s two interpretations of Marx’s ‘transformation problem’
The political economy of state regulation
Value, Price, and Exploitation
Production of commodities by means of commodities and non‐uniform rates of profits
Rentiership and intellectual monopoly in contemporary capitalism
Capital Theory and Effective Demand
Marx, Sraffa and Classical Price Theory
Some Recent Developments in the Explanation of the Empirical Relationship Between Prices and Distribution
Classical Theory of Investment
Less Is More
Distributive cycles in the export-led growth model
Caught in the coop
Building blocks for the macroeconomics and political economy of housing
Reductions in the Working Week
Neo-chartalist or Marxist Vision of the Modern Money? Critical Comparison
The Political Economy of Essence of Money and Recent Development
Competition and Distribution of Profit Rates in Colombia
Knowledge-Intensive Commodities and the Political Economy of Knowledge Production
Analysis of the Tendency of Profit Rate to Fall and Countertendencies
Poverty and Free Trade
Economic Long Waves and Long Waves of Strikes in South Africa (1886–2022)
John Stuart Mill, Virtues and the Laboring Classes, with Notes on McCloskey
Digitalization, Industry Concentration, and Productivity in Germany
Time Scales of the Low-Carbon Transition
Overcoming Absolute and Comparative Advantage
The Demystification of David Ricardo’s Famous Four Numbers
‘On the Side of the Bourgeoisie’
Response to Moseley
Uneven Development, Choice of Technique, and Generalized Worldwide Law of Value
Theory and Practice of Crisis in Political Economy
Monopoly or Competition? Unraveling the Amazon Paradox
Making the Case for Equitable Growth
Harrodian Instability
Economic Growth and the Rate of Profit in Colombia 1967–2019
The Great Divide in the Theory of Crisis. A Critical Survey of Accounts of the Spanish Great Recession
A Note on Relative Prices and Income Distribution over the US Business Cycle
The Impact of Rent from Unequal Exchange on Shaikh’s Classical-Keynesian Political Economic Analysis
Gender Wage Gap, Wage-Productivity Decoupling, and the Rate of Profit
Knife-Edge Instability and the Rate of Surplus Value
Confronting Mises in a Warming World
Capital, the State, and Economic Policy
A Discussion of Marx’s Account of Technical Progress by Means of Wage Curves and Their Historical Evolution
Rate of Profit in the United States and in China (2007–2014)
A Model of Economic Growth and Long Cycles
Intellectual Monopoly and Income Inequality in the United States, 1948–2021
Decomposition and Dynamics of Unit Labor Costs in a Context of International Fragmentation of Production
Complementary Applications of the Conservation Principle
From Individual Wage to Household’s Labor Income
The Long Expansion and the Profit Squeeze
The Rate of Surplus Value in Brazil, 1996–2016
A Contemporary Marxist Critique of Neoliberal Capitalism
Peer Review and Natural-Like Social Relations of Production in Academia
Putting labour values to work
“Why?”
Labour and the contradictory logic of logistics
Further reflections on theory as time travel
The labor theory of value in the era of artificial intelligence and digital platforms
The common-seekers
Modern monetary theory on money, sovereignty, and policy
World inequality, Latin America catching up, and the asymmetries in power
Challenging (mis)understandings of labour productivity for levelling-up
Neither Brexit nor remain
The Abyss of Right
Capitalist urbanization in the post-neoliberal and de-globalizing world economy
Fictions of the market
Capital switching, economic crisis, and land rent
Public housing, intersectoral competition, and urban ground rent
Searching for “Solutions” to Crisis
Military spending and economic development
Spanish Fake Sovereignty
Prices, values, and good
Capitalism, climate catastrophe and commoning
Repurposing the university in the 21st century
The Transition to Capital in Marx’s Critique of Political Economy
The Use and Misuse of Uneven and Combined Development
Notes For a Discussion on Unequal Exchange and the Marxist Theory of Dependency
Canadian Banking Stability through the Global Financial Crisis of 2007–8
Development for whom? Beyond the developed/underdeveloped dichotomy
A Cosmopolitan Reading of Modern Monetary Theory
China’s central bank digital currency (CBDC)
Fossilised Capital
China's rise and the United States’ response
China's rise and the United States’ response
Okun vs. Verdoorn
Misinformation, economic threat and public support for international trade
Of economic whips and political necessities
Cultural value as meaning-making
Shaikh’s Theory of Inflation
| Unique citing works | 202 |
|---|---|
| Citations per year | 20,2 |
| Citation span | 2016 - 2026 (11) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 197 |