Andrew B Trigg
Biographic Data
| ID | 306506 |
|---|---|
| NAME | Andrew B Trigg |
| GIVEN NAMES | Andrew B |
| FAMILY NAME | Trigg |
| SIGNATURE | TRIGG A B |
| AFFILIATIONS | The Open University |
| ORCID | 0000-0001-8333-5129 |
| VERIFIED | Yes |
| TOTAL WORKS | 12 |
| TOTAL CITATIONS | 88 |
| AUTHOR COUNT | 12 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1987 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 2 |
Reconstructing Marx’s Theory of Credit and Payment Crises under Simple Circulation
There is general agreement amongst scholars of Marx that his monetary theory is incomplete, especially in his most detailed writings on credit in the third volume of Capital . Moreover, in these unfinished notes Marx takes sides with the banking school approach, notable for its opacity compared to the clear axioms of its currency school counterpart. A reconstruction is proposed based on Marx’s step-by-step method, commencing with a critique of Sa…
Marx, Say’s Law and Commodity Money
Under Marx’s critique of Say’s Law, as originally devised by Say and James Mill, money hoarding leads to a shortfall in aggregate demand. This paper responds to a Post Keynesian argument that hoarding does not restrict aggregate demand since for Marx money consists of a produced commodity, and hoarding is just one form of commodity demand. Drawing on Marx’s monetary writings, a new monetary equilibrium is suggested in which produced gold is used …
Comparing Pension Systems in the Circular Flow of Income: Comparing Pension Systems in the Circular Flow of Income
The neoliberal consensus is that state funded pensions are not sustainable in the long term, due to declining fertility and longevity. In response, policymakers have pointed to the advantages of privately funded pension systems. This article compares the social provisioning of these two systems using the circular flow of income as an organizing framework. A series of pitfalls in the private model are examined, including inequality of provision, m…
Social Norms, Cognitive Dissonance and Broadcasting: How to Influence Economic Agents
Marxian Reproduction Schema: Money and Aggregate Demand in a Capitalist Economy
In 1878 Karl Marx developed the reproduction schema: his model of how total capital is produced and reproduced. This is thought to be the first two-sector economic model ever constructed. Two key aspects of Marx’s writings are widely agreed to be undeveloped: The role of aggregate demand and the role of money. This book synthesizes various strands of economic thought to enable the reader to understand and clarify the structure of the reproduction…
Kalecki and Grossmann: Reply
Pasinetti, Keynes and the multiplier
This paper explores the relationship between the Keynesian multiplier and Pasinetti's model of pure production. Key assumptions of Pasinetti's model are its multisectoral structure, the definition of all income as a reward to labouring activities and, as a consequence, the operation of a pure labour theory of value. A translation between these models is effected by introducing investment as an exogenous determinant. By drawing from Keynes to appl…
Kalecki and the Grossmann Model of Economic Breakdown
Henryk Grossmann radically changed the course of Marxist economics with his 1929 adaptation of Marx's law of the falling rate of profit. By a simple extension of Otto Bauer's simulation of Marx's reproduction schema, Grossmann demonstrates that accumulation leads to a shrinking pool of surplus value and eventual economic breakdown. It can, however, be argued that once the role of money is taken seriously in Marx's reproduction schema it is no lon…
Deriving the Engel Curve: Pierre Bourdieu and the Social Critique of Maslow's Hierarchy of Needs
In Post Keynesian Economics, theorists have sought an alternative to neoclassical choice theory by turning to Maslow's hierarchy of needs (Pasinetti 1981, Lavoie 1992). Instead of each individual surveying a complete choice set, individuals prioritize (basic) physiological needs, moving with increasing incomes to satisfy safety and social needs, through to the higher needs associated with self-actualization. This framework provides a theoretical …
Veblen, Bourdieu, and Conspicuous Consumption
Written just one hundred years ago, Thorstein Veblen's Theory of the Leisure Class ([1899] 1994) still represents a powerful critique of the neoclassical theory of consumption. In contrast to the individual's static maximization of utility according to exogenous preferences, as posited by the neoclassical approach, Veblen develops an evolutionary framework in which preferences are determined socially in relation to the positions of individuals in…
Social and Demographic Accounting
This book provides an account of developments and applications of social accounts. It concentrates particularly on the methods of social accounting that Richard Stone, Nobel Laureate in Economics, developed and applied during his long and distinguished career. The contributors to the volume examine applications of social accounts in economics and demography, addressing issues of new formulations and specifications at the national and regional lev…
The Spatial and Distributional Impacts of Public Expenditure Programmes: A Social Accounts Approach
Veblen, Bourdieu, and Conspicuous Consumption
Written just one hundred years ago, Thorstein Veblen's Theory of the Leisure Class ([1899] 1994) still represents a powerful critique of the neoclassical theory of consumption. In contrast to the individual's static maximization of utility according to exogenous preferences, as posited by the neoclassical approach, Veblen develops an evolutionary framework in which preferences are determined socially in relation to the positions of individuals in…
Marx, Say’s Law and Commodity Money
Under Marx’s critique of Say’s Law, as originally devised by Say and James Mill, money hoarding leads to a shortfall in aggregate demand. This paper responds to a Post Keynesian argument that hoarding does not restrict aggregate demand since for Marx money consists of a produced commodity, and hoarding is just one form of commodity demand. Drawing on Marx’s monetary writings, a new monetary equilibrium is suggested in which produced gold is used …
Kalecki and the Grossmann Model of Economic Breakdown
Henryk Grossmann radically changed the course of Marxist economics with his 1929 adaptation of Marx's law of the falling rate of profit. By a simple extension of Otto Bauer's simulation of Marx's reproduction schema, Grossmann demonstrates that accumulation leads to a shrinking pool of surplus value and eventual economic breakdown. It can, however, be argued that once the role of money is taken seriously in Marx's reproduction schema it is no lon…
Deriving the Engel Curve: Pierre Bourdieu and the Social Critique of Maslow's Hierarchy of Needs
In Post Keynesian Economics, theorists have sought an alternative to neoclassical choice theory by turning to Maslow's hierarchy of needs (Pasinetti 1981, Lavoie 1992). Instead of each individual surveying a complete choice set, individuals prioritize (basic) physiological needs, moving with increasing incomes to satisfy safety and social needs, through to the higher needs associated with self-actualization. This framework provides a theoretical …
The Spatial and Distributional Impacts of Public Expenditure Programmes: A Social Accounts Approach
The Spatial and Distributional Impacts of Public Expenditure Programmes: A Social Accounts Approach
Social and Demographic Accounting
This book provides an account of developments and applications of social accounts. It concentrates particularly on the methods of social accounting that Richard Stone, Nobel Laureate in Economics, developed and applied during his long and distinguished career. The contributors to the volume examine applications of social accounts in economics and demography, addressing issues of new formulations and specifications at the national and regional lev…
Veblen, Bourdieu, and Conspicuous Consumption
Written just one hundred years ago, Thorstein Veblen's Theory of the Leisure Class ([1899] 1994) still represents a powerful critique of the neoclassical theory of consumption. In contrast to the individual's static maximization of utility according to exogenous preferences, as posited by the neoclassical approach, Veblen develops an evolutionary framework in which preferences are determined socially in relation to the positions of individuals in…
Kalecki and the Grossmann Model of Economic Breakdown
Henryk Grossmann radically changed the course of Marxist economics with his 1929 adaptation of Marx's law of the falling rate of profit. By a simple extension of Otto Bauer's simulation of Marx's reproduction schema, Grossmann demonstrates that accumulation leads to a shrinking pool of surplus value and eventual economic breakdown. It can, however, be argued that once the role of money is taken seriously in Marx's reproduction schema it is no lon…
Deriving the Engel Curve: Pierre Bourdieu and the Social Critique of Maslow's Hierarchy of Needs
In Post Keynesian Economics, theorists have sought an alternative to neoclassical choice theory by turning to Maslow's hierarchy of needs (Pasinetti 1981, Lavoie 1992). Instead of each individual surveying a complete choice set, individuals prioritize (basic) physiological needs, moving with increasing incomes to satisfy safety and social needs, through to the higher needs associated with self-actualization. This framework provides a theoretical …
Pasinetti, Keynes and the multiplier
This paper explores the relationship between the Keynesian multiplier and Pasinetti's model of pure production. Key assumptions of Pasinetti's model are its multisectoral structure, the definition of all income as a reward to labouring activities and, as a consequence, the operation of a pure labour theory of value. A translation between these models is effected by introducing investment as an exogenous determinant. By drawing from Keynes to appl…
Marxian Reproduction Schema: Money and Aggregate Demand in a Capitalist Economy
In 1878 Karl Marx developed the reproduction schema: his model of how total capital is produced and reproduced. This is thought to be the first two-sector economic model ever constructed. Two key aspects of Marx’s writings are widely agreed to be undeveloped: The role of aggregate demand and the role of money. This book synthesizes various strands of economic thought to enable the reader to understand and clarify the structure of the reproduction…
Kalecki and Grossmann: Reply
Social Norms, Cognitive Dissonance and Broadcasting: How to Influence Economic Agents
Comparing Pension Systems in the Circular Flow of Income: Comparing Pension Systems in the Circular Flow of Income
The neoliberal consensus is that state funded pensions are not sustainable in the long term, due to declining fertility and longevity. In response, policymakers have pointed to the advantages of privately funded pension systems. This article compares the social provisioning of these two systems using the circular flow of income as an organizing framework. A series of pitfalls in the private model are examined, including inequality of provision, m…
Marx, Say’s Law and Commodity Money
Under Marx’s critique of Say’s Law, as originally devised by Say and James Mill, money hoarding leads to a shortfall in aggregate demand. This paper responds to a Post Keynesian argument that hoarding does not restrict aggregate demand since for Marx money consists of a produced commodity, and hoarding is just one form of commodity demand. Drawing on Marx’s monetary writings, a new monetary equilibrium is suggested in which produced gold is used …
Reconstructing Marx’s Theory of Credit and Payment Crises under Simple Circulation
There is general agreement amongst scholars of Marx that his monetary theory is incomplete, especially in his most detailed writings on credit in the third volume of Capital . Moreover, in these unfinished notes Marx takes sides with the banking school approach, notable for its opacity compared to the clear axioms of its currency school counterpart. A reconstruction is proposed based on Marx’s step-by-step method, commencing with a critique of Sa…
Economics (9 works) · Computer Science (5 works) · Economic Theory and Policy (5 works) · Neoclassical economics (5 works) · Political Economy and Marxism (5 works) · Sociology (4 works) · Economic Theory and Institutions (3 works) · Finance (3 works) · Keynesian economics (3 works) · Macroeconomics (3 works)