Allin Cottrell
Biographic Data
| ID | 3673706 |
|---|---|
| NAME | Allin Cottrell |
| GIVEN NAMES | Allin |
| FAMILY NAME | Cottrell |
| SIGNATURE | COTTRELL A |
| AFFILIATIONS | Wake Forest University |
| VERIFIED | No |
| TOTAL WORKS | 28 |
| TOTAL CITATIONS | 54 |
| AUTHOR COUNT | 28 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1981 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 4 |
Social Classes in Marxist Theory
Question 3: Incentives and Consciousness
If socialist society is not constructed out of pre-existing socialist individuals, then how does it handle the historical limitations inherited from pre-socialist conditions? What is the best way to advance beyond the limitations of short-term and irresponsible anti-social self-interest? What is the nature of the individual-social relationship
Question 4: Stages and Productive Forces
Does socialism progress through stages? Is there a higher, or communist, stage? How can stages, as a manifestation of the objectivity of social evolution, be reconciled with the marshaling of will and consciousness necessary for building socialist society? What role does (or should) development of the productive forces play in a) socialist social evolution; b) socialist theory? How does socialism envision the evolution of democracy? the state
Question 5: Social and Long-Term Planning
What does socialism contribute to social planning, in the sense of shaping the social and physical environment over the long term (as distinct from the ever-present matter of short-term coordination of activities)? Can it incorporate genuine entre-preneurialism and/or inventiveness? What are the prospects for growth, and how will socialist growth differ from capitalist growth? How can/must socialism build into its core processes the transcendence…
Question 1: Why Socialism
What is the ultimate grounding and historical justification for projecting a socialist society? Broadly conceptualized, what do socialists want? What are the defining qualities of socialism, and how do those qualities constitute a decisive advance over capitalism and class-antagonistic societies in general
Question 2: Feasibility and Coordination
What are the distinctive features of a socialist organization of production, distribution, consumption? How are complex choices made, and highly variegated individual needs and interests reconciled? What should be the balance among: market, central plan, iterative coordination, negotiated coordination
The Relation between Economic and Political Instances in the Communist Mode of Production
A NYONE PROMOTING COMMUNISM in the current centurymust come to terms with the key historical event of the sec-ond half of the last, the demise of the Soviet system. Whether or not we describe ourselves as acommunist,o if our proposals in-volve the expropriation of the capitalist class and the institution of a form of social economy driven by the interests of the associated
Does Marx Need to Transform?
Almost all of the voluminous literature on the Marxian ‘transformation problem’ is predicated on the assumption that, whether or not he succeeded, what Marx was trying to do in part 2, volume III of Capital — namely to derive a set of prices consistent with the equalisation of the rate of profit across all capitals — was correct. Those neo-Ricardians who argue that there is really no transformation problem as such (on the ground that labour value…
Realism, Regularities, and Prediction
Problems are identified with the transcendental argument that Lawson uses to make a case for realism in economics: this argument relies heavily upon an unproblematized conception of Free Will. Lawson's substantive conclusions are not vitiated, but the argument presented here suggests that he underestimates the role of regularities and prediction in economics
Value, Markets and Socialism
The labor theory of value provides both a moral and a conceptual foundation for an equitable and efficient socialism. Given modern information technology, a system of planning can work. Markets in consumer goods are required, but not markets for the means of production. We advocate a system of payment in labor-tokens, and argue for its superiority over the wages system in terms of both equity and economic efficiency
A Reply to Maniatis
Austrian Economics in America: The Migration of a Tradition
Other| March 01 1996 Austrian Economics in America: The Migration of a Tradition Karen I. Vaughn. Cambridge: Cambridge University Press, 1994. 198 pp. $49.95. Allin F. Cottrell Allin F. Cottrell Search for other works by this author on: This Site Google History of Political Economy (1996) 28 (1): 128–131. https://doi.org/10.1215/00182702-28-1-128 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Allin F. Cottrell; Austrian …
Testing Marx: Some new results from UK data
Analysing UK economic data over an extended historical timespan, from the mid-nineteenth to the late twentieth centuries, the authors use 'quantitative' or 'empirical' Marxist techniques to test key Marxian theses and categories. They argue that Marxian economics has nothing to fear from a confrontation with empirical data
Keynes and the Keynesians on the Fisher Effect
This paper examines the treatment of the Fisher effect in Keynes's General Theory and in various Keynesian and post-Keynesian writings. It is argued that Keynes was not entirely fair to Irving Fisher but, nonetheless, that the General Theory provides the basis for a critique of Fisher's argument. Models due to R. A. Mundell and T. Sargent are analyzed, clarified, and used to identify the basis for a Keynesian rationalization of a lagged and parti…
Keynes's Appendix to Chapter 19: A Reader's Guide
Research Article| November 01 1994 Keynes's Appendix to Chapter 19: A Reader's Guide Allin Cottrell Allin Cottrell Search for other works by this author on: This Site Google History of Political Economy (1994) 26 (4): 681–695. https://doi.org/10.1215/00182702-26-4-681 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Allin Cottrell; Keynes's Appendix to Chapter 19: A Reader's Guide. History of Polit…
Brady on Pigou and Keynes: Comment
Research Article| November 01 1994 Brady on Pigou and Keynes: Comment Allin Cottrell Allin Cottrell Search for other works by this author on: This Site Google History of Political Economy (1994) 26 (4): 707–711. https://doi.org/10.1215/00182702-26-4-707 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Allin Cottrell; Brady on Pigou and Keynes: Comment. History of Political Economy 1 November 1994; …
Calculation, complexity and planning: The socialist calculation debate once again
This article offers a reassessment of the socialist calulation debate, and examines the extent to which the conclusions of that debate must be modified in the light of the subsequent development of the theory and technology of computation. Following an introduction to the two main perspectives on the debate which have been offered to date, we examine the classic case mounted by von Mises against the possibility of rational economic calculation un…
"Natural Rate" Mutations: Keynes, Leijonhufvud and the Wicksell Connection
Research Article| November 01 1991 "Natural Rate" Mutations: Keynes, Leijonhufvud and the Wicksell Connection Allin Cottrell; Allin Cottrell Search for other works by this author on: This Site Google Michael Syron Lawlor Michael Syron Lawlor 1 Search for other works by this author on: This Site Google History of Political Economy (1991) 23 (4): 625–643. https://doi.org/10.1215/00182702-23-4-625 Cite Icon Cite Share Icon Share Facebook Twitter Lin…
Price Expectations and Equilibrium When the Interest Rate Is Pegged
The results of recent analyses of interest rate pegging, in the context of macromodels incorporating rational expectations, stand in marked contrast to the classic Wicksellian conclusions. This paper examines this discrepancy. It is argued that the contrast is by no means wholly to the disadvantage of the Wicksellian analysis. There are considerable problems in providing a credible account of the economic mechanisms that could produce convergence…
Labour value and socialist economic calculation
The use of labour values as a basis for economic calculation in a socialist economy is defended. A resource allocation mechanism is outlined that uses a combination of labour value calculation with market clearing prices for consumer goods. Conditions for full employment are specified. A type theoretic analysis of economic calculation is presented. Information theory is used to estimate the information content of real price vectors. It is demonst…
The Endogeneity of Money: Reply
Marx, Malthus, and Wages
Research Article| June 01 1988 Marx, Malthus, and Wages Allin Cottrell; Allin Cottrell Search for other works by this author on: This Site Google William A. Darity, Jr. William A. Darity, Jr. Search for other works by this author on: This Site Google History of Political Economy (1988) 20 (2): 173–190. https://doi.org/10.1215/00182702-20-2-173 Cite Icon Cite Share Icon Share Facebook Twitter Email Permissions Search Site Citation Allin Cottrell, …
Economic Class, Social Class and Political Forces
The class concepts of economic classes, social classes and political forces all have an important role to play in advancing the theoretical understanding necessary for achieving progress in the socialist project. The “new class analysis” is a series of attempts made since the 1960s by a number of Marxist writers to orient the political forces of socialists by providing analyses of the changing class structure of the advanced capitalist formations…
Social Classes in Marxist Theory
First published in 1984. This study critically examines the conceptions of social class employed by Marx and by modern Marxist writers, to probe their problematic areas and to propose certain modifications to those conception. The author also tests the conclusions deriving from this theoretical reflection against the task of analysing some aspects of the development of class relations in a particular social formation in Britain. This title will b…
The Endogeneity of Money and Money‐income Causality
Calculation, complexity and planning: The socialist calculation debate once again
This article offers a reassessment of the socialist calulation debate, and examines the extent to which the conclusions of that debate must be modified in the light of the subsequent development of the theory and technology of computation. Following an introduction to the two main perspectives on the debate which have been offered to date, we examine the classic case mounted by von Mises against the possibility of rational economic calculation un…
Labour value and socialist economic calculation
The use of labour values as a basis for economic calculation in a socialist economy is defended. A resource allocation mechanism is outlined that uses a combination of labour value calculation with market clearing prices for consumer goods. Conditions for full employment are specified. A type theoretic analysis of economic calculation is presented. Information theory is used to estimate the information content of real price vectors. It is demonst…
Marx, Malthus, and Wages
Research Article| June 01 1988 Marx, Malthus, and Wages Allin Cottrell; Allin Cottrell Search for other works by this author on: This Site Google William A. Darity, Jr. William A. Darity, Jr. Search for other works by this author on: This Site Google History of Political Economy (1988) 20 (2): 173–190. https://doi.org/10.1215/00182702-20-2-173 Cite Icon Cite Share Icon Share Facebook Twitter Email Permissions Search Site Citation Allin Cottrell, …
Testing Marx: Some new results from UK data
Analysing UK economic data over an extended historical timespan, from the mid-nineteenth to the late twentieth centuries, the authors use 'quantitative' or 'empirical' Marxist techniques to test key Marxian theses and categories. They argue that Marxian economics has nothing to fear from a confrontation with empirical data
Value theory and the critique of essentialism
"Natural Rate" Mutations: Keynes, Leijonhufvud and the Wicksell Connection
Research Article| November 01 1991 "Natural Rate" Mutations: Keynes, Leijonhufvud and the Wicksell Connection Allin Cottrell; Allin Cottrell Search for other works by this author on: This Site Google Michael Syron Lawlor Michael Syron Lawlor 1 Search for other works by this author on: This Site Google History of Political Economy (1991) 23 (4): 625–643. https://doi.org/10.1215/00182702-23-4-625 Cite Icon Cite Share Icon Share Facebook Twitter Lin…
Price Expectations and Equilibrium When the Interest Rate Is Pegged
The results of recent analyses of interest rate pegging, in the context of macromodels incorporating rational expectations, stand in marked contrast to the classic Wicksellian conclusions. This paper examines this discrepancy. It is argued that the contrast is by no means wholly to the disadvantage of the Wicksellian analysis. There are considerable problems in providing a credible account of the economic mechanisms that could produce convergence…
Question 5: Social and Long-Term Planning
What does socialism contribute to social planning, in the sense of shaping the social and physical environment over the long term (as distinct from the ever-present matter of short-term coordination of activities)? Can it incorporate genuine entre-preneurialism and/or inventiveness? What are the prospects for growth, and how will socialist growth differ from capitalist growth? How can/must socialism build into its core processes the transcendence…
Realism, Regularities, and Prediction
Problems are identified with the transcendental argument that Lawson uses to make a case for realism in economics: this argument relies heavily upon an unproblematized conception of Free Will. Lawson's substantive conclusions are not vitiated, but the argument presented here suggests that he underestimates the role of regularities and prediction in economics
Value, Markets and Socialism
The labor theory of value provides both a moral and a conceptual foundation for an equitable and efficient socialism. Given modern information technology, a system of planning can work. Markets in consumer goods are required, but not markets for the means of production. We advocate a system of payment in labor-tokens, and argue for its superiority over the wages system in terms of both equity and economic efficiency
The Endogeneity of Money and Money‐income Causality
Question 3: Incentives and Consciousness
If socialist society is not constructed out of pre-existing socialist individuals, then how does it handle the historical limitations inherited from pre-socialist conditions? What is the best way to advance beyond the limitations of short-term and irresponsible anti-social self-interest? What is the nature of the individual-social relationship
Question 4: Stages and Productive Forces
Does socialism progress through stages? Is there a higher, or communist, stage? How can stages, as a manifestation of the objectivity of social evolution, be reconciled with the marshaling of will and consciousness necessary for building socialist society? What role does (or should) development of the productive forces play in a) socialist social evolution; b) socialist theory? How does socialism envision the evolution of democracy? the state
Question 2: Feasibility and Coordination
What are the distinctive features of a socialist organization of production, distribution, consumption? How are complex choices made, and highly variegated individual needs and interests reconciled? What should be the balance among: market, central plan, iterative coordination, negotiated coordination
Keynes's Appendix to Chapter 19: A Reader's Guide
Research Article| November 01 1994 Keynes's Appendix to Chapter 19: A Reader's Guide Allin Cottrell Allin Cottrell Search for other works by this author on: This Site Google History of Political Economy (1994) 26 (4): 681–695. https://doi.org/10.1215/00182702-26-4-681 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Allin Cottrell; Keynes's Appendix to Chapter 19: A Reader's Guide. History of Polit…
The Endogeneity of Money: Reply
Value theory and the critique of essentialism
Social classes in Marxist theory
Economic Class, Social Class and Political Forces
The class concepts of economic classes, social classes and political forces all have an important role to play in advancing the theoretical understanding necessary for achieving progress in the socialist project. The “new class analysis” is a series of attempts made since the 1960s by a number of Marxist writers to orient the political forces of socialists by providing analyses of the changing class structure of the advanced capitalist formations…
Social Classes in Marxist Theory
First published in 1984. This study critically examines the conceptions of social class employed by Marx and by modern Marxist writers, to probe their problematic areas and to propose certain modifications to those conception. The author also tests the conclusions deriving from this theoretical reflection against the task of analysing some aspects of the development of class relations in a particular social formation in Britain. This title will b…
The Endogeneity of Money and Money‐income Causality
Overseas investment and left policy proposals
This paper examines and extends the debate over Roy Hattersley's proposal for a tax on the earnings derived from overseas investments of U.K. residents. Two frameworks are employed to analyse the issue, loanable funds theory and a modern macroeconomic approach stemming from Buiter and Miller. It is concluded that such a tax could be effective in lowering the domestic interest rate and stimulating domestic investment, depending upon the circumstan…
The Endogeneity of Money: Reply
Marx, Malthus, and Wages
Research Article| June 01 1988 Marx, Malthus, and Wages Allin Cottrell; Allin Cottrell Search for other works by this author on: This Site Google William A. Darity, Jr. William A. Darity, Jr. Search for other works by this author on: This Site Google History of Political Economy (1988) 20 (2): 173–190. https://doi.org/10.1215/00182702-20-2-173 Cite Icon Cite Share Icon Share Facebook Twitter Email Permissions Search Site Citation Allin Cottrell, …
Price Expectations and Equilibrium When the Interest Rate Is Pegged
The results of recent analyses of interest rate pegging, in the context of macromodels incorporating rational expectations, stand in marked contrast to the classic Wicksellian conclusions. This paper examines this discrepancy. It is argued that the contrast is by no means wholly to the disadvantage of the Wicksellian analysis. There are considerable problems in providing a credible account of the economic mechanisms that could produce convergence…
Labour value and socialist economic calculation
The use of labour values as a basis for economic calculation in a socialist economy is defended. A resource allocation mechanism is outlined that uses a combination of labour value calculation with market clearing prices for consumer goods. Conditions for full employment are specified. A type theoretic analysis of economic calculation is presented. Information theory is used to estimate the information content of real price vectors. It is demonst…
"Natural Rate" Mutations: Keynes, Leijonhufvud and the Wicksell Connection
Research Article| November 01 1991 "Natural Rate" Mutations: Keynes, Leijonhufvud and the Wicksell Connection Allin Cottrell; Allin Cottrell Search for other works by this author on: This Site Google Michael Syron Lawlor Michael Syron Lawlor 1 Search for other works by this author on: This Site Google History of Political Economy (1991) 23 (4): 625–643. https://doi.org/10.1215/00182702-23-4-625 Cite Icon Cite Share Icon Share Facebook Twitter Lin…
Calculation, complexity and planning: The socialist calculation debate once again
This article offers a reassessment of the socialist calulation debate, and examines the extent to which the conclusions of that debate must be modified in the light of the subsequent development of the theory and technology of computation. Following an introduction to the two main perspectives on the debate which have been offered to date, we examine the classic case mounted by von Mises against the possibility of rational economic calculation un…
Keynes and the Keynesians on the Fisher Effect
This paper examines the treatment of the Fisher effect in Keynes's General Theory and in various Keynesian and post-Keynesian writings. It is argued that Keynes was not entirely fair to Irving Fisher but, nonetheless, that the General Theory provides the basis for a critique of Fisher's argument. Models due to R. A. Mundell and T. Sargent are analyzed, clarified, and used to identify the basis for a Keynesian rationalization of a lagged and parti…
Keynes's Appendix to Chapter 19: A Reader's Guide
Research Article| November 01 1994 Keynes's Appendix to Chapter 19: A Reader's Guide Allin Cottrell Allin Cottrell Search for other works by this author on: This Site Google History of Political Economy (1994) 26 (4): 681–695. https://doi.org/10.1215/00182702-26-4-681 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Allin Cottrell; Keynes's Appendix to Chapter 19: A Reader's Guide. History of Polit…
Brady on Pigou and Keynes: Comment
Research Article| November 01 1994 Brady on Pigou and Keynes: Comment Allin Cottrell Allin Cottrell Search for other works by this author on: This Site Google History of Political Economy (1994) 26 (4): 707–711. https://doi.org/10.1215/00182702-26-4-707 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Allin Cottrell; Brady on Pigou and Keynes: Comment. History of Political Economy 1 November 1994; …
Testing Marx: Some new results from UK data
Analysing UK economic data over an extended historical timespan, from the mid-nineteenth to the late twentieth centuries, the authors use 'quantitative' or 'empirical' Marxist techniques to test key Marxian theses and categories. They argue that Marxian economics has nothing to fear from a confrontation with empirical data
A Reply to Maniatis
Austrian Economics in America: The Migration of a Tradition
Other| March 01 1996 Austrian Economics in America: The Migration of a Tradition Karen I. Vaughn. Cambridge: Cambridge University Press, 1994. 198 pp. $49.95. Allin F. Cottrell Allin F. Cottrell Search for other works by this author on: This Site Google History of Political Economy (1996) 28 (1): 128–131. https://doi.org/10.1215/00182702-28-1-128 Cite Icon Cite Share Icon Share Twitter Permissions Search Site Citation Allin F. Cottrell; Austrian …
Value, Markets and Socialism
The labor theory of value provides both a moral and a conceptual foundation for an equitable and efficient socialism. Given modern information technology, a system of planning can work. Markets in consumer goods are required, but not markets for the means of production. We advocate a system of payment in labor-tokens, and argue for its superiority over the wages system in terms of both equity and economic efficiency
Does Marx Need to Transform?
Almost all of the voluminous literature on the Marxian ‘transformation problem’ is predicated on the assumption that, whether or not he succeeded, what Marx was trying to do in part 2, volume III of Capital — namely to derive a set of prices consistent with the equalisation of the rate of profit across all capitals — was correct. Those neo-Ricardians who argue that there is really no transformation problem as such (on the ground that labour value…
Realism, Regularities, and Prediction
Problems are identified with the transcendental argument that Lawson uses to make a case for realism in economics: this argument relies heavily upon an unproblematized conception of Free Will. Lawson's substantive conclusions are not vitiated, but the argument presented here suggests that he underestimates the role of regularities and prediction in economics
The Relation between Economic and Political Instances in the Communist Mode of Production
A NYONE PROMOTING COMMUNISM in the current centurymust come to terms with the key historical event of the sec-ond half of the last, the demise of the Soviet system. Whether or not we describe ourselves as acommunist,o if our proposals in-volve the expropriation of the capitalist class and the institution of a form of social economy driven by the interests of the associated
Question 3: Incentives and Consciousness
If socialist society is not constructed out of pre-existing socialist individuals, then how does it handle the historical limitations inherited from pre-socialist conditions? What is the best way to advance beyond the limitations of short-term and irresponsible anti-social self-interest? What is the nature of the individual-social relationship
Question 4: Stages and Productive Forces
Does socialism progress through stages? Is there a higher, or communist, stage? How can stages, as a manifestation of the objectivity of social evolution, be reconciled with the marshaling of will and consciousness necessary for building socialist society? What role does (or should) development of the productive forces play in a) socialist social evolution; b) socialist theory? How does socialism envision the evolution of democracy? the state
Question 5: Social and Long-Term Planning
What does socialism contribute to social planning, in the sense of shaping the social and physical environment over the long term (as distinct from the ever-present matter of short-term coordination of activities)? Can it incorporate genuine entre-preneurialism and/or inventiveness? What are the prospects for growth, and how will socialist growth differ from capitalist growth? How can/must socialism build into its core processes the transcendence…
Economics (21 works) · Political science (16 works) · Political Economy and Marxism (15 works) · Law (14 works) · Law (14 works) · Sociology (14 works) · Politics (13 works) · Computer Science (12 works) · Neoclassical economics (12 works) · Economic Theory and Institutions (11 works)