Spectral theory of value and actual economies : controllability, effective demand, and cycles / Theodore Mariolis, Nikolaos Rodousakis, George Soklis.
Mariolis, Theodore.; Rodousakis, Nikolaos.; Soklis, George.
2021
HB201
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Title Spectral theory of value and actual economies : controllability, effective demand, and cycles / Theodore Mariolis, Nikolaos Rodousakis, George Soklis.
Author Mariolis, Theodore.
ISBN 9789813362604 (electronic bk.)
981336260X (electronic bk.)
9789813362598 (print)
9813362596
DOI https://doi.org/10.1007/978-981-33-6260-4
Imprint Singapore : Springer, 2021.
Language English
Description 1 online resource (512 pages)
Other Standard Identifiers 10.1007/978-981-33-6260-4 doi
Call Number HB201
Dewey Decimal Classification 332.4/1
Summary This book develops a unified treatment of the income distribution capital value problems with respect to actual economies, and then gradually turns to the issues of effective demand and capitalist accumulation fluctuations from both political economy and economic policy perspectives. That treatment, on the one hand, places produced means of production, positive profits, and capital accumulation at the centre of the analysis and, on the other hand, is analytically based on the modern control theory. Hence, the authors' investigation is concerned with input-output representations of actual single and joint production, heterogeneous labour, and open economies; zeroes in on the characteristic value distributions of the system matrices; and, finally, derives meaningful theoretical results consistent with the empirical evidence, and vice versa. The main topics addressed are the uncontrollable/unobservable aspects of the real-world economies, the powerful low-order spectral approximations and reconstructions of the inter-industry structure of production value distributive variables relationships, the critical-constructive appraisal of both mainstream and radical theories of value, the matrix demand multipliers and demand-switching policies in heterogeneous capital worlds, and the circular inter-actions amongst income distribution, effective demand, accumulation, and technical conditions of production. Written on the occasion of the 60th anniversary of the publication of both Piero Sraffa Production of Commodities by Means of Commodities and Rudolf E. Kalman's paper on the general theory of control systems this book provides a consistent and comprehensive framework for theoretical, empirical, and economic policy research.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (SpringerLink, viewed June 7, 2021).
Added Author Rodousakis, Nikolaos.
Soklis, George.
Series Evolutionary economics and social complexity science ; v. 24.
Available in Other Form Spectral Theory of Value and Actual Economies.
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Chapter 1: Empirical Input-output Representations and Transmutations of Actual Economies
Chapter 2: Controllability, Observability and Spectral Post-Construction of the Value Theory
Chapter 3: The Capital Theory Debate and the Almost Uncontrollability and Unobservability of Actual Economies
Chapter 4: Value Theory, Joint Production and International Trade Issues
Chapter 5: Empirical Pitfalls of the Traditional Value Theory: Joint Production and Actual Economies
Chapter 6: Time Dilation, Abstract Social-International Labour and Profit
Chapter 7: Arguing in Circles: Alternative Value Bases and Actual Economies
Chapter 8: Capital Theory and Matrix Demand Multipliers in Sraffian Frameworks
Chapter 9: Effective Demand and Devaluation Policies: Evidence from Input-output Tables for Eurozone Economies
Chapter 10: Wrestling with Goodwin Distributive Growth Cycle Modelling: Theory and Empirical Evidence
Chapter 11: Marxian Distributive ffective Demand Dynamics and the aw of Rising Profit Rate.

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