The Accumulation of Capital (Palgrave Classics in Economics)

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9780230249325: The Accumulation of Capital (Palgrave Classics in Economics)

In this classic work Joan Robinson goes back to the beginning and works out the basic theory that is needed for a coherent treatment of the problems that present themselves in a developing economy. This new edition features a new introduction, which discusses the great significance of Robinson's work.

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About the Author:

Joan Violet Robinson (1903 –1983) was an inspirational post-Keynesian economist who was well known for her work on monetary economics, imperfect competition and for fundamental contributions to many other areas of economics. Initially a supporter of the neoclassical school of economics, she became one its fiercest opponents after becoming acquainted with John Maynard Keynes. Joan Robinson was appointed lecturer in economics at the University of Cambridge, UK, in 1937, elected fellow of Newnham College in 1962 and assumed the position of full professor and fellow of Girton College in 1979. She was the first female fellow of Kings College. Joan Robinson's magnus opus The Accumulation of Capital was first published in 1956 and sought to extend Keynes's theory to the long-run issues of growth and capital accumulation.

Review:

'Classics are classics for a reason. Classics show us that when we flatter ourselves into thinking we have clear title to the ideas we advance, they are really just borrowed from a more eloquent past. Robinson's The Accumulation of Capital shows how difficult it is in economics today to say something that is both new and profound. Her blend of theory and realism is what we all strive for in parsing modern economic problems. Her criticisms of the orthodoxy were enormously productive in that economic methodologies have blossomed to account for inadequacies she pointed out in the equilibrium approach. To Robinson and The Accumulation of Capital we are all deeply indebted, whether we realize it or not.'

Bill Gibson, John Converse Professor of Economics, University of Vermont, USA

'Joan Robinson's most difficult and ambitious book still constitutes a formidable challenge to contemporary theory. Her search for the fundamental but simple principles which underlie the process of growth in a classical Marxian-Kaleckian-Keynesian setting contrasts sharply with the logic and the language of current growth models. Her extraordinary command of logic allowed her to dispense with mathematics, with no loss of clarity and insights. The new Introduction by two leading Robinson scholars provides the thread leading through the labyrinth of case studies and changes in assumptions. It will certainly attract fresh readers to her book, and also lure back those already acquainted with it.'

Maria Cristina Marcuzzo, Professor of Economics, Sapienza, University of Rome, Italy

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Joan Robinson
Editorial: Palgrave MacMillan, United Kingdom (2013)
ISBN 10: 0230249329 ISBN 13: 9780230249325
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Descripción Palgrave MacMillan, United Kingdom, 2013. Paperback. Estado de conservación: New. 3rd ed.. Language: English . Brand New Book. Joan Robinson is one of the most prominent economists of the twentieth Century. Among her voluminous contributions to economics, she is most notably renowned for her exposition and development of growth theory. Since John Maynard Keynes s General Theory the centre of interest in economics had shifted from problems of short-period fluctuations (booms and slumps) to long-run development, but a systematic treatment of the subject, showing the relations of the analysis of the long-run trend of an economy to the short-period theory on the one side, and to static theory on the other, had been almost entirely lacking. In this seminal work, Joan Robinson extends Keynes General Theory to account for the long-run issues of growth and capital accumulation. Robinson s research goes back to the beginning and examines the basic theory that is needed for a coherent treatment of the problems that present themselves in a developing economy. This book is essential reading for all interested in history in economic thought, growth theory development economics. Nº de ref. de la librería SPR9780230249325

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Joan Robinson
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Descripción Palgrave MacMillan, United Kingdom, 2013. Paperback. Estado de conservación: New. 3rd ed.. Language: English . Brand New Book. Joan Robinson is one of the most prominent economists of the twentieth Century. Among her voluminous contributions to economics, she is most notably renowned for her exposition and development of growth theory. Since John Maynard Keynes s General Theory the centre of interest in economics had shifted from problems of short-period fluctuations (booms and slumps) to long-run development, but a systematic treatment of the subject, showing the relations of the analysis of the long-run trend of an economy to the short-period theory on the one side, and to static theory on the other, had been almost entirely lacking. In this seminal work, Joan Robinson extends Keynes General Theory to account for the long-run issues of growth and capital accumulation. Robinson s research goes back to the beginning and examines the basic theory that is needed for a coherent treatment of the problems that present themselves in a developing economy. This book is essential reading for all interested in history in economic thought, growth theory development economics. Nº de ref. de la librería SPR9780230249325

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