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Literatur zur Politischen Ökonomie
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Titel:
Unholy Trinity
Untertitel:
Labor, capital, and land in the new economy
Reihe:
Ort: Verl.:
Jahr:
2003
Faksimile:
Kleinbild
Deskribierung:
Inhalt:
Many of the central results of Classical and Marxian political economy are examples of the self-organization of the capitalist economy as a complex, adaptive system far from equilibrium. Unholy Trinity explores the relations between contemporary complex systems theory and Classical political economy, and applies the methods it develops to the problems of induced technical change and income distribution in capitalist economies, the control of environmental externalities such as global warming, and the stabilization of world population. The arguments and methods of this important book address central problems both of economic science and economic policy, and provide fresh paths for theoretical exploration.

1 Complexity, self-organization, and political economy 1
Introduction 1
What is a complex system? 1
The Classical political economic vision 3
Self-organization and equilibrium 11
From Malthus to Darwin to Kauffman 17
Classical themes 20
Humanity′s struggle to control its fate 31

2 Innovative capitalism and the distribution of income 32
The puzzle of distribution 35
The Goodwin model 38
The puzzle of productivity change 40
Innovation, distribution, and the profit rate 42
The Goodwin–Kennedy model: induced technical change 43
Foundations of induced technical change theory 46
The labor theory of value 49
A way out of the capital theory dilemma? 51
Self-organization in economic history 53

3 Can political economy save us from global warming? 55
The welfare economics of global warming 56
Dynamic and static substitution 61
Accumulation with a land constraint 62
Closed and open loops 69
Paths to sustainability 69
Economic policy and self-organizing complexity 74

4 The new economy and the population of the Earth 75
Smith and Malthus 76
Stable and unstable demographic equilibria 78
Evidence 81
Population, innovation, and sustainability 84
Distribution 85
Challenges and pitfalls 86
Methods and conclusions 88

5 Concluding observations 89


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