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Contradictions = finance, greed, and labor unequally paid /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Contradictions/ edited by Paul Zarembka.
Reminder of title:	finance, greed, and labor unequally paid /
other author:	Zarembka, Paul.
Published:	Bingley, U.K. :Emerald, : 2013.,
Description:	1 online resource (viii, 285 p.) :ill. :
Subject:	Marxian economics. -
Online resource:	http://www.emeraldinsight.com/doi/book/10.1108/S0161-7230(2013)28
ISBN:	9781781906712 (electronic bk.)

Contradictions = finance, greed, and labor unequally paid /
Contradictionsfinance, greed, and labor unequally paid /[electronic resource] :edited by Paul Zarembka. - Bingley, U.K. :Emerald,2013. - 1 online resource (viii, 285 p.) :ill. - Research in political economy,v. 280161-7230 ;. - Research in political economy ;v. 18..

Crisis as unexpected transition ... to a greed-based economic system / Wladimir Andreff -- Did gold remain relevant in the post-1971 international monetary system? / Jean-Guy Loranger -- Global wage scaling and left ideology : a critique of Charles Post on the 'labour aristocracy' / Zak Cope -- Unpaid reproductive labour : a Marxist analysis / Cecilia Beatriz Escobar Meléndez -- Value theory and finance / Tony Norfield -- Of fat cats and fat tails : from the financial crisis to the new probabilistic Marxism / Julian Wells -- Does investment call the tune? Empirical evidence and endogenous theories of the business cycle / Jose A. Tapia Granados -- Product innovation and capital accumulation : an attempt to introduce Neo-Schumpeterian insights into Marxian economics / Jie Meng.

This volume analyzes two decisive factors that have become embedded in the world spread of capitalism, a shift toward dominance of the financial sector, now entailing massive greed and calling into question whether the rules of capitalism have been broken, and of global wage differentials so deep that recognition of a labor aristocracy cannot be avoided. These chapters are supplemented by two additional showing that gold still regulates the dollars value, and that unpaid reproductive labor of women adversely affects labor productivity. Analysis of finance engenders discussion of its place in value theory, posed around the rate of profit, and is more complex than often presented. Furthermore, the varying rates of profit at the firm level, not just for financials, are distributed in a manner exhibiting more frequent extreme cases than a Bell-curve would suggest. Implications for incorporation of randomization into political economy are drawn. The final chapters provide evidence that Marx was more correct than Kalecki and Minsky when arguing the lead of profits for investment, and that product innovations can mitigate problems of over-production resulting from process innovations.

ISBN: 9781781906712 (electronic bk.)Subjects--Topical Terms:

558560
Marxian economics.

LC Class. No.: HB97.5 / .C66 2013

Dewey Class. No.: 335.412

Contradictions = finance, greed, and labor unequally paid /
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520 $a This volume analyzes two decisive factors that have become embedded in the world spread of capitalism, a shift toward dominance of the financial sector, now entailing massive greed and calling into question whether the rules of capitalism have been broken, and of global wage differentials so deep that recognition of a labor aristocracy cannot be avoided. These chapters are supplemented by two additional showing that gold still regulates the dollars value, and that unpaid reproductive labor of women adversely affects labor productivity. Analysis of finance engenders discussion of its place in value theory, posed around the rate of profit, and is more complex than often presented. Furthermore, the varying rates of profit at the firm level, not just for financials, are distributed in a manner exhibiting more frequent extreme cases than a Bell-curve would suggest. Implications for incorporation of randomization into political economy are drawn. The final chapters provide evidence that Marx was more correct than Kalecki and Minsky when arguing the lead of profits for investment, and that product innovations can mitigate problems of over-production resulting from process innovations.
650 0 $a Marxian economics. $3 558560
700 1 $a Zarembka, Paul. $3 809155
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