The Accumulation of Capital (Palgrave Classics in Economics) - Softcover

Robinson, J.

Softcover

ISBN 10: 0230249329 ISBN 13: 9780230249325

Publisher: Palgrave Macmillan, 2013

Synopsis

Originally published in 1956, The Accumulation of Capital provides a dynamic approach to the question of what determines growth and capital accumulation in the long run. Covering topics relating to finance, money and credit this work is prescient in the concerns it addresses.

The Accumulation of Capital is as relevant today as when it was first published. A true classic, it demonstrates Robinson's innovative approach to economics and her ability to embrace and extend the ideas of Marx, Keynes and Kalecki.

This re-issued classic contains a new introduction by Professor Geoff Harcourt and Prue Kerr who explore the influences of Keynes, Marx and Kaleki on this great work and examine the relevance of the growth model.

About this title

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

Book Description:

This new edition of Joan Robinson's seminal work, originally published in 1956, examines and extends Keynes' General Theory to account for issues of growth and capital accumulation

About this edition

• Publisher: Palgrave Macmillan
• Publication date: 2013
• ISBN 10: 0230249329
• ISBN 13: 9780230249325
• Binding: Paperback
• Number of pages: 481