{"product_id":"9781858980553-theory-of-value-capital-and-interes","title":"THE THEORY OF VALUE, CAPITAL AND INTEREST","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eA New Approach\u003cbr\u003eIn The Theory of Value, Capital and Interest, Branko Horvat puts forward a new economic theory, relevant to real-world economics.  This radical and innovative book deals with the economy as a system which includes producers, consumers and a social regulating agency, rather than simply as an aggregate of individuals.\u003cbr\u003eIn \u003ci\u003eThe Theory of Value, Capital and Interest\u003c\/i\u003e Branko Horvat puts forward a new economic theory, relevant to real-world economics.  This radical and innovative book deals with the economy as a system which includes producers, consumers and a social regulating agency, rather than simply as an aggregate of individuals.\u003cp\u003eBeginning with an essay on economic methodology which analyses the underpinnings of neoclassical economics, the author presents a two-sector canonical model which is used to establish equilibrium prices and quantities in a stationary and growing economy.  This thesis distinguishes two sources of growth - expansion of the labour force and technological progress - and also discusses criteria for investment.  Later chapters extend Professor Horvat's model to include joint production and rent, and present a general case which allows for many consumer and producer goods.  \u003c\/p\u003e\n\u003cp\u003eBy introducing a new economic paradigm - and in so doing offering a solution to the long-standing labour theory of value controversy - this book makes a series of important innovations and will be welcomed as a major contribution by neo-Ricardians, Marxists, post Keynesians and critical neoclassicals.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":53567343755638,"sku":"9781858980553","price":159.73,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_13056209_19676241_20241209082542.jpg?v=1733816007","url":"https:\/\/www.rarewaves.com\/products\/9781858980553-theory-of-value-capital-and-interes","provider":"Rarewaves.com","version":"1.0","type":"link"}