Cover image for Heterodox Economics 2 : Alternative Analysis to the Mainstream Blackboard Economics Based on the Concept of Creative Mental Labor.
Heterodox Economics 2 : Alternative Analysis to the Mainstream Blackboard Economics Based on the Concept of Creative Mental Labor.
Title:
Heterodox Economics 2 : Alternative Analysis to the Mainstream Blackboard Economics Based on the Concept of Creative Mental Labor.
Author:
Guerak, Hasan.
ISBN:
9783653032833
Personal Author:
Physical Description:
1 online resource (216 pages)
Series:
Europäisierung des Gewaltmonopols
Contents:
Cover -- Preface -- Contents -- Introduction -- Economic Science And The Human Being -- Science -- Technology -- A Brief Evaluation Of Economic Ideologies -- The Subject Matter Of Economics -- Whose Interests Have Priority In The System? -- Economic Power & Behavior -- Being Selfish Vs. Unselfish (Benevolent) -- Concluding Remarks -- References -- 1- Production Factors, Productive Forces & Income Distribution -- Introduction -- The Purpose And The Subject -- Factors Of Production (Fop) & Productive Factors (Pf) -- Factors Of Production (Fop) -- Productive Factors (Pfs) -- Nature: A "Factor Of Production" As Well As A "Productive" Factor -- Ecological Balance And The Sustainability Of Production -- Labor (Laborer): A "Factor Of Production" As Well As A "Productive" Factor -- Some Related Definitions -- The Concept Labor (Laborer) (L) - Reconsidered -- Capital: Is It A "Productive" Factor? -- Historical Perspective -- Is Capital A "Productive" Factor Capable Of Generating Value? -- Capital Reconsidered -- Origin Of The Capital-Goods -- Is Capital A Scarce Factor Of Production? -- Other Factors Of Production -- Human Capital: Laborer Or Capital? -- Human Capital & The Laborer Without Mental Abilities -- Types Of Incomes: "Earned Vs. Unearned" -- 1- Wages - "Earned Income" -- 2- Profit: - "Earned" Or "Unearned" Income? -- 3- Interest - "Unearned" Income -- 4- Rent: "Unearned Income" -- Functional Income Distribution -- 1- Income Distribution With A "Given" Technology -- 2- Income Distribution With "Technological Progress" -- Concluding Remarks -- References -- 2- On Value And Price -- Introduction -- The Hypothesis -- Why Price Theory? -- Towards A New Mindset" -- A Brief Historical Review -- The Original Sources Of Value: Nature And Labor- Power -- The Labor-Power -- Value Generation - A Simple Model -- Initial Exchange Conditions.

"Unfair" Equilibrium -- Unequal Exchange -- A More Likely Outcome -- Different Qualities Of Mental Labor -- Value-Price Relation -- Relative Prices -- Relative Prices In The Service Sector -- Commodity Sector Price Formation -- Transformation Of Values Into Prices -- A Case Of "Barter-Exchange" -- Price Formation In A Monetary Economy -- Production With Multiple Inputs -- How Influential Is Variations In Demand? -- Technological- (Macro-) Productivity Growth & Price -- Concluding Remarks -- References -- 3- The Creative Mind & New Technologies -- Introduction -- The Subject Of This Study -- Knowledge - Science & Technology -- Knowledge -- Science Or Scientific Knowledge -- Productive Knowledge (Technology) -- A Brief Historical Review -- A. Smith -- Ricardo -- Marx -- Marshall -- Keynes -- Schumpeter -- Changing Trends In The 1950S -- Paul Romer -- Increased Productivity (Growth) -- The Quantity Vs. Value Approach -- How To Increase Productivity? -- The Genesis Of Productivity Growth -- Do We Need A Value-Price Theory Embodying Productive Knowledge? -- Value Generation & Growth -- A Simple Model Based On Productive Knowledge -- New Technology And Growth -- New Technology And The "Productivity Growth" -- A- Quantitative Increase -- B- Increase In Terms Of The Market Values And Prices. -- New Technology And The "Exchange Relations" -- An Exchange With Relative Prices -- Exchange With Respect To Market Prices -- New Products And New Methods Of Production -- The Quantitative "Macro" Growth -- The Growth In The Added Value At A "Macro Level" -- The Accumulation Of Knowledge -- Some Ethical Questions -- Concluding Remarks -- References -- 4- An Alternative Growth Model -- Introduction -- Labor, Technological Progress & Growth -- The Genesis Of Growth: The Qualifications Of The Labor Force.

Is It Possible To Measure The "Qualification Level Of The Laborer" Accurately? -- Productive Factors And Production Factors (Inputs) -- Output, Exchange & Distribution In A "Stationary" Economy -- Barter-Exchange And Growth: 1-A -- Technological-Productivity Growth -- Growth Function -- Barter-Exchange And Growth: 1-B -- Assuming The Presence Of A New Market For Any Additional Output -- Limits Of Growth -- Barter-Exchange And Growth -2 -- Technological Productivity Growth-2: New Product And A New Production Method -- "New Markets" For The "New Product" -- Growth Process In The Real Economy -- 1- Growth Without Technological Change: A "Given" Technology -- 2- Growth With "Technological Progress" -- Growth: Reconsidered - Both In The Short- And Long Term -- Conclusions -- Reference -- 5- Technological Progress & Growth -- Introduction -- The Purpose Of The Study -- Productivity, Productivity Growth & The "Measurement" Problem -- Productivity (V) -- "Productivity Growth" (Economic Growth) -- Efficiency And Technological-Productivity Growth -- Growth-1: Efficiency (Micro-Productivity) Increase -- Growth-2: Technological Productivity Growth -- Reflections On Technological Productivity Growth -- A "Given" Product & A "New" Production Process -- A New Product & A New Production Process -- A New Product, "Monopoly" And The Profit Rate -- Technological Productivity Growth And Price -- A "New Product" & A "New Production Process" -- A "New" Product, A "New" Process And A "New" Price -- Other Factors Influencing The Price Level -- The Service Sector And Productivity Growth -- Conclusion -- References -- 6-The Neoclassical Marxists -- Introduction -- Lucas -- The Mechanical Model -- Is Lucas A Disguised Marxist? -- Romer -- The Role Of Knowledge -- Romer'S Inputs And Sectors -- Concluding Remarks -- References -- 7- Final Remarks -- What Kind Of Economic Order?.

From The Lordship Of Possessions To The Lordship Of Hu-Manity -- From The Producer'S Point Of View -- Competition vs. Coexistence -- The Lessons To Be Drawn From The Ahi Institution -- From The Consumers Point Of View -- Concluding Remarks -- Bibliography.
Abstract:
Heterodox Economics 2 consists of articles which are complementary to the subjects presented in the book titled Heterodox Economics, published in 2012. The aim is to present alternative economic approaches based on the concept of Creative Mental Labor that are intended to make a contribution to the emergence of a new economics. The analysis throughout the book is based upon the principle that the original source of all the value added to products (considering nature as a given), is the mental and physical inputs of labor that continuously create new technologies while at the same time making use of the available technologies.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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