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This volume of essays honors the work of the late Josef Steindl (1912-1993). The essays offer a critical examination of the major themes of Steindl's economics along with an appraisal of their relevance to the economic conditions of our times. The book thus centers on the particular connections which Steindl identified between the process of competition and the problem of macroeconomic stagnation. Rethinking Capitalist Development discusses topics such as how Steindl's theory of microeconomic concentration and macroeconomic stagnation might be modified or extended to become even more thorough in its internal structure or in its applicability to historical phenomena. The question of how to take innovations and new products more adequately into account within Steindl's framework is explored. Several of the essays wrestle with both the formal and historical expositions of Steindl's theory, including consideration of the development of alternative mathematical models in which to present the dynamics of the macroeconomy and comparisons with or suggestions for alternative frameworks to capture historical developments in Twentieth Century capitalism. The volume concludes with a posthumous contribution by Steindl himself, which addresses many of the major themes of the preceding essays.
This volume of essays honors the work of the late Josef Steindl (1912-1993). The essays offer a critical examination of the major themes of Steindl's economics along with an appraisal of their relevance to the economic conditions of our times. The book thus centers on the particular connections which Steindl identified between the process of competition and the problem of macroeconomic stagnation. Rethinking Capitalist Development discusses topics such as how Steindl's theory of microeconomic concentration and macroeconomic stagnation might be modified or extended to become even more thorough in its internal structure or in its applicability to historical phenomena. The question of how to take innovations and new products more adequately into account within Steindl's framework is explored. Several of the essays wrestle with both the formal and historical expositions of Steindl's theory, including consideration of the development of alternative mathematical models in which to present the dynamics of the macroeconomy and comparisons with or suggestions for alternative frameworks to capture historical developments in Twentieth Century capitalism. The volume concludes with a posthumous contribution by Steindl himself, which addresses many of the major themes of the preceding essays.
Introduction Tracy Mott and Nina ShapiroPart One: Concentration and Development2. Reproduction and Transformation in the Theory of the Market: Observations on Josef Steindl's Theory of Capitalist Dynamics David P. Levine3. Steindl's Analysis of Firm Growth and the Tendency Toward Industry Concentration Harry Bloch4. An Application of Steindl's Theory of Concentration to the U.S. Meat Packing Industry, 1865-1988 Julie A. HogelandPart Two: Distribution and Growth5. Steindl's Theory of Maturity and Stagnation and Its Relevance Today Amitava Krishna Dutt6. On Industry Concentration and the Transition to Monopoly Capitalism: A Knife-Edge Model of 'Steindlian' Dynamics Marcellus Andrews7. Steindl on Growth and Cycles Marc JarsulicPart Three: Maturity and Stagnation8. Methodology and Industrial Maturity in Steindl's Capitalism Jan Toporowski9. Market-Limited Growth and Twentieth Century Economic History: Rethinking Economic Stagnation in the American Case Michael A. Bernstein10. Monopoly Capitalism and Stagnation Keith Cowling11. Trend and Cycle Josef Steindl
Tracy Mott is Associate Professor of Economics at the University of Denver. He is the author of Kalecki's Principle of Increasing Risk and Keynesian Economics, forthcoming from Routledge. Nina Shapiro is Professor of Economics at Saint Peter's College, New Jersey. She is on the Managerial Board of Editors of the Journal of Post Keynesian Economics, and has numerous publications in both micro and macroeconomics. She has written entries on Josef Steindl in The Biographical Dictionary of Dissenting Economists, and contributed to A 'Second Edition' of The General Theory (1997).
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