Gardiner C. Means, Institutionalist and Post Keynesian

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M.E. Sharpe, 1990 - 197 Seiten
Gardiner Means has a secure place in the history of 20th century economic thought, as the co-author with A.A.Berle of "The Modern Corporation and Private Property". But according to Samuels and Medema, Means should be remembered for major contributions in both micro- and macroeconomics. The authors discuss Means's ideas of administered pricing and profit maximization within the giant corporation, the possible links between industrial structure and macroeconomic performance, a theory of the firm as it relates to the market, and the micro foundations of macroeconomics. Central to Means's macroeconomics is his theory that administered pricing generates inflation and stagflation. Means, in the authors' view, was a seminal thinker and a post-Keynesian economist, as well as an institutionalist. This book also gives an precis of Means's unusual career in government and the academy.
 

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Inhalt

Introduction
3
2 The Problem of Interpretation
6
3 A Precis of Meanss Career
7
4 Meanss General Perspective
8
The Modern Corporation Property and Power
15
2 The Corporation
17
3 Concentration and Size
19
4 Dispersion of Stock Ownership
20
The Reception of Meanss Work and the Relation of His Work to That of Others
95
2 Meanss Dissertation
96
3 Facts Paradigms Ideology and Discourse
98
4 Already and Newly Established Fields
99
5 Aspects of Filtration
100
6 A Man of One Idea
105
7 Recollections of Early Perceptions
106
8 The Status of Meanss Work
116

5 Separation of Ownership and Control
22
b Profit Maximization
26
c The Separation of Ownership and Control
31
The Economy as a System of Power
39
Collectivized
43
8 The Economy as a System of Power
46
9 The Corporation as Private Government
50
A New Microeconomics
55
2 The Price Adjustment Process
63
3 The Theory of the Firm in Relation to the Market
67
The Macroeconomic Consequences of Administered Prices
77
2 Administered Pricing and Inflation
80
3 Means in Relation to Keynes
84
4 Accounting for the Cost of Idle or Excess Capacity
91
a A General Mosaic
117
b Random Surveys of Several Fields within Economics
122
ii Intermediate Microeconomics
124
iii Intermediate Macroeconomics
127
iv The Corporation and Corporate Power
130
9 The Sociology of Academic Opportunity
136
10 Means as an Outsider
142
Gardiner C Means in the History of Economic Thought A Preliminary Assessment
145
Notes
161
References
175
Index
181
About the Authors
195
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Über den Autor (1990)

WARREN J. SAMUELS is currently professor of economics at Michigan State University. He earned his M.S. and Ph.D. degrees at the University of Wisconsin., Professor Samue1s has written extensively on the history of economic thought, Post Keynesian economics, and institutional economics., STEVEN G. MEDEMA is assistant professor at the University of Colorado at Denver. He received his M.A. and Ph.D. degrees from Michigan State University.

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