THE ACCUMULATION OF CAPITAL ROBINSON J. Księgarnia

The Accumulation of Capital

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.

Foreword Introduction

PART I: INTRODUCTION 1. The Classes of Income 2. The Classes of Wealth 3. The Meaning of Money 4. Capital and Income 5. Consumption and Investment 6. The Meaning of Equilibrium

PART II: ACCUMULATION IN THE LONG RUN 7. ASimple Model 8. Section I - Accumulation with One Technique 9. Accumulation with Constant Technique 10. Technical Progress 11. Section II - The Technical Frontier 12. The Spectrum of Techniques 13. The Evaluation of Capital 14. The Technical Frontier in a Golden Age 15. Productivity and the Real Capital Ratio 16. Accumulation without Inventions 17. A Surplus of Labour 18. Section III - Accumulation and Technical Progress 19. Accumulation with Neutral Technical Progress 20. Accumulation with Biased Progress 21. Synopsis of the Theory of Accumulation in the Long Run

PART III: THE SHORT PERIOD 22. Prices and Profits 23. Wages and Prices 24. Fluctuations in the Rate of Investment 25. Cycles and Trends

PART IV: FINANCE 26. Money and Finance 27. The Rates of Interest

PART V: THE RENTIER 28. Consumption of Profits 29. Consumption and Accumulation in the Long Run 30. Rentiers and the Trade Cycle 31. Rentiers and Finance

PART VI: LAND 32. Land and Labour 33. Factor Ratios and Techniques. A Digression 34. Land and Accumulation 35. Land, Labour and Accumulation 36. Increasing and Diminishing Returns

PART VII: RELATIVE PRICES 37. Supply and Demand

PART VIII: International Trade 38. External Investment 39. International Investment NOTES ON VARIOUS TOPICS 40. Postscript 41. The Value of Invested Capital

496 pages, Paperback

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