Description - Rethinking Capitalist Develop by Tracy Mott
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.
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