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This book could be called “The Intelligent Person’s Guide to Economics.” The title expresses Duncan Foley’s belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science.
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Understanding Capital is a brilliantly lucid introduction to Marxist economic theory. Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications.
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Authors Foley, Michl, and Tavani offer a major revision of an established textbook on the theory, measurement, and history of economic growth, with new material on climate change, corporate capitalism, and innovation.
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Explores the relations between contemporary complex systems theory and Classical political economy, and applies the methods it develops to the problems of induced technical change and income distribution in capitalist economies.
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Explores the relations between contemporary complex systems theory and Classical political economy, and applies the methods it develops to the problems of induced technical change and income distribution in capitalist economies.