Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.
Saif al-Islam Muammar al-Gaddafi is a Libyan political figure. He is the second son of the late Libyan leader Muammar Gaddafi and his second wife Safia Farkash. He was a part of his father's inner circle, performing public relations and diplomatic roles on his behalf. He publicly turned down his father's offer of the country's second highest post and held no official government position. According to United States Department of State officials in Tripoli, during his father's reign, he was the second most widely recognized person in Libya, being at times the de facto prime minister, and was mentioned as a possible successor, though he rejected this. An arrest warrant was issued for him on 27 June 2011 by the International Criminal Court (ICC) for charges of crimes against humanity against the Libyan people, for killing and persecuting civilians, under Articles 7(1)(a) and 7(1)(h) of the Rome statute. He denied the charges.
Michio Morishima was a Japanese heterodox economist and public intellectual who was the Sir John Hicks Professor of Economics at the London School of Economics from 1970 to 1988. He was also professor at Osaka University and member of the British Academy. In 1976 he won the Order of Culture.
The tendency of the rate of profit to fall (TRPF) is a theory in the crisis theory of political economy, according to which the rate of profit—the ratio of the profit to the amount of invested capital—decreases over time. This hypothesis gained additional prominence from its discussion by Karl Marx in Chapter 13 of Capital, Volume III, but economists as diverse as Adam Smith, John Stuart Mill, David Ricardo and William Stanley Jevons referred explicitly to the TRPF as an empirical phenomenon that demanded further theoretical explanation, although they differed on the reasons why the TRPF should necessarily occur.
Criticism of Marxism has come from various political ideologies, campaigns and academic disciplines. This includes general intellectual criticism about dogmatism, a lack of internal consistency, criticism related to materialism, arguments that Marxism is a type of historical determinism or that it necessitates a suppression of individual rights, issues with the implementation of communism and economic issues such as the distortion or absence of price signals and reduced incentives. In addition, empirical and epistemological problems are frequently identified.
"DESA's previous USG's". UN Department of Economic and Social Affairs. Retrieved 22 October 2012.
Criticisms of the labor theory of value affect the historical concept of labor theory of value (LTV) which spans classical economics, liberal economics, Marxian economics, neo-Marxian economics, and anarchist economics. As an economic theory of value, LTV is widely attributed to Marx and Marxian economics despite Marx himself pointing out the contradictions of the theory, because Marx drew ideas from LTV and related them to the concepts of labour exploitation and surplus value; the theory itself was developed by Adam Smith and David Ricardo. LTV criticisms therefore often appear in the context of economic criticism, not only for the microeconomic theory of Marx but also for Marxism, according to which the working class is exploited under capitalism, while little to no focus is placed on those responsible for developing the theory.
Dharma Kumar was an Indian economic historian, noted for her work on the agrarian history of India. Her Ph.D at Cambridge on the agrarian history of South India was awarded the Ellen MacArthur Prize, and was published as Land and Caste in South India.
The LSE–Gaddafi affair was a scandal in the United Kingdom that occurred as a result of relationship that existed between the London School of Economics (LSE) and the Libyan government and its leader Muammar Gaddafi and his son Saif al-Islam Gaddafi.
Utsa Patnaik is an Indian Marxian economist. She taught at the Centre for Economic Studies and Planning in the School of Social Sciences at Jawaharlal Nehru University (JNU) in New Delhi, from 1973 until her retirement in 2010. Her husband is the Marxian economist Prabhat Patnaik.
Constant capital, is a concept created by Karl Marx and used in Marxian political economy. It refers to one of the forms of capital invested in production, which contrasts with variable capital. The distinction between constant and variable refers to an aspect of the economic role of factors of production in creating a new value.
Exploitation is a concept defined as, in its broadest sense, one agent taking unfair advantage of another agent. When applying this to labour, it denotes an unjust social relationship based on an asymmetry of power or unequal exchange of value between workers and their employers. When speaking about exploitation, there is a direct affiliation with consumption in social theory and traditionally this would label exploitation as unfairly taking advantage of another person because of their vulnerable position, giving the exploiter the power.
Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism is a 2002 book about the contemporary relevance of the philosopher Karl Marx by the economist Meghnad Desai.
Marxist historiography, or historical materialist historiography, is an influential school of historiography. The chief tenets of Marxist historiography include the centrality of social class, social relations of production in class-divided societies that struggle against each other, and economic constraints in determining historical outcomes. Marxist historians follow the tenets of the development of class-divided societies, especially modern capitalist ones.
Abhinay Muthoo is currently a Research Lead and Fellow at the National Institute of Economic and Social Research (NIESR), a visiting professor at the Meghnad Desai Academy of Economics (MDAE), and Lead Academic of the UK Cross Parliamentary Party Youth Violence Commission.
Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian economists tend to accept the concept of the economy prima facie. Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other; in many cases Marxian analysis is used to complement, or to supplement, other economic approaches. Because one does not necessarily have to be politically Marxist to be economically Marxian, the two adjectives coexist in usage, rather than being synonymous: They share a semantic field, while also allowing both connotative and denotative differences. An example of this can be found in the works of Soviet economists like Lev Gatovsky, who sought to apply Marxist economic theory to the objectives, needs, and political conditions of the socialist construction in the Soviet Union, contributing to the development of Soviet Political Economy.
This article contains a list of books about Hindi film director and actor Raj Kapoor.
Tirthankar Roy is an Indian economic historian and Professor of Economic History at the London School of Economics. He is a researcher of the Economic History of South Asia and India, having published over 25 books and numerous articles. His work spans the fields of Economic History, Business History and Social History, particularly studying the effects of British colonialism in India on its economic development.
Marxism and Keynesianism is a method of understanding and comparing the works of influential economists John Maynard Keynes and Karl Marx. Both men's works has fostered respective schools of economic thought that have had significant influence in various academic circles as well as in influencing government policy of various states. Keynes' work found popularity in developed liberal economies following the Great Depression and World War II, most notably Franklin D. Roosevelt's New Deal in the United States in which strong industrial production was backed by strong unions and government support. Marx's work, with varying degrees of faithfulness, led the way to a number of socialist states, notably the Soviet Union and the People's Republic of China. The immense influence of both Marxian and Keynesian schools has led to numerous comparisons of the work of both economists along with synthesis of both schools.
Palahalli Ramaiya (P.R.) Brahmananda was an Indian economist known best for his contributions to the field of monetary economics and Indian development policy. The wage goods model devised by Brahmananda and CN Vakil in 1956 is considered relevant to this day. He is also believed to have influenced the anti-inflation policies announced in July 1974 when India was seeing inflation rates as high as 29%. Through his career spanning more than five decades, he published 36 books and more than 700 papers and articles. I. G. Patel, the former chief economic advisor to the Government of India in 2004 said that few can rival Brahmananda in terms of sheer scholarship and deep understanding of the whole vista of economic knowledge.
