Read more
This book demonstrates how the Sraffian framework provides important advantages in treating both subjects. Split into three parts Income Distribution and Environmental Sustainability provides a rigorous exposition of Sraffian theory emphasizing what it means for the economy to be productive, adding a normative theory of income distribution to Sraffa's positive theory.
List of contents
INTRODUCTION
PART 1: SRAFFA AFTER FROBENIUS-PERRON
1.0 Introduction to Part One
1.1 Mathematical Notation, Definitions, and Theorems
1.2 The Dominant Eigenvalue and Right Eigenvector of the Economy
1.3 A Subsistence Economy
1.4 A Productive Economy
1.5 Division of the Net Product
1.6 Basic and Non-Basic Industries
1.7 Technical Change and the Rate of Profit
1.8 Technical Change and Social Efficiency
1.9 Resolving a Conundrum
1.10 Measuring Increases in Labor Productivity
Appendix A: Proofs of Mathematical Theorems.
PART 2: ENVIRONMENTAL SUSTAINABILITY IN A SRAFFA MODEL
2.0 Introduction to Part Two
2.1 Price and Income Determination with Multiple Primary Inputs
2.2 Measuring Environmental Throughput
2.3 Measuring Increases in Throughput Efficiency
2.4 Defining Environmental Sustainability
2.5 Implications for Steady-State and De-Growth Economics
2.6 Generalizing to Heterogeneous Nature
2.7 When Time Matters
PART 3: PRODUCERS AND PARASITES
3.0 Introduction to Part Three
3.1 It’s the Economy that’s Productive, Stupid!
3.2 The Prima Facie Case that Capitalists and Rentiers are Parasites
3.3 Arguments in Defense of Profits and Rents
3.4 What Counts: Contribution or Sacrifice?
3.5 Guilty, as Charged!
Appendix B: Reward for Effort and Modern Theories of Distributive Justice.
CONCLUSION
About the author
Robin Hahnel is Professor Emeritus at the Department of Economics at American University Washington DC, USA, as well as the Co-Director of Economics for Equity and the Environment.
Summary
This book demonstrates how the Sraffian framework provides important advantages in treating both subjects. Split into three parts Income Distribution and Environmental Sustainability provides a rigorous exposition of Sraffian theory emphasizing what it means for the economy to be productive, adding a normative theory of income distribution to Sraffa’s positive theory.
