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Technological Change & Capital Accumulation in Classical Economics

Technological Change & Capital Accumulation in Classical Economics

Author : Emile Ghattas

Classical economic thought has anticipated the problems faced by the advanced economies of today. Production was the strategic factor of change, and in the classical context, it appeared to be in a continuous crisis doomed to end in the stagnant society, the society of reproduction without growth. The shadow of the stagnant society in our time has not yet been dispelled. Isn't chronic unemployment, which is known in most western countries, a remnant of the gloomy society of the classical Pessimists? Could this type of unemployment the another form of population redundancy vis-a-vis machinery which was exposed by the classical economists? Are we witnessing the emergence of a kind of Industrial Reserve Army Marx defined? Or should the advanced economies resign themselves to the idea of a stagnant society and follow the classical Optimists who, by turning it into utopia of improved values and conditions of human life, set down the basic premises of the welfare state? The problem of production lies in the transition of the industrial society. This book aims at studying the initial steps of this transition and hopes, with a firmer grip of the fundamental origins, to help find solutions to this problem.
$12.65
  • SKU
  • 3054853
  • ISBN:
  • No
  • Author:
  • Emile Ghattas
  • Pages:
  • 197
  • Pub. Year:
  • 1-1-1995
  • Publisher:
  • نوفل / هاشيت أنطوان
  • Cover:
  • غلاف عادي
  • Order in Series
  • N/A