Aquaphotomics by Roumiana Tsenkova ISBN 9783036571188
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Aquaphotomics by Roumiana Tsenkova ISBN 9783036571188

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Aquaphotomics by Roumiana Tsenkova

This book presents a probabilistic approach to studying the fundamental role of labor in capitalist economies and develops a non-deterministic theoretical framework for the foundations of political economy. By applying the framework to real-world data, the authors offer new insights into the dynamics of growth, wages, and accumulation in capitalist development around the globe.

The book demonstrates that a probabilistic political economy based on labor inputs enables us to describe central organizing principles in modern capitalism. Starting from a few basic assumptions, it shows that the working time of employees is the main regulating variable for determining strict numerical limits on the rate of economic growth, the range of wages, and the pace of accumulation under the present global economic system. This book will appeal to anyone interested in how the capitalist mode of production works and its inherent limitations; in particular, it will be useful to scholars and students of Marxian economics.
Emmanuel Farjoun and Mosh Machover, follow up their pathbreaking work on the application of statistical physics methods to political economy in this book with David Zachariah, in which they develop methods for making educated and structured estimates of stylized facts applicable to capitalist economies. There's a lot for economists and anyone interested in the political economy of capitalism to learn from their reasoning on these issues, including their novel and challenging suggestion of bounds on the rates of increase of use-value productivity of labor, and on the range of variation of the wage share.
Duncan K. Foley, Leo Model Professor of Economics, New School for Social Research

Book details

SKU NLS9783036571188
ISBN 13 9783036571188
ISBN 10 3036571183
Author Roumiana Tsenkova
Condition New
Binding Type Hardback
Publisher Mdpi AG
Year published 2023-03-28
Number of pages 374
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.

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