Background
ELTIS, Walter Alfred was born in 1933 in Warnsdorf, Czechoslovakia.
( Walter Eltis's classic account of the theories of growt...)
Walter Eltis's classic account of the theories of growth and distribution of François Quesnay, Adam Smith, Robert Malthus, David Ricardo, and Karl Marx is reprinted with a substantial new Introduction setting the work in a broader context. He restates their individual contributions rigorously with extensive references to the original texts. He shows how each developed the work of his predecessors to produce a coherent and distinctive classical theory of growth.
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( This book presents unique, critical, summaries of major...)
This book presents unique, critical, summaries of major works that the author proposes as the core classical sociological theory (Émile Durkheim’s), as the three main supplementary classical sociological theories (Karl Marx’s, Max Weber’s, and Abdurahman Muhammad Ibn Khaldûn’s), and as two key precursor theories (Thomas Malthus’s and Charles Darwin’s). The author discusses, using many supporting quotations from the originals, themes from Darwin’s The Origin of Species; Malthus’s First Essay on Population; Durkheim’s The Division of Labor in Society, Suicide, Moral Education, The Elementary Forms of Religious Life, and The Rules of Sociological Method; Marx’s Capital, The Communist Manifesto, The German Ideology, and Wage Labor and Capital; Weber’s Economy and Society, The Protestant Ethic and the Spirit of Capitalism, From Max Weber: Essays in Sociology, and The Methodology of the Social Sciences; and Ibn Khaldûn’s The Muqaddimah, together with works that employ the same basic theme as the latter that originated as part of 20th century Western sociology. Darwin introduced the concept of “natural selection,” that is, the non-foresightful, non-preparatory, and therefore probabilistically reactive, survival mechanism whereby a single hypothetically original life species has survived on Earth by differentiating itself into the hundreds of millions of species that have existed so far (most of which have already gone extinct). Malthus, however, had already introduced the idea of a proactive theory that would anticipate and prepare our species to meet survival threats before they actually occur. The central question of this book, then, is What do the theories examined here contribute to our eventually constructing a sociological theory that would participate in identifying, forecasting, and preparing our descendants to meet future threats to human species survival?
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ELTIS, Walter Alfred was born in 1933 in Warnsdorf, Czechoslovakia.
Bachelor of Arts University Cambridge, 1956. Master of Arts University Oxford, 1960.
Research Fellow, Lector Economics, Exeter College, Keble College, Oxford, 1959-1960, 1960-1963. Visiting Reader Economics, University Western Australia, 1970. Visiting Professor of Economics, University Toronto, 1976-1977, European University Institute, Institution, Florence, Italy, 1979.
Fellow, Tutor Economics, Exeter College Oxford, since 1963. Editorial Board, General Editor, Oxford Economic Papers, 1974-1981, 1975-1981.
( This book presents unique, critical, summaries of major...)
( Walter Eltis's classic account of the theories of growt...)
( This book is concerned with the theory of economic grow...)
(Lang:- English, Pages 464. Reprinted in 2015 with the hel...)
The first publications are concerned with the relationship between the nature of capital equipment, accumulation and income distribution. This culminates in Growth and Distribution in which a model is developed where the rate of profit, the share of investment and the rate of economic growth are simultaneously determined by an investment function, a production function and a technical progress function. The latter has the characteristic (unlike Kaldor’s and Arrow’s) that a higher share of investment is associated with faster steady-state technical progress and economic growth.
The model has several classical features including a close interconnection between profits, capital accumulation and technical
progress. The later publications are specifically classical. The theories of economic growth and income distribution of Quesnay, Smith, Malthus, Ricardo and Marx are restated in modern terms, using their original assumptions and arriving at their own principal conclusions.
This culminates in The Classical Theory of Economic Growth. In Britain's Economic Problem a modern growth model is derived from Smith and Quesnay to help explain some of the economic difficulties of the United Kingdom (and other economies which have suffered similar trends) in the 1960s and 1970s. Investment and exports must originate from the economy’s surplus-producing market sector, and if too high a fraction of its surplus of marketed output is diverted to the surplus-using sector where marketed output is consumed by those who produce none (mainly in the public sector), too little will remain for job-creating investment in the market sector itself.
As a result, the employment it provides will decline, and in due course its output also, which will reduce the economy’s tax base. Financial collapse may ensue as the employment which the market sector can provide declines, while the welfare needs of the rest of the community which it is obliged to finance continuously increase.