Knowledge, Class, and Economics


Book Description

Knowledge, Class, and Economics: Marxism without Guarantees surveys the "Amherst School" of non-determinist Marxist political economy, 40 years on: its core concepts, intellectual origins, diverse pathways, and enduring tensions. The volume’s 30 original essays reflect the range of perspectives and projects that comprise the Amherst School—the interdisciplinary community of scholars that has enriched and extended, while never ceasing to interrogate and recast, the anti-economistic Marxism first formulated in the mid-1970s by Stephen Resnick, Richard Wolff, and their economics Ph.D. students at the University of Massachusetts-Amherst. The title captures the defining ideas of the Amherst School: an open-system framework that presupposes the complexity and contingency of social-historical events and the parallel "overdetermination" of the relationship between subjects and objects of inquiry, along with a novel conception of class as a process of performing, appropriating, and distributing surplus labor. In a collection of 30 original essays, chapters confront readers with the core concepts of overdetermination and class in the context of economic theory, postcolonial theory, cultural studies, continental philosophy, economic geography, economic anthropology, psychoanalysis, and literary theory/studies. Though Resnick and Wolff’s writings serve as a focal point for this collection, their works are ultimately decentered—contested, historicized, reformulated. The topics explored will be of interest to proponents and critics of the post-structuralist/postmodern turn in Marxian theory and to students of economics as social theory across the disciplines (economics, geography, postcolonial studies, cultural studies, anthropology, sociology, political theory, philosophy, and literary studies, among others).




Knowledge, Class, and Economics


Book Description

Knowledge, Class, and Economics: Marxism without Guaranteessurveys the "Amherst School" of non-determinist Marxist political economy, 40 years on: its core concepts, intellectual origins, diverse pathways, and enduring tensions. The volume's 30 original essays reflect the range of perspectives and projects that comprise the Amherst School--the interdisciplinary community of scholars that has enriched and extended, while never ceasing to interrogate and recast, the anti-economistic Marxism first formulated in the mid-1970s by Stephen Resnick, Richard Wolff, and their economics Ph.D. students at the University of Massachusetts-Amherst. The title captures the defining ideas of the Amherst School: an open-system framework that presupposes the complexity and contingency of social-historical events and the parallel "overdetermination" of the relationship between subjects and objects of inquiry, along with a novel conception of class as a process of performing, appropriating, and distributing surplus labor. In a collection of 30 original essays, chapters confront readers with the core concepts of overdetermination and class in the context of economic theory, postcolonial theory, cultural studies, continental philosophy, economic geography, economic anthropology, psychoanalysis, and literary theory/studies. Though Resnick and Wolff's writings serve as a focal point for this collection, their works are ultimately decentered--contested, historicized, reformulated. The topics explored will be of interest to proponents and critics of the post-structuralist/postmodern turn in Marxian theory and to students of economics as social theory across the disciplines (economics, geography, postcolonial studies, cultural studies, anthropology, sociology, political theory, philosophy, and literary studies, among others).




The Knowledge Capital of Nations


Book Description

A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.




Knowledge and Class


Book Description




Knowledge, Class, and Economics


Book Description

Knowledge, Class, and Economics: Marxism without Guarantees surveys the "Amherst School" of non-determinist Marxist political economy, 40 years on: its core concepts, intellectual origins, diverse pathways, and enduring tensions. The volume’s 30 original essays reflect the range of perspectives and projects that comprise the Amherst School—the interdisciplinary community of scholars that has enriched and extended, while never ceasing to interrogate and recast, the anti-economistic Marxism first formulated in the mid-1970s by Stephen Resnick, Richard Wolff, and their economics Ph.D. students at the University of Massachusetts-Amherst. The title captures the defining ideas of the Amherst School: an open-system framework that presupposes the complexity and contingency of social-historical events and the parallel "overdetermination" of the relationship between subjects and objects of inquiry, along with a novel conception of class as a process of performing, appropriating, and distributing surplus labor. In a collection of 30 original essays, chapters confront readers with the core concepts of overdetermination and class in the context of economic theory, postcolonial theory, cultural studies, continental philosophy, economic geography, economic anthropology, psychoanalysis, and literary theory/studies. Though Resnick and Wolff’s writings serve as a focal point for this collection, their works are ultimately decentered—contested, historicized, reformulated. The topics explored will be of interest to proponents and critics of the post-structuralist/postmodern turn in Marxian theory and to students of economics as social theory across the disciplines (economics, geography, postcolonial studies, cultural studies, anthropology, sociology, political theory, philosophy, and literary studies, among others).




Knowledge: Its Creation, Distribution and Economic Significance, Volume III


Book Description

Volume III examines in clear and elegant prose the roles of knowledge and information in economics. Part One analyzes the effects of new or uncertain information on market performance; examines the formation and revision of expectations; and provides a classification of literature and an extensive bibliography. Part Two discusses private and social valuations of education and training, the controversy over nature vs. nurture," the issue of "credentialism," and the depreciation of human capital. Originally published in 1984. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.




Knowledge and Persuasion in Economics


Book Description

Argues that economics is a science, but a human science: a witty guide to the ins and outs of economic philosophy.




Knowledge and the Economy


Book Description

The broad spectrum of topics surrounding what is termed the ‘knowledge economy’ has attracted increasing attention from the scientific community in recent years. The nature of knowledge-intensive industries, the spatiality of knowledge, the role of proximity and distance in generating functional knowledge, the transfer of knowledge via networks, and the complex interplay between knowledge, location and economic development are all live academic issues. This book, the fifth volume in Springer’s Knowledge and Space series, focuses on the last of these: the multiple relationships between knowledge, the economy, and space. It reflects the conceptual and methodological multidisciplinarity emerging from this scholarship, yet where there has up to now been a notable lack of communication between some of the contributing disciplines, resulting in lexical and other confusions, this volume brings concord and to foster interdisciplinarity. These complications have been especially evident in our understanding of the spatiality of knowledge, the part that spatial contexts play in knowledge creation and diffusion, and the relevance of face-to-face contacts, all of which are addressed in these pages. The material here is grouped into four sections—knowledge creation and economy, knowledge and economic development, knowledge and networks, and knowledge and clusters. It assembles new concepts and original empirical research from geography, economics, sociology, international business relations, and management. The book addresses a varied audience interested in the historical and spatial foundations of the knowledge economy and is intended to bridge some of the gaps between the differing approaches to research on knowledge, the economy, and space.




The Production and Distribution of Knowledge in the United States


Book Description

The Production and Distribution of Knowledge in the United States marked the beginning of the study of our postindustrial information society. Austrian-born economist Fritz Machlup had focused his research on the patent system, but he came to realize that patents were simply one part of a much bigger "knowledge economy." He then expanded the scope of his work to evaluate everything from stationery and typewriters to advertising to presidential addresses--anything that involved the activity of telling anyone anything. The Production and Distribution of Knowledge in the United States then revealed the new and startling shape of the U.S. economy. Machlup's cool appraisal of the data showed that the knowledge industry accounted for nearly 29 percent of the U.S. gross national product, and that 43 percent of the civilian labor force consisted of knowledge transmitters or full-time knowledge receivers. Indeed, the proportion of the labor force involved in the knowledge economy increased from 11 to 32 percent between 1900 and 1959--a monumental shift. Beyond documenting this revolution, Machlup founded the wholly new field of information economics. The transformation to a knowledge economy has resonated throughout the rest of the century, especially with the rise of the Internet. As two recent observers noted, "Information goods--from movies and music to software code and stock quotes--have supplanted industrial goods as the key drivers of world markets." Continued study of this change and its effects is testament to Fritz Machlup's pioneering work.




Principles of Economics


Book Description