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Contemorary Capitalism

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Contemorary Capitalism
Bagshiin lektsiin aguulga:
2. Technology Evolution and Institutional Change Perspective
Marx's natural history and its limitations. Classical economics face the New Institutional Economics (Historical School) and Marxist theory "Opposite" was an accident. This understanding is one-sided and wrong. First, both the research object, the "opposition" is not true sense. Northrop solve a new ancient Code, the economics of organizations and institutions as established or external (exogenous variables), organizational and institutional factors summarized to the economic growth model. The reason for the change from 1600 to 1850 marine transportation productivity (October 1968) article in the "Journal of Political Economy “ major discovery. But in fact, Northrop "Success" or sensational effects theory in recent years, thanks to China's reform and opening up and the former Soviet Union, Eastern Europe, the disintegration of upheaval and reform. Marx is the process of development of human society as a whole, the research productivity and production shut. Department of the interaction between the economic base and the superstructure of the decisive role of the social development concerns of both It is not the same level of analysis. Second, different research methods. Marx takes the method of classical political economy, a concern the relationship between a country's economic development with social and political change, with particular emphasis on the progress of backward productive health relations of production revolutionary role. New Institutional Economics research methods, still based on Keynesian macro concept of a balanced analysis of economics as the main analytical tool (system equilibrium and non-equilibrium is institutional change one of the engines). It is an anti-neo-classical economics emerged, but its value judgments, new ancient code economics still its philosophical foundation; same is true of its analytical tools.
Third, different research purposes.

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