LEADER 04809nam 22007815 450 001 9910559400403321 005 20251204105154.0 010 $a3-030-93321-0 024 7 $a10.1007/978-3-030-93321-0 035 $a(MiAaPQ)EBC6951934 035 $a(Au-PeEL)EBL6951934 035 $a(CKB)21507170400041 035 $a(BIP)83872076 035 $a(BIP)82299356 035 $a(DE-He213)978-3-030-93321-0 035 $a(EXLCZ)9921507170400041 100 $a20220412d2022 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aHow Labor Powers the Global Economy $eA Labor Theory of Capitalism /$fby Emmanuel D. Farjoun, Moshé Machover, David Zachariah 205 $a1st ed. 2022. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2022. 215 $a1 online resource (155 pages) 225 1 $aNew Economic Windows,$x2039-4128 311 08$aPrint version: Farjoun, Emmanuel D. How Labor Powers the Global Economy Cham : Springer International Publishing AG,c2022 9783030933203 320 $aIncludes bibliographical references and index. 327 $a1 Introduction and major propositions -- Part I Foundations -- 2 Production and labor -- 3 Probabilistic framework -- 4 Labor content ? properties and postulates -- Part II Results -- 5 Law of decreasing labor content -- 6 Wages and class divisions -- 7 Limits to growth and accumulation -- Part III Futures -- 8 Limits to capitalist development -- 9 Open problems of transition -- Appendix A: Open Theoretical Problems -- Appendix B: Technical Appendix -- Glossary -- References -- Index. . 330 $aThis book presents a probabilistic approach to studying the fundamental role of labor in capitalist economies and develops a non-deterministic theoretical framework for the foundations of political economy. By applying the framework to real-world data, the authors offer new insights into the dynamics of growth, wages, and accumulation in capitalist development around the globe. The book demonstrates that a probabilistic political economy based on labor inputs enables us to describe central organizing principles in modern capitalism. Starting from a few basic assumptions, it shows that the working time of employees is the main regulating variable for determining strict numerical limits on the rate of economic growth, the range of wages, and the pace of accumulation under the present global economic system. This book will appeal to anyone interested in how the capitalist mode of production works and its inherent limitations; in particular, it will be useful toscholars and students of Marxian economics. ?Emmanuel Farjoun and Moshé Machover, follow up their pathbreaking work on the application of statistical physics methods to political economy in this book with David Zachariah, in which they develop methods for making educated and structured estimates of stylized facts applicable to capitalist economies. There?s a lot for economists and anyone interested in the political economy of capitalism to learn from their reasoning on these issues, including their novel and challenging suggestion of bounds on the rates of increase of use-value productivity of labor, and on the range of variation of the wage share.? Duncan K. Foley Leo Model Professor of Economics New School for Social Research. 410 0$aNew Economic Windows,$x2039-4128 606 $aMarxian economics 606 $aEconomics 606 $aSocial sciences$xMathematics 606 $aLabor economics 606 $aEconometrics 606 $aEconomics$xHistory 606 $aMarxist Economics 606 $aPolitical Economy and Economic Systems 606 $aMathematics in Business, Economics and Finance 606 $aLabor Economics 606 $aQuantitative Economics 606 $aHistory of Economic Thought and Methodology 615 0$aMarxian economics. 615 0$aEconomics. 615 0$aSocial sciences$xMathematics. 615 0$aLabor economics. 615 0$aEconometrics. 615 0$aEconomics$xHistory. 615 14$aMarxist Economics. 615 24$aPolitical Economy and Economic Systems. 615 24$aMathematics in Business, Economics and Finance. 615 24$aLabor Economics. 615 24$aQuantitative Economics. 615 24$aHistory of Economic Thought and Methodology. 676 $a330.122 676 $a331 700 $aFarjoun$b Emmanuel$f1944-$0247780 702 $aMachover$b Moshe? 702 $aZachariah$b David 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910559400403321 996 $aHow labor powers the global economy$92965867 997 $aUNINA