The Crisis in Economic Theory
Jon Elster, 20 October 1983
An Evolutionary Theory of Economic Change
by Richard Nelson and Sidney Winter.
Harvard, 437 pp., £20, October 1982,0 674 27227 7 Show More
by Richard Nelson and Sidney Winter.
Harvard, 437 pp., £20, October 1982,
A General Theory of Exploitation and Class
by John Roemer.
Harvard, 298 pp., £22, September 1982,0 674 34440 5 Show More
by John Roemer.
Harvard, 298 pp., £22, September 1982,
“... logical one. In the real world it would soon enough bring about class formation. The exception is international trade, which may bring about exploitation by ‘unequal exchange’ even if there is no employment relation. In the second model we retain the assumption of working for subsistence, but add a labour market. This allows Roemer to prove his central ... ”