Economics and Social Justice

Hardback

Economics and Social Justice

Essays on Power, Labor and Institutional Change

9781858985749 Edward Elgar Publishing
The late David M. Gordon, formerly Professor of Economics at the New School for Social Research and a founding member of the Union for Radical Political Economics Edited by Samuel Bowles, Professor Emeritus, University of Massachusetts, Amherst, US and Thomas E. Weisskopf, Professor of Economics and Director of the Residential College, University of Michigan, Ann Arbor, US
Publication Date: 1998 ISBN: 978 1 85898 574 9 Extent: 608 pp
David Gordon was a pioneer in the burgeoning field of institutional growth economics, introducing the concept of a ‘social structure of accumulation’, and richly illustrating its usefulness with both econometric and historical studies. Gordon also helped to develop the theory of segmented labor markets and contributed to the econometric and historical analysis of their evolution. This authoritative collection of his most influential works – selected and introduced by his two closest collaborators – embraces the full range of his lifelong scholarly endeavor to deploy modern economic reasoning in the cause of social justice.

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David Gordon was a pioneer in the burgeoning field of institutional growth economics, introducing the concept of a ‘social structure of accumulation’, and richly illustrating its usefulness with both econometric and historical studies. Gordon also helped to develop the theory of segmented labor markets and contributed to the econometric and historical analysis of their evolution. This authoritative collection of his most influential works – selected and introduced by his two closest collaborators – embraces the full range of his lifelong scholarly endeavor to deploy modern economic reasoning in the cause of social justice.

The work opens with an introduction and overview of David Gordon’s career and published work. This is followed by his major essays on a great variety of topics, including the economics of crime, urban history, wage stagnation in the US economy, the organization of work, the ‘top-heavy’ modern corporation, the social and institutional determinants of productivity growth and the globalization of economic life, as well as labor market segmentation and the social structure of accumulation.

Gordon’s synthesis of questions of neo-Marxian and more conventional provenance, and his integration of historical and econometric methods in providing answers, makes Economics and Social Justice a unique and intellectually rewarding analysis of contemporary capitalism.
Critical Acclaim
‘. . . a collection for the specialist. There are good papers which will appeal to some geographers. . .’
– David M. Smith, Progress in Human Geography
Contents
Contents: Introduction (S. Bowles and T. Weisskopf) Part I: Urban Problems and Labor Markets Part II: Long Swings and Cycles Part III: US Productivity Growth, Profitability and Investment Part IV: Macroeconomic History Part V: Heterodox Macroeconomics Part VI: Supervisory Labor and the Bureaucratic Burden Part VII: Macroeconomic Policy Issues
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