The Theory of Accumulation

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Focusing on the interplay of growth and business cycles in capitalist economies, the book presents a unified macro-dynamic theory rooted in Marxian micro-foundations and historical insights. Developed by Nobuo Okishio, the theory integrates concepts from Keynes and Harrod, challenging the traditional separation of long-term growth analysis and business cycle discussions in mainstream economics. It highlights the evolving understanding of these economic phenomena, advocating for a more cohesive approach to their study.