Spectral Theory of Value and Actual Economies

Theodore Mariolis is Professor of Political Economy in the Department of Public Administration at the Panteion University of Athens, Greece. His main educational and research interests are Political Economy, Input–Output Analysis, International Economics, Theory of Endogenous Economic Fluctuations, and History of Economic Thought. He was Founder & Co-Editor of the journal “Bulletin of Political Economy”, and is Director of the “Study Group on Sraffian Economics”.Nikolaos Rodousakis is a Research Fellow in the Centre of Planning and Economic Research (KEPE), Athens, Greece. He holds a Degree in ‘Public Economics’, a M.A. in ‘Economics of Production and Intersectoral Relations’, and a PhD in ‘Economics’ from the Department of Public Administration of the Panteion University of Social and Political Sciences, Greece. His main educational and research interests are Political Economy, Input–Output Analysis, and Theory of Endogenous Economic Fluctuations.George Soklis is a Research Fellow in the Centre of Planning and Economic Research (KEPE), Athens, Greece. He holds a Degree in ‘Public Economics’, a M.A. in ‘Economics of Production and Intersectoral Relations’, and a PhD in ‘Economics’ from the Department of Public Administration of the Panteion University of Social and Political Sciences, Greece. His main educational and research interests are Political Economy, Input–Output Analysis, and Tourism Economics.

• Chapter 1: Empirical Input–Output Representations and Transmutations of Actual Economies.- Chapter 2: Controllability, Observability and Spectral Post-Construction of the Value Theory.- Chapter 3: The Capital Theory Debate and the Almost Uncontrollability and Unobservability of Actual Economies.- Chapter 4: Value Theory, Joint Production and International Trade Issues.- Chapter 5: Empirical Pitfalls of the Traditional Value Theory: Joint Production and Actual Economies.- Chapter 6: Time Dilation, Abstract Social-International Labour and Profit.- Chapter 7: Arguing in Circles: Alternative Value Bases and Actual Economies.- Chapter 8: Capital Theory and Matrix Demand Multipliers in Sraffian Frameworks.- Chapter 9: Effective Demand and Devaluation Policies: Evidence from Input–Output Tables for Eurozone Economies.- Chapter 10: Wrestling with Goodwin’s Distributive Growth Cycle Modelling: Theory and Empirical Evidence.- Chapter 11: Marxian Distributive–Effective Demand Dynamics and the “Law” of Rising Profit Rate.