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Book Short Summary
Competition and conflict are intrinsic features of modern societies, inequality is persistent, and booms and busts are recurrent outcomes throughout capitalist history. State intervention modifies modified these patterns but does not abolish them. My book is an attempt to show that one can explain these and many other observed patterns as results of intrinsic forces that shape and channel outcomes. Social and institutional factors play an important role, but at the same time, the factors are themselves limited by the dominant forces arising from "gain-seeking" behavior, of which the profit motive is the most important.
Eminent Economists II, Their Life and Work Philosophies
Edited by Michael Szenberg and Lall Ramrattan
Click here to read Anwar Shaikh's Biography in Eminent Economists II.
The first edition of the volume, (1992) – still in print and a bestseller, was published to critical acclaim and translated into eight languages. It included essays by Maurice Allais, Kenneth Arrow, William Baumol, Kenneth Boulding, James Buchanan, Gerard Debreu, Lawrence R. Klein, Paul A. Samuelson, Herbert Simon, Robert Solow, and Jan Tinbergen. Nine of the eleven listed are Nobel Laureates.
As one of the world’s leading heterodox economists, Anwar Shaikh has taught at The New School for Social Research for more than 30 years, authored three books and six-dozen articles. Now, his contributions have been recognized by Cambridge University Press’s recently released second volume of Eminent Economists, a compendium of essays on the personal philosophies and theoretical approaches of influential living economists.