On Wed, 16 May 2001, you wrote: > > > This gives rise to a specific question: how does > the [R/W] VFT perspective offer greater insight > into the systemic interconnections of capitalist > society re the credit system, monetary > institutions, and business cycles than that > put forward by Makoto Itoh? (references below.) > For my take on this matter see the paper Realisation Crises and the Polarisation of Capital, to be presented at the 2001 Heterodox economics conference and also available from my web page www.dcs.gla.ac.uk/~wpc/reports/index.html > In solidarity, Jerry > > For references on Makoto's perspective on > these subjects, see: > > -- Makoto Itoh and Costas Lapavitsas _Political > Economy of Money and Finance_, NY, > St. Martin's Press, 1999. > [being the most recent and specific to the > issues that you claim that your theory has > greater explanatory power in reference to, > this would be the best work to contrast > your explanation to, imo.] > > -- Makoto Itoh _The Basic Theory of Capitalism: > the Forms and Substance of the Capitalist > Economy_, Totowa, NJ, Barnes & Noble > Books, 1988. > [the most detailed and thorough presentation > of Makoto's perspective on the systemic > interconnections of capitalist society, including > critiques of other perspectives and an > integration of the subjects of credit, monetary > institutions, and business cycles.] > > -- Makoto Itoh _The World Economic Crisis and > Japanese Capitalism_, NY, St. Martin's > Press, 1990. > [Application of his perspective to contemporary > issues of relevance to credit, monetary > institutions, and business cycles. Perhaps > somewhat dated by the 1999 book co- > written with Costas.] > > -- Makoto Itoh _Value and Crisis: Essays on > Marxian Economics in Japan_, NY, > Monthly Review Press, 1980. > [An introduction to his perspective. Explained > in greater depth in "Basic Theory" book.] -- Paul Cockshott, University of Glasgow, Glasgow, Scotland 0141 330 3125 mobile:07946 476966 paul@cockshott.com http://www.dcs.gla.ac.uk/people/personal/wpc/ http://www.dcs.gla.ac.uk/~wpc/reports/index.html
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