“Capitalism: Competition, Conflict and Crisis” is a new book on modern capitalist economies by Anwar Shaikh, professor and chair of the economics department at The New School for Social Research.
Based on fifteen years of research, Shaikh documents how standard economic assumptions - perfect competition, perfect firms, perfect knowledge and rational expectations - don’t describe or reflect reality.
Instead, he does something new. He develops theory from real behavior and real competition. From this fresh and practical perspective, he redefines conventional economic ideas such as supply and demand, wage and profits, growth, unemployment, inflation, inequality, and the recurrence of economic crises to offer an alternative framework for understanding the economics of capitalism.
5:30pm, Friday, February 12th
The New School
Wolff Conference Room
6 East 16th Street, Room 1103
Books will be available for purchase at the event.
Shaikh is a professor of economics at the New School for Social for Social Research. He is an associate editor of the Cambridge Journal of Economics, and was a senior scholar and member of the Macro Modeling Team at the Levy Economics Institute of Bard College from 2000 to 2005. In 2014, he was awarded the NordSud International Prize for Literature and Science from Italy’s Fondazione Pescarabruzzo. His intellectual biography appears in the most recent edition of Eminent Economists II published by Cambridge University Press (2014), along with similar essays from thirty prominent economists including seven current Nobel Prize Laureates.
The event is co-sponsored by The New School for Social Research and the Schwartz Center for Economic Policy Analysis (SCEPA) and is free and open to the public.