IDEAS home Printed from https://ideas.repec.org/a/sae/ecolab/v30y2019i4p467-477.html
   My bibliography  Save this article

Firm innovation and capitalist dialectics: The economics of Nina Shapiro

Author

Listed:
  • Radhika Balakrishnan

    (Rutgers University, USA)

  • William Milberg

    (The New School for Social Research, USA)

Abstract

This essay is a review of and tribute to the life and contributions of Nina Shapiro, who passed away this year. Shapiro was an American Post-Keynesian economist, who was a bridge figure in radical economics, connecting Marx to Keynes, Schumpeter to Kaldor, the behavior of the firm to the dynamics of the macroeconomy, and the process of innovation to the organization of production and accumulation. She was seminal to important moments in the history of radical economics in the US, including the formation of the Hegel-inspired journal Social Concept in the 1980s and the Rutgers University’s Post-Keynesian circle in the 1980s and 1990s. Shapiro’s deeply philosophical and dialectical approach to firm behavior, innovation, and business cycles led her to theorize the “revolutionary character†of Post-Keynesian economics and to formulate a critique of the competitive neoclassical firm which, she argued, is at odds with the logic of capitalism in which firms seek to make profit and grow. JEL Codes: B24, B32, B51, B55

Suggested Citation

  • Radhika Balakrishnan & William Milberg, 2019. "Firm innovation and capitalist dialectics: The economics of Nina Shapiro," The Economic and Labour Relations Review, , vol. 30(4), pages 467-477, December.
    • Handle: RePEc:sae:ecolab:v:30:y:2019:i:4:p:467-477
    DOI: 10.1177/1035304619880473
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1035304619880473
    Download Restriction: no
    File URL: https://libkey.io/10.1177/1035304619880473?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. repec:bla:kyklos:v:29:y:1976:i:3:p:449-77 is not listed on IDEAS
    2. Nina Shapiro, 1991. "Firms, Markets, and Innovation," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 14(1), pages 49-60, September.
    3. Pasinetti,Luigi L., 1983. "Structural Change and Economic Growth," Cambridge Books, Cambridge University Press, number 9780521274104, October.
    4. Eichner, Alfred S, 1973. "A Theory of the Determination of the Mark-up Under Oligopoly," Economic Journal, Royal Economic Society, vol. 83(332), pages 1184-1200, December.
    5. William Milberg & Nina Shapiro, 2013. "Implications of the Recent Financial Crisis for Innovation," SCEPA working paper series. 2013-2, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    6. Nina Shapiro, 2012. "Josef Steindl: An Economist of His Times," PSL Quarterly Review, Economia civile, vol. 65(261), pages 167-187.
    7. Nina Shapiro, 1986. "Innovation, New Industries and New Firms," Eastern Economic Journal, Eastern Economic Association, vol. 12(1), pages 27-43, Jan-Mar.
    8. Nina Shapiro, 2005. "Competition and aggregate demand," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(3), pages 541-549.
    9. Nina Shapiro, 1984. "Involuntary Unemployment in the Long Run: Pasinetti’s Formulation of the Keynesian Argument—A Review Article," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 7(2), pages 235-245, December.
    10. Nina Shapiro & Malcolm Sawyer, 2003. "Post Keynesian price theory," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 25(3), pages 355-365.
    11. Nina Shapiro, 1977. "The Revolutionary Character of Post-Keynesian Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 11(3), pages 541-560, September.
    12. Nina Shapiro, 1981. "Pricing and the Growth of the Firm," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 4(1), pages 85-100, October.
    13. G. C. Harcourt & Peter Kenyon, 1976. "Pricing And The Investment Decision," Kyklos, Wiley Blackwell, vol. 29(3), pages 449-477, January.
    14. William Milberg & Nina Shapiro, 2013. "Implications of the recent financial crisis for firm innovation," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 36(2), pages 207-230.
    15. Nina Shapiro, 2012. "Josef Steindl: An Economist of His Times," Moneta e Credito, Economia civile, vol. 65(260), pages 293-315.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Carmem Aparecida Feijo & Luiz Fernando Cerqueira, 2013. "Econometric Evidence on the Determinants of the Mark Up of Industrial Brazilian Firms in the 1990s," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 14(1a), pages .91-119.
    2. Eckhard Hein, 2016. "Secular stagnation or stagnation policy? Steindl after Summers," PSL Quarterly Review, Economia civile, vol. 69(276), pages 3-47.
    3. Harry Bloch & John Finch, 2010. "Firms and industries in evolutionary economics: lessons from Marshall, Young, Steindl and Penrose," Journal of Evolutionary Economics, Springer, vol. 20(1), pages 139-162, January.
    4. Antonella Stirati, 2001. "Inflation, Unemployment and Hysteresis: An alternative view," Review of Political Economy, Taylor & Francis Journals, vol. 13(4), pages 427-451.
    5. Xiaoye Liu & Kedong Yin & Yun Cao, 2021. "Contribution of the Optimization of Financial Structure to the Real Economy: Evidence from China’s Financial System Using TVP-VAR Model," Mathematics, MDPI, vol. 9(18), pages 1-21, September.
    6. Egon Žižmond & Matjaž Novak, 2006. "Impact of Price-Deregulation on Market Outcomes - The Case of Chimney Sweep Services in Slovenia," Prague Economic Papers, Prague University of Economics and Business, vol. 2006(4), pages 350-363.
    7. Alberto Botta, 2017. "The Complex Inequality–Innovation–Public Investment Nexus: What We (Don’t) Know, What We Should Know and What We Have to Do," Forum for Social Economics, Taylor & Francis Journals, vol. 46(3), pages 275-298, July.
    8. Robert H. Wade, 2014. "‘Market versus State’ or ‘Market with State’: How to Impart Directional Thrust," Development and Change, International Institute of Social Studies, vol. 45(4), pages 777-798, July.
    9. Shan Xu & Lili Guo, 2023. "Financialization and Corporate Performance in China: Promotion or Inhibition?," Abacus, Accounting Foundation, University of Sydney, vol. 59(3), pages 776-817, September.
    10. Yingying Zhou & Yuehan Du & Fengyi Lei & Ziru Su & Yifei Feng & Jie Li, 2021. "Influence of Financialization of Heavily Polluting Enterprises on Technological Innovation under the Background of Environmental Pollution Control," IJERPH, MDPI, vol. 18(24), pages 1-21, December.
    11. Gilberto Tadeu Lima, 2000. "Market concentration and technological innovation in a dynamic model of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 447-475.
    12. Rajshree Agarwal & Barry L. Bayus, 2002. "The Market Evolution and Sales Takeoff of Product Innovations," Management Science, INFORMS, vol. 48(8), pages 1024-1041, August.
    13. Gasperin, Simone, 2022. "Lessons from the past for 21st century systems of state-owned enterprises: The case of Italy's IRI in the 1930s," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 599-612.
    14. Hans D. G. Hyun, 2023. "A financial frontier model with bankers' susceptibility under uncertainty," Metroeconomica, Wiley Blackwell, vol. 74(1), pages 94-118, February.
    15. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.
    16. Fabrizio Ferretti & Michele Mariani & Elena Sarti, 2022. "Patterns of Deindustrialization: Are Countries Converging?," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(10), pages 1-78, October.
    17. Chai, Andreas & Stepanova, Elena & Moneta, Alessio, 2023. "Quantifying expenditure hierarchies and the expansion of global consumption diversity," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 860-886.
    18. F. Patriarca & C. Sardoni, 2011. "Distribution and Growth: A Dynamic Kaleckian Approach," Economics Working Paper Archive wp_697, Levy Economics Institute.
    19. Jung-In Yeon & Sojung Hwang & Bogang Jun, 2022. "The spillover effect of neighboring port on regional industrial diversification and regional economic resilience," Papers 2204.00189, arXiv.org.
    20. Beqiraj, Elton & Fanti, Lucrezia & Zamparelli, Luca, 2019. "Sectoral composition of output and the wage share: The role of the service sector," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 1-10.

    More about this item

    Keywords

    Capitalist competition; dialectic; growth; heterodox economics; innovation; Kalecki; Marshall; Marx’s method; Post-Keynesian economics; pricing; Steindl; theory of the firm;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B32 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Obituaries
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecolab:v:30:y:2019:i:4:p:467-477. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.