Nobuo Okishio: The Theory of Accumulation: A Marxian approach to the dynamics of capitalist economy (Springer: Singapore, 2022)

Toichiro Asada ()
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Toichiro Asada: Chuo University

Evolutionary and Institutional Economics Review, 2025, vol. 22, issue 1, No 9, 127-132

Abstract: Abstract Nobuo Okishio, an internationally famous mathematical Marxian Economist, published a book Chikusekiron (The Theory of Accumulation) in 1967 from the publisher Chikuma Shobo, Tokyo in Japanese, and the second edition of this book was published in 1976 also in Japanese. The English version of this book that is based on the second edition was published only relatively recently, that is, in 2022 from Springer. I review the English version of this book and argue on the significance of Okishio’s important contribution in this book to a wide range of non-Neoclassical macrodynamic theories as well as mathematical Marxian Economics.

Keywords: Capitalist economy; Accumulation; Two sector model of production; Marxian theory of crises; Harrodian instability; Business cycles (search for similar items in EconPapers)
JEL-codes: B51 E11 E12 E32 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s40844-024-00288-w

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