Classical Political Economy And Modern Theory

Author : Neri Salvadori,Christian Gehrke,Ian Steedman,Richard Sturn
Publisher : Routledge
Page : 417 pages
File Size : 44,8 Mb
Release : 2013-06-17
Category : Business & Economics
ISBN : 9781136639418

Get Book

Classical Political Economy and Modern Theory by Neri Salvadori,Christian Gehrke,Ian Steedman,Richard Sturn Pdf

Heinz Kurz is recognised internationally as a leading economic theorist and a foremost historian of economic thought. This book pays tribute to his outstanding contributions by bringing together a unique collection of new essays by distinguished economists from around the world. Classical Political Economy and Modern Theory comprises twenty essays, grouped thematically into five sections. Part I examines political economy and its critique, Part II looks at entrepreneurship, evolution and income distribution, Part III discusses Cambridge, Keynes and macroeconomics, Part IV explores crisis and cycles, whilst Part V is dedicated to personal reminiscences. The essays in this book will be an invaluable source of inspiration for economists interested in economic theory and in the evolution of economic thought. They will also be of interest to postgraduate and research students specialising in economic theory and in the history of economic thought.

Author : Lefteris Tsoulfidis,Persefoni Tsaliki
Publisher : Springer Nature
Page : 465 pages
File Size : 48,6 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9783030179670

Get Book

Classical Political Economics and Modern Capitalism by Lefteris Tsoulfidis,Persefoni Tsaliki Pdf

This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx, while also operationalizing more recent theoretical developments inspired by the works of Sraffa and other modern classical economists, using actual data from major economies. On the basis of this approach, the book subsequently provides alternative explanations for various microeconomic issues such as the determination of equilibrium prices and their movement induced by changes in income distribution; the dynamics of competition of firms within and between industries; the law of tendential equalization of interindustry profit rates; and international exchanges and transfers of value; as well as macroeconomic issues concerning capital accumulation and cyclical economic growth. Given its scope, the book will benefit all researchers, students, and policymakers seeking new explanations for observed phenomena and interested in the mechanisms that give rise to surface economic categories, such as prices, profits, the unemployment rate, interest rates, and long economic cycles.

Author : Heinz D. Kurz,Neri Salvadori
Publisher : Routledge
Page : 351 pages
File Size : 42,8 Mb
Release : 2005-08-12
Category : Business & Economics
ISBN : 9781134202270

Get Book

Classical Economics and Modern Theory by Heinz D. Kurz,Neri Salvadori Pdf

The well known economists Kurz and Salvadori cover original findings and new vistas on old problems including alternative interpretations of classical economics, new groth theory, Sraffian theory and Von Neumann and the treatment of capital.

Author : Theodore Mariolis,Lefteris Tsoulfidis
Publisher : Springer
Page : 242 pages
File Size : 47,8 Mb
Release : 2016-01-13
Category : Political Science
ISBN : 9784431550044

Get Book

Modern Classical Economics and Reality by Theodore Mariolis,Lefteris Tsoulfidis Pdf

This book presents an in-depth, novel, and mathematically rigorous treatment of the modern classical theory of value based on the spectral analysis of the price–profit–wage rate system. The classical theory is also subjected to empirical testing to show its logical consistency and explanatory content with respect to observed phenomena and key economic policy issues related to various multiplier processes. In this context, there is an examination of the trajectories of relative prices when the distributive variables change, both theoretically and empirically, using actual input–output data from a number of quite divers e economies. It is suggested that the actual economies do not behave like the parable of a one-commodity world of the traditional neoclassical theory, which theorizes the relative scarcities of “goods and production factors” as the fundamental determinants of relative prices and their movement. By contrast, the results of the empirical analysis are fully consistent with the modern classical theory, which makes the intersectoral structure of production and the way in which net output is distributed amongst its claimants the fundamental determinants of price magnitudes. At the same time, however, these results indicate that only a few vertically integrated industries (“industry core” or “hyper-basic industries”) are enough to shape the behaviour of the entire economy in the case of a disturbance. This fact is reduced to the skew distribution of the eigenvalues of the matrices of vertically integrated technical coefficients and reveals that, across countries and over time, the effective dimensions of actual economies are surprisingly low. Normal 0 false false false EN-US JA X-NONE />

Author : Steven Kates
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 48,9 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781786433572

Get Book

Classical Economic Theory and the Modern Economy by Steven Kates Pdf

Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.

Author : William O. Thweatt
Publisher : Springer Science & Business Media
Page : 281 pages
File Size : 48,8 Mb
Release : 2013-03-09
Category : Business & Economics
ISBN : 9789401577823

Get Book

Classical Political Economy by William O. Thweatt Pdf

William O. Thweatt This book is the second in three surveys of the literature in the history of economic thought in the Kluwer Recent Economic Thought series. The first book, covering the pre-classical literature, has already been published; a third, on the neo-c1assical period, is planned for 1988. This middle book surveys the writings on classical political economy for the past 30 years, or roughly since the publication of Joseph Schumpeter's 1954 monumental History of Economic Analysis. Shortly after World War II, the American Economic Association spon sored a Survey of Contemporary Economics [1949]. That work covered 13 subdisciples of economics, and in 1952 a companion piece appeared in which surveys of 10 additional subdisciples were presented. As Bernard Haley, editor of the second volume, stated, even "though in the two volumes twenty-three fields have been treated ... there remain some aspects of the subject ... that have not been reviewed" [Haley, 1952, p. v].

Author : Carl Cone
Publisher : Routledge
Page : 300 pages
File Size : 54,5 Mb
Release : 2017-09-29
Category : Business & Economics
ISBN : 9781351483247

Get Book

The Evolution of Modern Economic Theory by Carl Cone Pdf

The long paper which gives the title to this collection and which has never before been published as paperback was initially an attempt to promote international academic understanding. The Economics Department at the London School of Economics had arranged a colloquy between two groups of Russian and British economists; and where the author asked to contribute a general survey of the present state of economic theory as taught in Western centers. For reasons, which are explained in the opening section, the author decided to adopt an historical approach; and the notes on which the present paper is based were the result.The remainders of the papers have as their common denominator a continuing interest in the history of economic thought. Beginning with a lengthy critique of Schumpeter's magisterial History of Economic Analysis, they range from an appraisal of Bentham's continuing relevance to a review of Robertson's Lectures on Economic Principles, with some special attention to John Stuart Mill both as a human being and as an economist. They have been written at various times in the last thirty-five years; and minute scrutiny, if such were thought to be worthwhile--which of course it is not--might detect some variations of emphasis, particularly perhaps in the implicit valuations of Marshall and his contribution, in the papers on Wicksteed and Schumpeter's History respectively. But in spite of a certain shift of perspective here, the author thought it worthwhile to attempt substantial redrafting.Apart from the correction of obvious inelegances or actual errors, the excision of some duplicating quotations and, in a few cases, the addition of supplementary material and references, the papers are reproduced as originally written. In each instance the author has given footnote acknowledgements of the place of original publication.

Author : Lionel Robbins Baron Robbins
Publisher : Transaction Publishers
Page : 268 pages
File Size : 51,5 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9780202369648

Get Book

The Evolution of Modern Economic theory by Lionel Robbins Baron Robbins Pdf

Author : Lord Robbins
Publisher : Springer
Page : 264 pages
File Size : 48,8 Mb
Release : 1970-06-18
Category : Business & Economics
ISBN : 9781349008766

Get Book

The Evolution of Modern Economic Theory by Lord Robbins Pdf

Author : Lefteris Tsoulfidis
Publisher : Routledge
Page : 243 pages
File Size : 46,9 Mb
Release : 2021-05-30
Category : Business & Economics
ISBN : 9781351239417

Get Book

Capital Theory and Political Economy by Lefteris Tsoulfidis Pdf

In recent years, there have been a number of new developments in what came to be known as the "Capital Theory Debates". The debates took place mainly during the 1960s as a result of Piero Sraffa's critique of the neoclassical theory according to which the prices of factors of production directly depend on their relative scarcities. Sraffa showed that when income distribution changes, there are many complexities developed within the economic system impacting on prices in ways which are not possible to predict. These debates were revisited in the 1980s and again more recently, along with a parallel literature that has developed among neoclassical economists and has also looked at the impact of shocks on an economy. This book summarizes the debates and issues around the theory of capital and brings to the fore the more recent developments. It also pinpoints the similarities and differences between the various approaches and critically evaluates them in light of available empirical evidence. The focus of the book is on the price trajectories induced by changes in income distribution and the resulting shape of the wage rates of profit curves and frontier. These issues are central to areas such as microeconomics, international trade, growth, technological change and macro stability analysis. Each chapter starts with the theoretical issues involved, followed by their formalization and subsequently with their operationalization. More specifically, the variables of the classical theory of value and distribution are rigorously defined and quantified using actual input–output data from a number of major economies, but mainly from the USA, over long stretches of time. The empirical results are not only consistent with the anticipations of the theory but also further inform and therefore strengthen its predictive content raising new significant questions.

Author : Lionel Robbins Baron Robbins
Publisher : Unknown
Page : 276 pages
File Size : 44,8 Mb
Release : 1970
Category : Economics
ISBN : STANFORD:36105033952396

Get Book

The Evolution of Modern Economic Theory and Other Papers on the History of Economic Thought by Lionel Robbins Baron Robbins Pdf

Author : Bernard S. Katz,Ronald E. Robbins
Publisher : Routledge
Page : 550 pages
File Size : 50,7 Mb
Release : 2017-02-03
Category : Business & Economics
ISBN : 9781351982382

Get Book

Modern Economic Classics-Evaluations Through Time by Bernard S. Katz,Ronald E. Robbins Pdf

In this book, first published in 1988, the editors have included the reviews of thirteen classic works on economic theory, empirical economic studies, political economy and management. Each major work was chosen due to its contribution in shaping our current knowledge and perspectives, and each essay is commented on by important critics in different eras. This title will be of interest to students of economic thought.

Author : Dimitris Milonakis,Ben Fine
Publisher : Routledge
Page : 388 pages
File Size : 46,5 Mb
Release : 2009-01-13
Category : Business & Economics
ISBN : 9781134099436

Get Book

From Political Economy to Economics by Dimitris Milonakis,Ben Fine Pdf

Economics has become a monolithic science, variously described as formalistic and autistic with neoclassical orthodoxy reigning supreme. So argue Dimitris Milonakis and Ben Fine in this new major work of critical recollection. The authors show how economics was once rich, diverse, multidimensional and pluralistic, and unravel the processes that lead to orthodoxy’s current predicament. The book details how political economy became economics through the desocialisation and the dehistoricisation of the dismal science, accompanied by the separation of economics from the other social sciences, especially economic history and sociology. It is argued that recent attempts from within economics to address the social and the historical have failed to acknowledge long standing debates amongst economists, historians and other social scientists. This has resulted in an impoverished historical and social content within mainstream economics. The book ranges over the shifting role of the historical and the social in economic theory, the shifting boundaries between the economic and the non-economic, all within a methodological context. Schools of thought and individuals, that have been neglected or marginalised, are treated in full, including classical political economy and Marx, the German and British historical schools, American institutionalism, Weber and Schumpeter and their programme of Socialökonomik, and the Austrian school. At the same time, developments within the mainstream tradition from marginalism through Marshall and Keynes to general equilibrium theory are also scrutinised, and the clashes between the various camps from the famous Methodenstreit to the fierce debates of the 1930s and beyond brought to the fore. The prime rationale underpinning this account drawn from the past is to put the case for political economy back on the agenda. This is done by treating economics as a social science once again, rather than as a positive science, as has been the inclination since the time of Jevons and Walras. It involves transcending the boundaries of the social sciences, but in a particular way that is in exactly the opposite direction now being taken by "economics imperialism". Drawing on the rich traditions of the past, the reintroduction and full incorporation of the social and the historical into the main corpus of political economy will be possible in the future.

Author : Heinz Kurz,Neri Salvadori
Publisher : Routledge
Page : 359 pages
File Size : 46,5 Mb
Release : 2007-07-12
Category : Business & Economics
ISBN : 9781134087815

Get Book

Interpreting Classical Economics by Heinz Kurz,Neri Salvadori Pdf

First Published in 2007. This book is the third volume of previously published essays from Heinz D. Kurz and Neri Salvadori, following Understanding Classical Economics (1998) and Classical Economics and Modern Theory (2003), both published by Routledge. This new collection can be read in isolation but perhaps more fruitfully in conjunction with the previous texts, providing modern interpretations of the classical economists and comparing their analyses with that of contemporary mainstream economics. The essays in the new volume are split between three parts, the first section dealing with classical economics and modern theory focusing specifically on the differences in the analytical structure and content of the theory of value and distribution of Ricardo, on the one hand, and Say and Walras, on the other. The second part is devoted to Piero Sraffa’s contribution, drawing from his hitherto unpublished papers. The final part assesses linear theory of production, concentrating on comparative studies of the contributions of von Neumann, Arrow-Debreu, Georgescu-Roegen and Sraffa. This new volume will be of interest to economic theorists and methodologists in Europe, Asia and America and particularly academics and researchers engaged with theories of production, value, distribution, economic growth and the history of economic thought.

Author : Krishna Bharadwaj
Publisher : Calcutta : Centre for Studies in Social Sciences ; New Delhi : Sole distributors, Orient Longman
Page : 126 pages
File Size : 43,5 Mb
Release : 1978
Category : Business & Economics
ISBN : UOM:39015024632864

Get Book

Classical Political Economy and Rise to Dominance of Supply and Demand Theories by Krishna Bharadwaj Pdf