On Classical Economics

Author : Thomas Sowell
Publisher : Yale University Press
Page : 324 pages
File Size : 55,7 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 0300126069

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On Classical Economics by Thomas Sowell Pdf

A reexamination of classical economic theory and methods, by a senior economist of international stature Thomas Sowell's many writings on the history of economic thought have appeared in a number of scholarly journals and books, and these writings have been praised, reprinted, and translated in various countries around the world. The classical era in the history of economics is an important part of the history of ideas in general, and its implications reach beyond the bounds of the economics profession. On Classical Economics is a book from which students can learn both history and economics. It is not simply a Cook's tour of colorful personalities of the past but a study of how certain economic concepts and tools of analysis arose, and how their implications were revealed during the controversies that followed. In addition to a general understanding of classical macroeconomics and microeconomics, this book offers special insight into the neglected pioneering work of Sismondi--and why it was neglected--and a detailed look at John Stuart Mill's enigmatic role in the development of economics and the mysteries of Marxian economics. Clear, engaging, and very readable, without being either cute or condescending, On Classical Economics can enable a course on the history of economic thought to make a contribution to students' understanding of economics in general--whether in price theory, monetary theory, or international trade. In short, it is a book about analysis as well as history.

Author : Thomas Sowell
Publisher : Princeton University Press
Page : 174 pages
File Size : 45,7 Mb
Release : 1994
Category : Business & Economics
ISBN : 0691003580

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Classical Economics Reconsidered by Thomas Sowell Pdf

This reconsideration of the macroeconomics, microeconomics, methodology, and social philosophy of the classical economists has been a small gem on the history of economic thought, written in a way accessible to students, while having much to teach scholars. The reissue of this book twenty years after its original publication is a tribute to the enduring relevance of the questions raised during the formative period of economics and to the skill with which the author analyzes them.

Author : Steven Kates
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 43,7 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781786433572

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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 : Heinz D. Kurz,Neri Salvadori
Publisher : Routledge
Page : 351 pages
File Size : 55,6 Mb
Release : 2005-08-12
Category : Business & Economics
ISBN : 9781134202270

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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 : Denis Patrick O'Brien
Publisher : Oxford University Press
Page : 324 pages
File Size : 45,9 Mb
Release : 1978
Category : Biography & Autobiography
ISBN : 0198771177

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The Classical Economists by Denis Patrick O'Brien Pdf

Author : Heinz D. Kurz,Neri Salvadori
Publisher : Routledge
Page : 292 pages
File Size : 50,9 Mb
Release : 2002-09-11
Category : Business & Economics
ISBN : 9781134724963

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Understanding 'Classical' Economics by Heinz D. Kurz,Neri Salvadori Pdf

The essays in this collection argue that the 'classical' approach to economic problems holds the key to an explanation of important present day economic phenomena.

Author : Theodore Mariolis,Lefteris Tsoulfidis
Publisher : Springer
Page : 242 pages
File Size : 45,5 Mb
Release : 2016-01-13
Category : Political Science
ISBN : 9784431550044

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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 : Heinz Kurz,Neri Salvadori
Publisher : Routledge
Page : 347 pages
File Size : 53,5 Mb
Release : 2014-08-07
Category : Business & Economics
ISBN : 9781317907978

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Revisiting Classical Economics by Heinz Kurz,Neri Salvadori Pdf

The financial crisis and the economic crisis that followed triggered a crisis in the subject of economics, as it is typically being taught today especially in macroeconomics and related fields. A renewed interest in earlier authors, especially the classical economists from Adam Smith to David Ricardo and John Maynard Keynes, developed. This book may also be seen as a response to this interest. What can we learn from the authors mentioned, what we could not learn from the mainstream? This volume contains a selection of essays which deepens and widens the understanding of the classical approach to important problems, such as value and distribution, growth and technical progress, and exhaustible natural resources. It is the fourth collection in a row and reflects an on-going discussion of the fecundity of the classical approach. A main topic of the essays is a comparison between the classical approaches with modern theory and thus an identification of what can be learned by elaborating on the ideas of Smith and Ricardo and Marx above and beyond and variously in contradiction to certain mainstream view. Since the work of Piero Sraffa spurred the revival of classical economic thought, his contributions are dealt with in some detail. The attention then focuses on economic growth and the treatment of exhaustible resources within a classical framework of the analysis.

Author : Lefteris Tsoulfidis,Persefoni Tsaliki
Publisher : Springer Nature
Page : 465 pages
File Size : 41,5 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9783030179670

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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 : 348 pages
File Size : 51,7 Mb
Release : 2022-03-10
Category : Business & Economics
ISBN : 9781000453133

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Competition, Value and Distribution in Classical Economics by Heinz D. Kurz,Neri Salvadori Pdf

Drawing in particular on the work of Sraffa, Smith, Ricardo and Marx, the essays in this volume explore the characteristic features of the Classical economists’ approach to economic problems, and the renewal of interest in that approach in modern times. In recent years, new material has been made available on both Sraffa and Marx which have made new insights and interpretations possible. The release of Sraffa’s hitherto unpublished papers and correspondence has led to reconsideration of doctrinal questions such as to what extent Sraffa built upon, or deviated from the analyses of Adam Smith, David Ricardo and other representatives of the classical British school and Karl Marx. A major theme is also to what extent we can today, equipped with Sraffa's insights and analytical tools, re-interpret and develop ideas of classical authors, which they could present only in primitive forms, on technological progress, exhaustible resources and other contemporary issues. On Marx, the publication of the MEGA2 edition of the works, papers and correspondence of Marx and Engels also gives rise to a reconsideration of this relationship, given Marx's disenchantment with some of his own work and return to ideas advocated by Ricardo, especially as regards the long-term tendency of the rate of profits. Finally, the classical notion of competition and monopoly deserve to be scrutinized carefully again and frequent misinterpretations in the literature refuted. This volume is vital reading for scholars of classical economics, Marx and Sraffa, and the history of economic thought more broadly. It also deals with issues in the areas of machinery and technical progress, joint production, and economic development and growth.

Author : Marcella Corsi,Jan Kregel,Carlo D'Ippoliti
Publisher : Anthem Press
Page : 276 pages
File Size : 44,6 Mb
Release : 2018-01-22
Category : BUSINESS & ECONOMICS
ISBN : 9781783087518

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Classical Economics Today by Marcella Corsi,Jan Kregel,Carlo D'Ippoliti Pdf

“Classical Economics Today: Essays in Honor of Alessandro Roncaglia” comprises a collection of original essays by leading economists who adopt a Classical approach to political economy. The essays showcase the relevance and topicality of the Classical approach, as opposed to the sterility and real-world irrelevance of mainstream economics.

Author : Heinz Kurz,Neri Salvadori
Publisher : Routledge
Page : 359 pages
File Size : 51,7 Mb
Release : 2007-07-12
Category : Business & Economics
ISBN : 9781134087815

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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 : W.D. Sockwell
Publisher : Springer
Page : 228 pages
File Size : 46,7 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349235698

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Popularizing Classical Economics by W.D. Sockwell Pdf

Popularizing Classical Economics analyzes the theoretical contributions of two British Economists, Henry Brougham and William Ellis, and describes how they popularized economic ideas from the early 1800s through the 1860s. Efforts to spread economic ideas to the lay public have been little studied and few individuals have been recognized for their efforts. This book traces the efforts of Brougham and Ellis to spread classical economic ideas through education of both adults and children.

Author : Claudia C. Klaver
Publisher : Ohio State University Press
Page : 264 pages
File Size : 53,6 Mb
Release : 2003
Category : Business & Economics
ISBN : 0814209440

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A/moral Economics by Claudia C. Klaver Pdf

A/Moral Economics is an interdisciplinary historical study that examines the ways which social "science" of economics emerged through the discourse of the literary, namely the dominant moral and fictional narrative genres of early and mid-Victorian England. In particular, this book argues that the classical economic theory of early-nineteenth-century England gained its broad cultural authority not directly, through the well- known texts of such canonical economic theorists as David Ricardo, but indirectly through the narratives constructed by Ricardo's popularizers John Ramsey McCulloch and Harriet Martineau. By reexamining the rhetorical and institutional contexts of classical political economy in the nineteenth century, A/Moral Economics repositions the popular writings of both supporters and detractors of political economy as central to early political economists' bids for a cultural voice. The now marginalized economic writings of McCulloch, Martineau, Henry Mayhew, and John Ruskin, as well as the texts of Charles Dickens and J. S. Mill, must be read as constituting in part the entities they have been read as merely criticizing. It is this repressed moral logic that resurfaces in a range of textual contradictions--not only in the writings of Ricardo's supporters, but, ironically, in those of his critics as well.

Author : Antonella Stirati
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 44,9 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 1782541330

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The Theory of Wages in Classical Economics by Antonella Stirati Pdf

'. . . there is much is Stirati's discussion of the natural wage which is of interest, and she explores quite carefully the role of institutional, cultural and social factors in the determination of the long-run wage rate.' - John Vint, Journal of the History of Economic Thought This important new book is the first specific study on the classical theory of wages to appear for more than 50 years and as such fills an important gap in the literature. Antonella Stirati argues that the wage-fund theory played no part in the theory of wages expounded by Ricardo and his predecessors. Classical wage theory is shown to be analytically consistent but very different from contemporary theory, particularly as it did not envisage an inverse relationship between employment and the real wage level, and hence a spontaneous tendency to full employment of labour. The author bases her approach not only on a reinterpretation of Smith and Ricardo, but also on the writings of Turgot, Necker, Steuart, Hume, Cantillon and other pre-classical economists.