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Author : Heinz D. Kurz,Neri Salvadori
Publisher : Routledge
Page : 292 pages
File Size : 50,8 Mb
Release : 2002-09-11
Category : Business & Economics
ISBN : 9781134724963
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 : Thomas Sowell
Publisher : Yale University Press
Page : 324 pages
File Size : 47,9 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 0300126069
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 : Heinz D. Kurz,Neri Salvadori
Publisher : Routledge
Page : 511 pages
File Size : 44,5 Mb
Release : 2002-09-11
Category : Business & Economics
ISBN : 9781134724956
The 'classical' approach to economic problems, which can be traced back to Adam Smith and David Ricardo, has seen a remarkable revival in recent years. The essays in this collection argue that this approach holds the key to an explanation of important present day economic phenomena. Focusing on the analytical potentialities of classical economics, the contributors illustrate how an important element of understanding its approach consists of developing and using its explanatory power.
Author : Steven Kates
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 53,8 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781786433572
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 Kurz,Neri Salvadori
Publisher : Routledge
Page : 336 pages
File Size : 46,8 Mb
Release : 2007-08-07
Category : Business & Economics
ISBN : 9781134087815
First Published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.
Author : Heinz Kurz,Neri Salvadori
Publisher : Routledge
Page : 347 pages
File Size : 44,6 Mb
Release : 2014-08-07
Category : Business & Economics
ISBN : 9781317907978
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 : Thomas Sowell
Publisher : Princeton University Press
Page : 174 pages
File Size : 49,8 Mb
Release : 1994
Category : Business & Economics
ISBN : 0691003580
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 : Denis Patrick O'Brien
Publisher : Oxford University Press
Page : 324 pages
File Size : 40,7 Mb
Release : 1978
Category : Economics
ISBN : 0198771177
Author : Theodore Mariolis,Lefteris Tsoulfidis
Publisher : Springer
Page : 242 pages
File Size : 50,7 Mb
Release : 2016-01-13
Category : Political Science
ISBN : 9784431550044
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 D. Kurz,Neri Salvadori
Publisher : Routledge
Page : 351 pages
File Size : 42,7 Mb
Release : 2005-08-12
Category : Business & Economics
ISBN : 9781134202270
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 : D. P. O'Brien
Publisher : Princeton University Press
Page : 444 pages
File Size : 41,7 Mb
Release : 2017-12-11
Category : Business & Economics
ISBN : 9780691177984
The Classical Economists Revisited conveys the extent, diversity, and richness of the literature of economics produced in the period extending from David Hume's Essays of 1752 to the final contributions of Fawcett and Cairnes in the 1870s. D. P. O'Brien thoroughly updates, rewrites, and expands the vastly influential work he first published in 1975, The Classical Economists. In particular, he sets out to make clear the shaping of a comprehensive vision of the working of an open economy, building on the great work of Adam Smith in Wealth of Nations, a development that was substantially affected by the contributions of David Ricardo. He shows that the Classical literature was in fact the work of a host of thinkers from a wide range of backgrounds. Covering the intellectual roots of the Classical literature and its methodological approaches, and the developed theories of value, distribution, money, trade, population, economic growth, and public finance, and examining the Classical attitudes toward a rich variety of policy issues, The Classical Economists Revisited considers not only the achievements of the Classical writers but also their legacy to the later development of economics. A seminal contribution to the field, this book will be treasured for many years to come by economists, historians of economics, instructors and their students, and anyone interested in the sweeping breadth and enduring influence of the classical economists.
Author : David Simpson
Publisher : Edward Elgar Publishing
Page : 225 pages
File Size : 54,8 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9781781951972
'The diligent seeker of truth about our current discontents should turn to. . . The Rediscovery of Classical Economics, by David Simpson. . . Its ostensible object is to resurrect what he calls the "classical tradition" emanating from Adam Smith and distinguish it not only from Keynesian economics but also from today's mainstream known to aficionados as the "neoclassical" orthodoxy. Without going into academic details, this orthodoxy stands accused of replacing a theory of relative prices (how many loaves will buy a pullover) with a more sophisticated account of economic growth, and of foisting on us a theory of "rational expectations" that are anything but rational.' Samuel Brittan, Financial Times 'This book puts human beings back at the heart of the economic process. It shows how this classical, human-centred tradition, stretching from Adam Smith onward, gives us a much better understanding of economic events and what to do about them than the mechanistic, mathematical models of too many economists and planners today.' Eamonn Butler, The Adam Smith Institute, UK 'David Simpson writes about key economic issues with admirable lucidity. He draws deeply on experience as well as on his knowledge of economic theory.' Asa Briggs David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary. The book shows the common principles that connect the early classical school, the Austrian school and complexity theory in a single line of thought. It goes on to show how these principles can be applied to explain the characteristic features of a market economy namely incessant change, growth, the business cycle and the market process itself and argues that static equilibrium theory, whether neoclassical or neo-Keynesian, cannot satisfactorily account for these phenomena. This fascinating book will provide a stimulating read for academics, postgraduate students and all those with an interest in economic theory and economic policy.
Author : Antonella Stirati
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 52,9 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 1782541330
'. . . 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.
Author : Lefteris Tsoulfidis,Persefoni Tsaliki
Publisher : Springer Nature
Page : 465 pages
File Size : 49,7 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9783030179670
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 : 50minutes,
Publisher : 50Minutes.com
Page : 31 pages
File Size : 50,8 Mb
Release : 2019-04-04
Category : Business & Economics
ISBN : 9782808017664
It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide. The Wealth of Nations is one of the most significant works in economics history, and is a foundational text of classical economics. Written at a time when the Industrial Revolution was changing the face of Western societies, the book seeks to explain why some countries are wealthier than others and how a fair, productive society can be created. In particular, Smith’s advocacy of division of labour, free trade and free markets, with equilibrium guaranteed by the so-called “invisible hand of the market”, proved extremely influential in the UK and USA and shaped our modern economic system. The work is still widely studied today, and remains one of the most cited texts in the social sciences. This book review and analysis is perfect for: • Students of economic theory and the history of economics • Anyone who wants to gain a greater understanding of classical economics • Anyone who is curious about why some countries are wealthier than others About 50MINUTES.COM | BOOK REVIEW The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.