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Author: Krishna Bharadwaj Publisher: Routledge ISBN: 1315385848 Category : Business & Economics Languages : en Pages : 522
Book Description
The essays in this volume, first published in 1989, seek to re-examine an important area of economic theory: value and distribution. In a sustained and analytical critique, two principle methodological approaches are compared and distinguished: the Classical or ‘surplus-based’ theories and the demand-and-supply-based equilibrium (DSE) theories. Although the essays are primarily concerned with value and distribution, the critique necessarily extends to the theory of output and employment, and in general, to the theory of trade and accumulation. The book will be an invaluable reader for students of economic thought, capital theory and Marxian political economy.
Author: Krishna Bharadwaj Publisher: ISBN: Category : Business & Economics Languages : en Pages : 360
Book Description
A selection of essays for economists and students of economics which focuses on the classical and Marxian approach, and includes items ranging from the theories of economists Adam Smith and Ricardo to those of Alfred Marshall and Piero Sraffa.
Author: Krishna Bharadwaj Publisher: Taylor & Francis ISBN: 1315385856 Category : Business & Economics Languages : en Pages : 354
Book Description
The essays in this volume, first published in 1989, seek to re-examine an important area of economic theory: value and distribution. In a sustained and analytical critique, two principle methodological approaches are compared and distinguished: the Classical or ‘surplus-based’ theories and the demand-and-supply-based equilibrium (DSE) theories. Although the essays are primarily concerned with value and distribution, the critique necessarily extends to the theory of output and employment, and in general, to the theory of trade and accumulation. The book will be an invaluable reader for students of economic thought, capital theory and Marxian political economy.
Author: Pierangelo Garegnani Publisher: Routledge ISBN: 1136244816 Category : Business & Economics Languages : en Pages : 161
Book Description
This new volume explores two alternative economic theories – the classical theory and the marginalist or neoclassical theory- through a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson. The key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a ‘classical’ approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani argues for the validity of Piero Sraffa’s position on this issue, whilst the late noble laureate Paul Samuelson vehemently contests it. At a time of economic crisis, the future of the discipline is far from certain, and so it is extremely important to bring these debates back into the light, by reproducing them together for the first time. A comprehensive introduction by Heinz Kurz sets the debate in this context, and provides crucial background to the arguments.
Author: Heinz-Dieter Kurz Publisher: ISBN: 9780203103487 Category : Business & Economics Languages : en Pages : 144
Book Description
This new volume explores two alternative economic theories - the classical theory and the marginalist or neoclassical theory- through a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson. The key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a 'classical' approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani argues for the validity of Piero Sraffa's position on this issue, whilst the late noble laureate Paul Samuelson vehemently contests it. At a time of economic crisis, the future of the discipline is far from certain, and so it is extremely important to bring these debates back into the light, by reproducing them together for the first time. A comprehensive introduction by Heinz Kurz sets the debate in this context, and provides crucial background to the arguments.
Author: Heinz D. Kurz Publisher: Routledge ISBN: 1000453138 Category : Business & Economics Languages : en Pages : 348
Book Description
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: Herbert Joseph Davenport Publisher: Forgotten Books ISBN: 9781330376416 Category : Business & Economics Languages : en Pages : 599
Book Description
Excerpt from Value and Distribution: A Critical and Constructive Study Were it ever important to decide in what degree, if at all, a writer may claim priority in the development of doctrine, the task would be a peculiarly difficult one in the case of the present book. The truth, however, rather than any personal ascription of it being the important matter, it becomes worth while to reflect that for several decades and, indeed, in the main since the time of Adam Smith, economic theory has been in possession of doctrines enough for a reasonably complete, consistent, and logical system of thought - if only these doctrines had been, with a wise eclecticism, properly combined and articulated. The emphasis in the present volume upon the entrepreneur point of view in the computation of costs and in the analysis of the process by which distributive shares are assigned, has nothing new in it; it was necessary only that the point of view be clearly distinguished, consistently held, and fully developed. The present writer has emphasized opportunity cost; but this doctrine is everywhere implied in economic discussion; the marvel is that it has been there only unconsciously or half consciously. As far as the present writer is informed, D. I. Green was the first to formulate the doctrine in entire definiteness - the present writer the first to give it systematic application. To making precise the concept of profit and to elucidating the relations of profit to cost some contribution has perhaps been made in the present book. The insistence that rent is a part of cost of production, in full parallel with other outlays, follows necessarily from the acceptance of the entrepreneur point of view; the doctrine is as old as entrepreneurship. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Gary Mongiovi Publisher: Routledge ISBN: 113476507X Category : Business & Economics Languages : en Pages : 353
Book Description
This book explores some of the most important themes in neo-Ricardian economics. It explores the many contributions of Pierangelo Garengnani to modern economics, including his work in capital theory, the theory of effective demand and stability analysis. Contributors include Paul Samuelson, John Eatwell, Murray Milgate, Edward Nell, Alessandro Roncaglia and Ian Steedman.