Value, Distribution and Capital

by Mongiovi; Gary

• ISBN13: 9780415142779
• ISBN10: 0415142776
• Edition: 1st
• Format: Hardcover
• Copyright: 1999-06-28
• Publisher: Routledge

Summary

This book explores some of the most important themes in neo-Ricardian economics. It explores the many contributions of Pierangelo Garegnani 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 J. Nell, Alessandro Roncaglia and Ian Steedman.

Table of Contents

List of contributors	xii
Introduction	1	(16)
Gary Mongiovi
PART I The critique of neoclassical theory	17	(88)
Professor Hahn on the `neo-Ricardian' criticism of neoclassical economics	19	(50)
Fabio Petri
Classical and neoclassical short-run prices: a comparative analysis of their intended empirical content	69	(24)
Roberto Ciccone
Some deficiencies of Walrasian intertemporal general equilibrium	93	(12)
John Eatwell
Murray Milgate
PART II Classical political economy and its relation to marginalism	105	(134)
From utilitarianism to marginal utility	107	(15)
Alessandro Roncaglia
Use value and the `commercial knowledge of commodities': reflections on Aristotle, Savary and the Classics	122	(23)
Bertram Schefold
From classical rent theory to marginal productivity theory: the works of F. B. W. Hermann and J. H. von Thunen	145	(20)
Heinz D. Kurz
Social accounting with Adam Smith	165	(16)
Fernando Vianello
The notion of the subsistence wage with pre-Smithian classical political economy: some reflections inspired by the surplus approach	181	(23)
Tony Aspromourgos
Peter Groenewegen
Ricardo and the wages fund	204	(26)
Antonella Stirati
The special thing I learned from Sraffa	230	(9)
Paul A. Samuelson
PART III Accumulation and technical change in the light of the surplus approach	239	(56)
New and old neoclassical growth theory: a critical assessment	241	(25)
Sergio Cesaratto
Wicksell after Sraffa: `capital arbitrage' and `normal' rates of growth, interest and profits	266	(29)
Edward J. Nell
PART IV Issues in the theory of production	295	(24)
Transferable machines with uniform efficiency paths	297	(17)
Neri Salvadori
Vertical integration and `reduction to dated quantities of labour'	314	(5)
Ian Steedman
PART V The surplus approach and economic policy	319	(35)
High public debt and inflation: on the `disciplinary' view of European Monetary Union	321	(18)
Massimo Pivetti
The government sector in the post-Keynesian theory of growth and personal distribution	339	(15)
Carlo Panico
Appendix: Pierangelo Garegnani's publications	354	(4)
Name index	358	(3)
Subject index	361