Interpreting Classical Economics: Studies in Long-Period Analysis

by Kurz; Heinz D.

• ISBN13: 9780415428804
• ISBN10: 0415428807
• Edition: 1st
• Format: Hardcover
• Copyright: 2007-08-20
• Publisher: Routledge

Summary

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). 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 The second part is devoted to Piero Sraffa's contribution, drawing from the economist's hitherto unpublished papers. The final part assesses linear theory of production, concentrating on comparative studies of thecontributions 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, economics growth and the history of economic thought.

Author Biography

Heinz D. Kurz is Professor of Economics at the University of Graz, Austria.

Table of Contents

Contents

Acknowledgements

Interpreting Classical Economics: studies in long-period analysis, an Introduction

Classical Economics and Modern Theory

Say and Ricardo on Value and Distribution

Ricardo on Agricultural Improvements: A Note

One Theory of Two? Walras's Critique of Ricardo

Is Ricardian Extensive Rent a Nash Equilibrium?

Sraffa's Contributions

Keynes and Sraffa's 'Difficulties with J. H. Hollander.": A note on the history of the RES edition of The Works and Correspondence of

"Man from the Moon": On Sraffa's Objectivism

The Agents of Production are the Commodities Themselves: On the Classical Theory of Production, Distribution and Value

On the Collaboration between Sraffa and Besicovitch: The Cases of Fixed Capital and Non-Basics in Joint Production

Linear Theory of Production: An Assessment

Von Neumann, the Classical Economists and Arrow-Debreu: Some Notes

Fund-flow versus Flow-flow in Production Theory: Reflections on Georgescu-Roegen's Contribution

Endogenous Growth in Multi-Sector Economy

Index

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