1st Edition

Interpreting Classical Economics Studies in Long-Period Analysis

By Heinz Kurz, Neri Salvadori Copyright 2007
288 Pages 17 B/W Illustrations
by Routledge

284 Pages 17 B/W Illustrations
by Routledge

288 Pages
by Routledge

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... Read more
Acknowledgements, 1. Interpreting classical economics: studies in long-period analysis – An introduction, PART I: Classical economics and modern theory, 2. Say and Ricardo on value and distribution, 3. Ricardo on agricultural improvements: A note, 4. One theory or two? Walras’s critique of Ricardo, 5. Is Ricardian extensive rent a Nash equilibrium?, PART II: Sraffa’s contributions, 6. Keynes and Sraffa’s ‘Difficulties with J. H. Hollander’: A note on the history of the RES edition of The Works and Correspondence of David Ricardo, 7. “Man from the Moon”: On Sraffa’s objectivism, 8. The agents of production are the commodities themselves: On the classical theory of production, distribution and value, 9. On the collaboration between Sraffa and Besicovitch: The cases of fixed capital and non-basics in joint production, PART III: Linear theory of production: An assessment, 10. Von Neumann, the classical economists and Arrow–Debreu: Some notes, 11. Fund–flow versus flow–flow in production theory: Reflections on Georgescu-Roegen’s contribution, 12. Endogenous growth in a multi-sector economy, Index

Biography

Heinz D. Kurz is Professor of Economics at the University of Graz, Austria. Neri Salvadori is Professor of Economics at the University of Pisa, Italy.

"In this volume Kurz and Salvadori have once again placed both theorists and historians of thought in their debt; this is a highly stimulating set of essays" Ian Steedman, Reader in Economics, Manchester Metropolitan University, UK.

"With this volume on Interpreting Classical Economics Heinz Kurz and Neri Salvadori continue their immensely valuable work in the tradition of reconstructing the approach of the classical economists, and demonstrating the ongoing value of the classical approach for modern economic analysis. As always, they engage with the serious issues, employing the highest levels of analytical and historiographic skill, and all very elegantly presented." Tony Aspromourgos, Professor of Economics, University of Sydney, Australia.