1st Edition

Classical Political Economy and Modern Theory
Essays in Honour of Heinz Kurz





ISBN 9781138807747
Published June 18, 2014 by Routledge
416 Pages

USD $62.95

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Book Description

 Heinz Kurz is recognised internationally as a leading economic theorist and a foremost historian of economic thought. This book pays tribute to his outstanding contributions by bringing together a unique collection of new essays by distinguished economists from around the world.

Classical Political Economy and Modern Theory comprises twenty essays, grouped thematically into five sections. Part I examines political economy and its critique, Part II looks at entrepreneurship, evolution and income distribution, Part III discusses Cambridge, Keynes and macroeconomics, Part IV explores crisis and cycles, whilst Part V is dedicated to personal reminiscences.

The essays in this book will be an invaluable source of inspiration for economists interested in economic theory and in the evolution of economic thought. They will also be of interest to postgraduate and research students specialising in economic theory and in the history of economic thought.

Table of Contents

1. Introduction Ian Steedman and Richard Sturn  Part 1: Political Economy and its Critique  2. Two Concepts of Regulation: Just Prices and the Limits of Pure Economics Richard Sturn  3. Natural Law and the Existence and Optimality of Political Equilibrium John S. Chipman  4. Marx’s Critique of Ricardo’s Theory of Rent: A Re-Assessment Christian Gehrke  5. ‘Neoricardian Theory’ versus Marxian Theory? A Note Pierangelo Garegnani  6. The Empirical Linearity of Sraffa's Critical Output-Capital Ratios Anwar ShaikH  Part 2: Entrepreneurship, Evolution and Income Distribution  7. Entrepreneurship, Risk and Income Distribution in Cantillon’s Essay Tony Aspromourgos  8. Economic Development and Income Distribution: Schumpeter and the Institutionalist Heritage Richard Arena and Alain Raybaut  9. Was Schumpeter Walrasian? Mark Knell  10. Investment and the Evolutionary Theory of Competition J. Stanley Metcalfe  Part 3: Cambridge, Keynes and Macroeconomics  11. The "Elusive Figure Who Hides in the Preface of Cambridge books": An Appraisal of Richard Kahn’s Contributions Maria Cristina Marcuzzo  12. A Patchwork Post-Keynesian/Evolutionary Approach to Income Distribution Alessandro Roncaglia  13. Some Notes about the Relation Between the Distribution of Income and the Distribution of Property Peter Kalmbach  14. Transformational Growth: From a Marshallian Neoclassical System to Keynesian Growth Edward J. Nell  15. On the Concepts of Period and Run in Economic Theory Geoffrey Harcourt  15. Old Swedes on Money and Capital Hans-Michael Trautwein  Part 4: Crisis and Cycles  17. Graphical Representations of Overstone’s Cycle of Trade Daniele Besomi  18. Economics in an Age of Crisis: Lessons from the Past and from the Present Jose Luis Cardoso  19. Cantillon Revisited Antoin Murphy  Part 5: Personal Reminiscences  20. The Privilege of the First, or: Why Does Research Work make Heinz Happy? Hagen Krämer  21. Sraffa at Kiel Harald Hagemann.  Heinz Kurz's Publications

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