416 pages | 4 B/W Illus.
Ian Steedman is recognised internationally as one of the leading economic theorists of his time and has made major contributions to the development of economic theory and economic thought, as substantiated by his work on Marx, Sraffa, Marshall, Jevons and Wicksteed. His contributions to economic theory include his work on time, international trade, capital theory and growth and distribution. This collection reflects the wide ranging interests of Ian Steedman and is a tribute to his outstanding contributions.
This edited collection brings together twenty two new essays by distinguished economists from around the world. The papers cover a wide range of topics including; international trade – an area in which Steedman has made significant contributions; Sraffa, the history of economic thought and theoretical papers – including Faustian Agents and market failure in waste production.
The essays in this book will be an invaluable source for economists interested in economic theory or in the evolution of economic thought. It will also be of interest to postgraduate and research students in economic theory and the history of economic thought.
John Vint is Professor of Economics at Manchester Metropolitan University, UK. J. Stanley Metcalfe is Professor of Economics at the University of Manchester, UK. 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. Paul Samuelson is Professor of Economics at the Massachusetts Institute of Technology, USA.
Introduction, Heinz Kurz, Stan Metcalfe, Neri Salvadori, and John Vint, The Significance of Time, 1 Consumption and time: some implications for happiness, Amitava Krishna Dutt, 2 Exploitation takes time, Hillel Steiner, 3 How to give up ‘wrestling with time’: the case of horizontal innovation models, Man-Seop Park, The Theory of International Trade, 4 The notion of national competitiveness in a global economy, Sergio Parrinello, 5 Samuelson, Sraffa and Steedman on comparative advantage, Harvey Gram, 6 Complete specialization in classical economics, Takashi Negishi, 7 Normative trade theory under Gossenian assumptions, Murray C. Kemp, 8 Trade equilibrium amongst growing economies, Heinz Kurz and Neri Salvadori, Sraffian Themes, 9 Families of strongly curved and of nearly linear wages curves: a contribution to the debate about the surrogate production function, Bertram Schefold, 10 ‘Perverse cases’ and the debate on neo-classical theory of distribution: recent contributions on an open issue, Paola Potestio, 11‘Capital Reversals’ in a limited-substitutability technology framework, Erkko Etula, 12 Testing whether the ‘Capital Reversal’ syndrome mandates deadweight loss in competitive intertemporal equilibrium, Paul A. Samuelson, 13 Some notes on the notion of production prices, Alessandro Roncaglia, 14 Sraffa and the labour theory of value: a few observations, Heinz Kurz and Neri Salvadori, 15 On Some Puzzles in Rent Theory, Christian Bidard, 16. Malfunction of a market failure in a transaction of waste – a reason for necessity of an upstream policy in waste management, Eiji Hosoda, History of Economic Thought and Methodology, 17. Piero Sraffa in his family: 1896-1916, Nerio Naldi, 18 Sraffa's great passion: the postmistress, the traveller's guide, the chess-player, and the fair Circassian, Christian Gehrke, 19 Albert Schäffle’s critique of socialism, Geoffrey M Hodgson, 20 Henry Sidgwick and economic socialism, Donald Winch, 21 Does economic growth ultimately lead to a "nobler life"? A comparative analysis of the predictions of Mill, Marshall and Keynes, Arrigo Opocher, 22 On Marshallian evolutionary dynamics, entry and exit, Stan Metcalfe, 23 Collective dynamics of Faustian agents, Ulrich Krause