This book is concerned with issues in classical political economy, particularly that of David Ricardo and Karl Marx, discussing P. H. Wicksteed's work in political economy and his 1884 Jevonian critique of Marx. It focuses on the relations between rationality and altruism.
Table of Contents
1. Heterogeneous labour and 'classical' theory 2. Heterogeneous labour, money wages and Marx's theory 3. On Foreign Trade' 4. Marx on Ricardo 5. Positive profits with negative surplus value 6. Natural prices, differential profit rates and the classical competitive process 7. P.H. Wicksteed's Jevonian critique of Marx 8. Jevons's theory of capital and interest 9. Trade interest versus class interest 10. Rationality, economic man and altruism in P.H. Wicksteed's Common Sense of Political Economy 11. Economic theory and intrinsically non-autonomous preferences and beliefs 12. Time preference, the rate of interest and abstinence from accumulation