Keynes, Sraffa and the Criticism of Neoclassical Theory: Essays in Honour of Heinz Kurz (Hardback) book cover

Keynes, Sraffa and the Criticism of Neoclassical Theory

Essays in Honour of Heinz Kurz

Edited by Neri Salvadori, Christian Gehrke

© 2011 – Routledge

464 pages | 40 B/W Illus.

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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 on the occasion of his 65th birthday by bringing together a unique collection of new essays by distinguished economists from around the world.

Keynes, Sraffa, and the Criticism of Neoclassical Theory comprises twenty-three essays, covering themes in Keynesian economic theory, in the development of the modern classical approach to economic theory, linear production models, and the critique of neoclassical theory.

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 Christian Gehrke and Neri Salvadori Part 1: Keynes 2. Kenes's Treatise on Money: The Case for a Rehabilitation Jean Cartelier 3. 'Animal Spirits' in John Maynard Keynes's General Theory of Money: Some Short and Skeptical Remarks Ingo Barens 3. Alterenative Routes of Adjustment of Saving to Investment in the Long Period Man-Seop Park Part 2: Theory of Growth 5. A Simple Model of Path Dependdent Growth with some Keynesian Features Amit Bhaduri 6. Alternative Models of Growth and Distribution with a Simple Formulation of Endogenous Technological Change Amitava Dutt 7. Labour Heterogeneity, Inequality and Institutional Change Peter Skott Part 3: SRAFFA 8. Sraffa and Trinity Jonathan Smith 9. Besicovitch, Sraffa and the Existence of the Standard Commodity Neri Salvadori 10. Sraffa and Long-Period General Equalibirum Duncan Foley 11. Surplus Approach to Value and Distribution and Structural Economic Dynamics: Interpretation and Uses of Sraffa's Analysis Enrico Bellino and Ariel Wirkierman 12. The Production of Customs by Means of Customs Ulrich Krause Part 4: Linear Means of Production 13. Expensive Rent and Multiple Eqilibria Christian Bidard 14. Why are there Negative Input Output Coefficients? The 'Commodity Technology Assumption' Revisited Christian Lager 15. Congergence of a Short-Run Equilibrium to a Long-Run Equilibrium in the Emission Permit Scheme Eiji Hosoda 16. Prices Distorted from a Labour Values Takao Fujimoto and Alejandro Valle Baeza Part 5: Neoclassical Theory and its Critics 17. The Stability of a Competitive Equilibrium: A Belated Rejoinder Takashi Negishi 18. A Sonnet-Divertimento for Heinz Kurz Paul A. Samuelson and Erkko Etula 19. Dominant Firms, Competition-Deterring Investment and Antitrust Policy Mika Kato and Willi Semmler 20. The Market for Saving in the Theory of General Intertemporal Equilibrium Sergio Pattinello 21. Neoclassical Theory: Under-Determined, Over-Determined, Or Unable to Move Harvey Gram 22. On/off Inputs and their Rentals Arrigo Opocher and Ian Steedman 23. Indivisible Inputs and the Probability of Reswitching and Reverse Capital Deepening Fabio Petri. Heinz Kurtz's Publications

About the Editors

Neri Salvadori is Professor of Economics at the University of Pisa.

Christian Gehrke is Professor of Economics at the University of Graz.

About the Series

Routledge Studies in the History of Economics

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Economics / Theory