Classics and Moderns in Economics: Essays on Nineteenth and by Peter Groenewegen

By Peter Groenewegen

This moment quantity of essays on 19th and 20th century fiscal notion, enhances the 1st and keeps the excessive criteria of scholarship and educational rigour.

Show description

Read Online or Download Classics and Moderns in Economics: Essays on Nineteenth and Twentieth Century Economic Thought PDF

Similar economic history books

Socializing Capital: The Rise of the Large Industrial Corporation in America

The 1st completely sociological inquiry into the increase of company capitalism i do know of, and the main trenchant critique of the present 'efficiency theorists' we're prone to have for it slow. The publication abounds with beautiful insights into the rocky and hugely contingent historical past of the commercial company, heavily argued and extremely good documented.

Farm to Factory: A Reinterpretation of the Soviet Industrial Revolution

To claim that history's maximum monetary experiment--Soviet communism--was additionally its maximum monetary failure is to assert what many reflect on seen. the following, in a startling reinterpretation, Robert Allen argues that the USSR was once some of the most profitable constructing economies of the 20th century. He reaches this provocative end by way of recalculating nationwide intake and utilizing monetary, demographic, and computing device simulation types to deal with the "what if" questions primary to Soviet historical past.

A History of Marxian Economics, Volume II: 1929-1990

The 1st quantity of this serious historical past covers the social, political, and theoretical forces at the back of the advance of Marxian economics from Marx's demise in 1883 till 1929, the yr marking the onset of Stalin's "revolution from above," which for this reason remodeled the Soviet Union right into a smooth superpower.

Additional resources for Classics and Moderns in Economics: Essays on Nineteenth and Twentieth Century Economic Thought

Example text

Marshall 1961: I, 503, cf. 85, 101, n1, 525; 1921: 396–7; 1923: 167) Marshall’s position therefore depends in part on the characteristics he ascribed to Ricardo’s Principles, which in the previous section were shown to be no longer sustainable on the current information about Ricardo’s writing of that book. 10 Last, Marshall demonstrates Ricardo’s awareness of the role of demand and the nature of wants from textual evidence in Ricardo’s Principles. Marshall correctly suggests that Ricardo believed utility to be absolutely essential to value, though not to the measure of value.

Marshall’s drafts for the uncompleted volume on international trade say little about Ricardo’s views on the subject. The few references to his work, all either critical or non-substantial, include brief mentions of Ricardo’s doctrine on gross and net revenue, fixed capital in foreign trade and its effect on employment, and also a historical comment portraying Quesnay and Ricardo as founders of the ‘two first schools of abstract economics’ (Whitaker 1975: II, 61, 99, 85 respectively). : II, 106).

In a more detailed historical framework, Pasinetti (1986) developed this theme further by examining the theory of value as a source of alternative paradigms in economic analysis. These alternative approaches are reflected in the classical labour model focusing on production, and the pure exchange or pure preference model which came into its own in the post-1870s marginalist period. Basing itself in part on Pasinetti’s interpretation of Ricardo and, more generally, the Sraffa-inspired interpretations, this chapter implicitly confronts such interpretations with the influential perspective on Ricardo’s economics by Alfred Marshall, the founder of that Cambridge school of economics of which Pasinetti himself is such a distinguished product.

Download PDF sample

Rated 4.55 of 5 – based on 28 votes