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.
|Publisher:||Taylor & Francis|
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Table of Contents
1. Introduction Ian Steedman and Richard Sturn Part I: 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 II: 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 III: 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 IV: 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 V: 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