Download or read book Marxian Political Economy written by Bob Milward and published by Palgrave Macmillan. This book was released on 2000 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text deals with the distinctive method of Marx's political economy, with an emphasis on it's origins. It applies this method to key contemporary issues such as unemployment, globalization and the crisis of the welfare state.
Download or read book Criticisms of Classical Political Economy written by Gilles Campagnolo and published by Routledge. This book was released on 2012-08-06 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of the German Historical School and of Carl Menger (founder of the Austrian School) is appraised in this new book. This important period of the history of economics is vital to understand how the discipline developed over the next half-century. Gilles Campagnolo has produced an impressive original work which makes use of rarely seen research by Carl Menger and as such this book will be of interest across several discplines, including history of economic thought, economic methodology, philosophy of science and the history of ideas.
Download or read book Relevance Concepts Criticisms and Limitations of Classical Economic Theory written by Bortolina Habtamu and published by GRIN Verlag. This book was released on 2024-03-26 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2024 in the subject Business economics - Miscellaneous, Addis Ababa University (Business and Economics), course: development theory, language: English, abstract: The classical school of economic thought began taking shape in the late 18th century, led by Scottish philosopher Adam Smith. In his groundbreaking book The Wealth of Nations published in 1776, Smith introduced several foundational concepts that came to define early classical theory. He observed the immense productive gains achieved through the division of labor in a pin factory, recognizing specialization as a primary driver of economic progress (Smith, 1776). Moreover, Smith theorized his famous metaphor of the "invisible hand”, suggesting that through unhindered individual self-interest and competition in a free market, social welfare is indirectly maximized (Smith, 1776). In the early 19th century, English political economist David Ricardo built significantly upon Smith's foundations. His 1817 work On the Principles of Political Economy and Taxation proposed the influential labor theory of value. Ricardo argued that the cost of production, and therefore the true value, of a good or service is determined by the quantity of labor required to produce it (Ricardo, 1821). He also formulated the principle of comparative advantage to explain patterns of international trade. During this period, Reverend Thomas Malthus published his Essay on the Principle of Population in 1798. In it, he contended that human populations tended to grow at a faster rate than the food supply, potentially resulting in recurrent famines unless checks like disease, war, or birth control intervene (Malthus, 1798 ).
Download or read book Classical Political Economy written by William O. Thweatt and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: William O. Thweatt This book is the second in three surveys of the literature in the history of economic thought in the Kluwer Recent Economic Thought series. The first book, covering the pre-classical literature, has already been published; a third, on the neo-c1assical period, is planned for 1988. This middle book surveys the writings on classical political economy for the past 30 years, or roughly since the publication of Joseph Schumpeter's 1954 monumental History of Economic Analysis. Shortly after World War II, the American Economic Association spon sored a Survey of Contemporary Economics [1949]. That work covered 13 subdisciples of economics, and in 1952 a companion piece appeared in which surveys of 10 additional subdisciples were presented. As Bernard Haley, editor of the second volume, stated, even "though in the two volumes twenty-three fields have been treated ... there remain some aspects of the subject ... that have not been reviewed" [Haley, 1952, p. v].
Download or read book Political Economy Past and Present written by Lionel Robbins Baron Robbins and published by London : Macmillan. This book was released on 1976 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Critique Of The Political Economy written by Karl Marx and published by e-artnow. This book was released on 2019-06-03 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Critique Of The Political Economy" is an analysis of capitalism and quantity theory of money, achieved by critiquing the writings of the leading theoretical exponents of capitalism at that time: these were the political economists, nowadays often referred to as the classical economists; Adam Smith and David Ricardo. Contents: Commodities Notes on the History of the Theory of Value Money or Simple Circulation The Measure of Value Theories of the Unit of Measure of Money The Medium of Circulation The Metamorphosis of Commodities The Circulation of Money Coin and Symbols of Value Money Hoarding Means of Payment World Money The Precious Metals Theories of the Medium of Circulation and of Money Introduction to the Critique of Political Economy Production in General The General Relation of Production to Distribution, change, and Consumption The Method of Political Economy Production, Means of Production, and Conditions of Production
Download or read book Classical Political Economics and Modern Capitalism written by Lefteris Tsoulfidis and published by Springer Nature. This book was released on 2019-09-05 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx, while also operationalizing more recent theoretical developments inspired by the works of Sraffa and other modern classical economists, using actual data from major economies. On the basis of this approach, the book subsequently provides alternative explanations for various microeconomic issues such as the determination of equilibrium prices and their movement induced by changes in income distribution; the dynamics of competition of firms within and between industries; the law of tendential equalization of interindustry profit rates; and international exchanges and transfers of value; as well as macroeconomic issues concerning capital accumulation and cyclical economic growth. Given its scope, the book will benefit all researchers, students, and policymakers seeking new explanations for observed phenomena and interested in the mechanisms that give rise to surface economic categories, such as prices, profits, the unemployment rate, interest rates, and long economic cycles.
Download or read book Interpreting Classical Economics written by Heinz Kurz and published by Routledge. This book was released on 2007-07-12 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2007. This book is the third volume of previously published essays from Heinz D. Kurz and Neri Salvadori, following Understanding Classical Economics (1998) and Classical Economics and Modern Theory (2003), both published by Routledge. This new collection can be read in isolation but perhaps more fruitfully in conjunction with the previous texts, providing modern interpretations of the classical economists and comparing their analyses with that of contemporary mainstream economics. The essays in the new volume are split between three parts, the first section dealing with classical economics and modern theory focusing specifically on the differences in the analytical structure and content of the theory of value and distribution of Ricardo, on the one hand, and Say and Walras, on the other. The second part is devoted to Piero Sraffa’s contribution, drawing from his hitherto unpublished papers. The final part assesses linear theory of production, concentrating on comparative studies of the contributions of von Neumann, Arrow-Debreu, Georgescu-Roegen and Sraffa. This new volume will be of interest to economic theorists and methodologists in Europe, Asia and America and particularly academics and researchers engaged with theories of production, value, distribution, economic growth and the history of economic thought.
Download or read book Law of Value and Theories of Value written by Tiago Camarinha Lopes and published by BRILL. This book was released on 2022-01-21 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Law of Value and Theories of Value, Tiago Camarinha Lopes presents the genesis of Karl Marx’s understanding of the law of value by showing that Classical and Neoclassical economics are equally hit by Marx’s Critique of Political Economy.
Download or read book Classical Political Economy and Rise to Dominance of Supply and Demand Theories written by Krishna Bharadwaj and published by . This book was released on 1986 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Classical Political Economy and Modern Theory written by Neri Salvadori and published by Routledge. This book was released on 2013-06-17 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 by bringing together a unique collection of new essays by distinguished economists from around the world. 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.
Download or read book Henryk Grossman Works Volume 1 written by Henryk Grossman and published by BRILL. This book was released on 2018-11-26 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection includes texts by Henryk Grossman that are primarily concerned with economic theory: monographs, articles, essays, letters and manuscript material. Many have never been published in English before, some in any language. The first in four volumes of Grossman's works, it provides the basis for a deeper understanding of Grossman's contributions to Marxist economic theory and critique of bourgeois economics. Rick Kuhn's introduction explains the contexts in which the texts were written and establishes their contemporary relevance.
Download or read book Economic Studies Routledge Revivals written by David P. Levine and published by Routledge. This book was released on 2013-01-11 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1977, David Levine's Economic Studies offers a critique and reconstruction of the theoretical conception of economic life. The premise of the study is that only an investigation of the system of elementary economic relations - value, capital, production - can overcome the confusion and misdirection which baffles progress in all areas of economic theory, and lay the foundation for further development of economic science. Levine discusses both the origins of economic science and the character of contemporary economic thought. He presents a critique of the ideas of classical political economy and of the notion of a 'labor theory of value' which excludes the possibility of a science of economic relations.
Download or read book The Rise of Political Economy as a Science written by Deborah A Redman and published by MIT Press. This book was released on 2003-01-01 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews the epistemological ideas that inspired the classical economists: the methodological principles of Bacon, Descartes, Hobbes, Newton, Locke, Hume, Stewart, Herschel, and Whewell. The classical age of economics was marked by an intense interest in scientific methodology. It was, moreover, an age when science and philosophy were not yet distinct disciplines, and the educated were polymaths. The classical economists were acutely aware that suitable methods had to be developed before a body of knowledge could be deemed philosophical or scientific. They did not formulate their methodological views in a vacuum, but drew on a rich collection of philosophical ideas. Consequently, issues of methodology were at the heart of political economys rise as a science. The classical era of economics opened under Adam Smith with political economy understood as an integral part of a broader system of social philosophy; by the end, it had emerged via J. S. Mill as a "separate science", albeit one still inextricably tied to the other social sciences and to ethics. The Rise of Political Economy as a Science opens with a review of the epistemological ideas that inspired the classical economists: the methodological principles of Bacon, Descartes, Hobbes, Newton, Locke, Hume, Stewart, Herschel, and Whewell. These principles were influential not just in the development of political economy, but in the rise of social science in general. The author then examines science in eighteenth- and nineteenth-century Britain, with a particular emphasis on the all-important concept of induction. Having laid the necessary groundwork, she proceeds to a history and analysis of the methodologies of four economist-philosophers—Adam Smith, Robert Malthus, David Ricardo, and J. S. Mill—selected for their historical importance as founders of economics and for their common Scottish intellectual lineage. Concluding remarks put classical methodology into a broader historical perspective.
Download or read book Globalization and the Critique of Political Economy written by Lucia Pradella and published by Routledge. This book was released on 2014-11-27 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The nature of the contemporary global political economy and the significance of the current crisis are a matter of wide-ranging intellectual and political debate, which has contributed to a revival of interest in Marx’s critique of political economy. This book interrogates such a critique within the broader framework of the history of political economy, and offers a new appreciation of its contemporary relevance. A distinctive feature of this study is its use of the new historical critical edition of the writings of Marx and Engels (MEGA2), their partially unpublished notebooks in particular. The sheer volume of this material forces a renewed encounter with Marx. It demonstrates that the international sphere and non-European societies had an increasing importance in his research, which developed the scientific elements elaborated by Marx’s predecessors. This book questions widespread assumptions that the nation-state was the starting point for the analysis of development. It explores the international foundations of political economy, from mercantilism to Adam Smith and David Ricardo and to Hegel, and investigates how the understanding of the international political economy informs the interpretations of history to which it gave rise. The book then traces the developments of Marx’s critique of political economy from the early 1840s to Capital Volume 1 and shows that his deepening understanding of the laws of capitalist uneven and combined development allowed him to recognise the growth of a world working class. Marx’s work thus offers the necessary categories to develop an alternative to methodological nationalism and Eurocentrism grounded in a critique of political economy. This book is essential reading for anyone interested in the development of Marx’s thought and in the foundations of International Political Economy.
Download or read book Marx s Capital Routledge Revivals written by Geoffrey Pilling and published by Routledge. This book was released on 2009-12-16 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marx’s Capital has of course been widely read; this revival of a systematic study by Geoffrey Pilling, originally published in 1980, argues powerfully that, in order to understand Capital fully, it is necessary to have read and understood Hegel’s Logic. This argument leads to a detailed examination of the opening chapters of Capital, and a re-examination of their significance for the work as a whole. Pilling emphasizes the fundamental nature of the break between Marx’s Capital and all forms of classical political economy, and stresses the revolutionary nature of Marx’s critique of political economy as one of the foundations of Capital. He also lays particular emphasis on the philosophical aspects of the work, so often neglected by British commentators, and puts forward the view that Marx’s notion of fetishism, often looked upon as incidental to his work, is in fact central to his entire critique of political economy.
Download or read book A Review of Economic Theory written by Edwin Cannan and published by Routledge. This book was released on 2016-11-10 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though Cannan, in his early years as an economist, was a critic of classical economics and an ally of interventionists, he moved sharply to the side of classical liberalism in the early 20th century. In this book, originally published in 1929 Edwin Cannan discussed in comparative terms the general problems of economics and in particular the theories of production, value and distribution and the attempts that had been made to solve them. Examining key principles of economics in historical terms, the author draws his own conclusions only after a full discussion of various viewpoints.