' … a most impressive display of economic theory at its best.' History of Political Economy
'As a contribution to contemporary economic theory the volume is extremely successful; virtually every chapter contains something of interest.' Journal of Economic Literature
This book covers a broad range of topics in the history of economics that have relevance to economic theories. The author believes that one of the tasks for a historian of economics is to analyze and interpret theories currently outside the mainstream of economic theory, in this case non-Walrasian economics. By doing so, he argues, new directions and new areas for research can be developed that will extend the current theories. Familiar topics covered include: the division of labor, economies of scale, wages, profit, international trade, market mechanisms, and money. These are considered in the light of the well-known non-Walrasian schools of thought: the classical, Marxian, Austrian, and Cambridge schools.
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Preface; 1. Anti-neoclassical or non-Walrasian economic theories; Part I. Increasing Returns and Diminishing Cost: 2. Adam Smith and increasing returns in a competitive situation; 3. A reconstruction of Smith's doctrine on the natural order of investment; 4. The possibility of a falling rate of profit under diminishing cost; 5. Rehabilitation of Marshall's life-cycle theory to explain diminishing cost; Part II. Wages and Profit: 6. Conditions for the wages fund doctrine and Mill's recantation of it; 7. Marx and exploitationd in production and in circulation; 8. Marx's dichotomy between exploitation and redistribution of surplus products; 9. Böhm-Bawerk and the positive rate of interest in a stationary state; Part III. International Trade and Investment: 10. The role of exporters and importers in classical and Keynesian theories; 11. Ricardo, the natural wage, and international unequal exchange; Part IV. Markets and Money: 12. Jevons, Edgeworth, and the competitive equilibrium of exchange; 13. Menger's Absatz-fähigkeit, a non-Walrasian theory of markets and money; 14. The marshallian foundation of macroeconomic theories; Notes; References; Author index; Subject index.
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This book covers a broad range of topics in the history of economics that have relevance to economic theories.
Produktdetaljer
ISBN
9780521378604
Publisert
1989-03-31
Utgiver
Cambridge University Press
Vekt
330 gr
Høyde
229 mm
Bredde
152 mm
Dybde
13 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
220
Forfatter