ABSTRACT
This book explores some of the most important themes in neo-Ricardian economics. It explores the many contributions of Pierangelo Garengnani to modern economics, including his work in capital theory, the theory of effective demand and stability analysis. Contributors include Paul Samuelson, John Eatwell, Murray Milgate, Edward Nell, Alessandro Roncaglia and Ian Steedman.
TABLE OF CONTENTS
part I|79 pages
The critique of neoclassical theory
chapter 3|22 pages
Classical and neoclassical short-run prices
A comparative analysis of their intended empirical content
part II|125 pages
Classical political economy and its relation to marginalism
chapter 6|21 pages
Use value and the ‘commercial knowledge of commodities'
Reflections on Aristotle, Savary and the Classics
chapter 7|18 pages
From classical rent theory to marginal productivity theory
The works of F.B.W.Hermann and J.H.von Thünen
chapter 9|21 pages
The notion of the subsistence wage in pre-Smithian classical political economy
Some reflections inspired by the surplus approach
part III|49 pages
Accumulation and technical change in the light of the surplus approach
chapter 13|25 pages
Wicksell after Sraffa
‘Capital arbitrage' and ‘normal’ rates of growth, interest and profits
part IV|22 pages
Issues in the theory of production
part V|31 pages
The surplus approach and economic policy
chapter 16|16 pages
High public debt and inflation
On the ‘disciplinary' view of European Monetary Union
