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      Book

      Economic Theory and Economic Thought
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      Book

      Economic Theory and Economic Thought

      DOI link for Economic Theory and Economic Thought

      Economic Theory and Economic Thought book

      Essays in Honour of Ian Steedman

      Economic Theory and Economic Thought

      DOI link for Economic Theory and Economic Thought

      Economic Theory and Economic Thought book

      Essays in Honour of Ian Steedman
      Edited ByJohn Vint, J. Stanley Metcalfe, Heinz D. Kurz, Neri Salvadori, Paul Samuelson
      Edition 1st Edition
      First Published 2009
      eBook Published 30 October 2009
      Pub. Location London
      Imprint Routledge
      DOI https://doi.org/10.4324/9780203863046
      Pages 336
      eBook ISBN 9780203863046
      Subjects Economics, Finance, Business & Industry
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      Vint, J., Metcalfe, J.S., Kurz, H.D., Salvadori, N., & Samuelson, P. (Eds.). (2009). Economic Theory and Economic Thought: Essays in Honour of Ian Steedman (1st ed.). Routledge. https://doi.org/10.4324/9780203863046

      ABSTRACT

      Ian Steedman is recognised internationally as one of the leading economic theorists of his time and has made major contributions to the development of economic theory and economic thought, as substantiated by his work on Marx, Sraffa, Marshall, Jevons and Wicksteed. His contributions to economic theory include his work on time, international trade, capital theory and growth and distribution. This collection reflects the wide ranging interests of Ian Steedman and is a tribute to his outstanding contributions.

      This edited collection brings together twenty two new essays by distinguished economists from around the world. The papers cover a wide range of topics including; international trade – an area in which Steedman has made significant contributions; Sraffa, the history of economic thought and theoretical papers – including Faustian Agents and market failure in waste production.

      The essays in this book will be an invaluable source for economists interested in economic theory or in the evolution of economic thought. It will also be of interest to postgraduate and research students in economic theory and the history of economic thought.

      John Vint is Professor of Economics at Manchester Metropolitan University, UK. J. Stanley Metcalfe is Professor of Economics at the University of Manchester, UK. Heinz D. Kurz is Professor of Economics at the University of Graz, Austria. Neri Salvadori is Professor of Economics at the University of Pisa, Italy. Paul Samuelson is Professor of Economics at the Massachusetts Institute of Technology, USA.

      TABLE OF CONTENTS

      chapter |4 pages

      Introduction

      part |2 pages

      Part I The significance of time

      chapter 1|13 pages

      Consumption takes time: Some implications for happiness

      ByAMITAVA KRISHNA DUTT

      chapter 2|10 pages

      Exploitation takes time

      ByHILLEL STEINER

      chapter 3|17 pages

      How to give up ‘wrestling with time’: The case of horizontal innovation models

      ByMAN - SEOP PARK

      part |2 pages

      Part II The theory of international trade

      chapter 4|20 pages

      The notion of national competitiveness in a global economy

      BySERGIO PARRINELLO

      chapter 5|13 pages

      Samuelson, Sraffa and Steedman on comparative advantage

      ByHARVEY GRAM

      chapter 6|16 pages

      Complete specialization in classical economics

      ByTAKASHI NEGISHI

      chapter 7|8 pages

      Normative trade theory under Gossenian assumptions

      ByMURRAY C . KEMP

      chapter 8|9 pages

      Trade equilibrium among growing economies: some extensions

      ByHEINZ D . KURZ AND NERI SALVADORI

      part |2 pages

      PART III Sraffian themes

      chapter 9|21 pages

      Families of strongly curved and of nearly linear wages curves: a contribution to the debate about the surrogate production function

      ByBERTRAM SCHEFOLD

      chapter 10|23 pages

      “Perverse cases” and the debate on neo-classical theory of distribution: Recent contributions on an open issue

      ByPAOLA POTESTIO

      chapter 11|6 pages

      ‘Capital reversals’ in a limited- substitutability technology framework

      ByERKKO ETULA

      chapter 12|7 pages

      Testing whether the “capital reversal” syndrome mandates deadweight loss in competitive intertemporal equilibrium PAUL A . SAMUELSON

      chapter 13|15 pages

      Some notes on the notion of production prices

      ByALESSANDRO RONCAGLIA

      chapter 14|27 pages

      Sraffa and the labour theory of value: A few observations

      ByHEINZ D . KURZ AND NERI SALVADORI

      chapter 15|18 pages

      On some puzzles in rent theory

      ByCHRISTIAN BIDARD

      chapter 16|21 pages

      Malfunction of a market in a transaction of waste: A reason for the necessity of an upstream policy in waste management

      ByEIJI HOSODA

      part |2 pages

      Part IV History of economic thought and methodology

      chapter 17|26 pages

      Piero Sraffa in his family: 1898 to 1916

      ByNERIO NALDI

      chapter 18|13 pages

      Sraffa’s great passion: The postmistress, the traveller’s guide, the chess- player, and the fair Circassian

      ByCHRISTIAN GEHRKE

      chapter 19|20 pages

      Albert Schäffle’s critique of socialism

      ByGEOFFREY M . HODGSON

      chapter 20|18 pages

      Henry Sidgwick and economic socialism

      ByDONALD WINCH

      chapter 21|16 pages

      Does economic growth ultimately lead to a nobler life? A mathematical formulation of Mill’s stationary state

      ByARRIGO OPOCHER

      chapter 22|24 pages

      On Marshallian evolutionary dynamics, entry and exit

      ByJ . STANLEY METCALFE

      chapter 23|12 pages

      Collective dynamics of Faustian agents

      ByULRICH KRAUSE
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