ABSTRACT
This volume contains a set of chapters written by the two of us, by one of us alone, or by one of us in collaboration with some other co-author, plus a letter to the author by Kenneth Arrow, here published as an appendix to one of the chapters. With the exception of Chapters 2 and 9 all chapters have been previously published. The collection is a follow-up to the 1998 volume with essays from us entitled Understanding ‘Classical’ Economics. Studies in Long-period Theory (Kurz and Salvadori, 1998a). Since the introduction to the latter contains a detailed discussion of what we mean by ‘classical’ economics and why we think it necessary to resurrect the ‘standpoint of the old classical economists from Adam Smith to Ricardo’, we can be brief here. The interested reader is asked to kindly consult our previous book.1 Since several of the chapters reprinted in this volume contain essentially a continuation of arguments developed in chapters published in the previous volume – some directly in response to critics of our work – the reader might find it useful to have also the previous volume at hand when reading this one.
