Classical Political Economy and Modern

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.

List of illustrations	p. xiv
Contributors	p. xv
Introduction	p. 1
Political economy and its critique	p. 9
Two concepts of regulation: just prices and the limits of pure economics	p. 11
Natural law and the existence and optimality of political equilibrium	p. 39
Marx's critique of Ricardo's theory of rent: a re-assessment	p. 51
Neo-Ricardian theory' versus Marxian theory? A note	p. 85
The empirical linearity of Sraffa's critical output-capital ratios	p. 89
Entrepreneurship, evolution and income distribution	p. 103
Entrepreneurship, risk and income distribution in Cantillon's Essai	p. 105
Economic development and income distribution: Schumpeter and the institutionalist heritage	p. 120
Was Schumpeter Walrasian?	p. 142
Investment in the theory of evolutionary competition	p. 159
Cambridge, Keynes and macroeconomics	p. 183
The 'Elusive figure who hides in the Preface of Cambridge books': an appraisal of Richard Kahn's contributions	p. 185
A patchwork post-Keynesian/evolutionary approach to income distribution	p. 207
Some notes about the relation between the distribution of income and the distribution of property	p. 219
Transformational growth: from a Marshallian neo-classical system to Keynesian growth	p. 230
On the concepts of period and run in economic theory	p. 257
Old Swedes on money and capital	p. 266
Crisis and cycles	p. 287
Graphical representations of Overstone's cycle of trade	p. 289
Economics in an age of crisis: lessons from the past and present	p. 313
Cantillon revisited	p. 330
Reflections and reminiscences	p. 343
The privilege of the first, or: Why does research work make Heinz happy?	p. 345
Sraffa at Kiel	p. 363
Heinz Kurz's publications	p. 379
Index	p. 394
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Classical Political Economy and Modern Theory: Essays in Honour of Heinz Kurz

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