Value, Distribution and Capital

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ISBN: 9780415142779 | 0415142776
Cover: Hardcover
Copyright: 6/28/1999

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This book explores some of the most important themes in neo-Ricardian economics. It explores the many contributions of Pierangelo Garegnani 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 J. Nell, Alessandro Roncaglia and Ian Steedman.

List of contributors

xii

Introduction

(16)

Gary Mongiovi

PART I The critique of neoclassical theory

(88)

Professor Hahn on the `neo-Ricardian' criticism of neoclassical economics

(50)

Fabio Petri

Classical and neoclassical short-run prices: a comparative analysis of their intended empirical content

(24)

Roberto Ciccone

Some deficiencies of Walrasian intertemporal general equilibrium

(12)

John Eatwell

Murray Milgate

PART II Classical political economy and its relation to marginalism

105

(134)

From utilitarianism to marginal utility

107

(15)

Alessandro Roncaglia

Use value and the `commercial knowledge of commodities': reflections on Aristotle, Savary and the Classics

122

(23)

Bertram Schefold

From classical rent theory to marginal productivity theory: the works of F. B. W. Hermann and J. H. von Thunen

145

(20)

Heinz D. Kurz

Social accounting with Adam Smith

165

(16)

Fernando Vianello

The notion of the subsistence wage with pre-Smithian classical political economy: some reflections inspired by the surplus approach

181

(23)

Tony Aspromourgos

Peter Groenewegen

Ricardo and the wages fund

204

(26)

Antonella Stirati

The special thing I learned from Sraffa

230

(9)

Paul A. Samuelson

PART III Accumulation and technical change in the light of the surplus approach

239

(56)

New and old neoclassical growth theory: a critical assessment

241

(25)

Sergio Cesaratto

Wicksell after Sraffa: `capital arbitrage' and `normal' rates of growth, interest and profits

266

(29)

Edward J. Nell

PART IV Issues in the theory of production

295

(24)

Transferable machines with uniform efficiency paths

297

(17)

Neri Salvadori

Vertical integration and `reduction to dated quantities of labour'

314

(5)

Ian Steedman

PART V The surplus approach and economic policy

319

(35)

High public debt and inflation: on the `disciplinary' view of European Monetary Union

321

(18)

Massimo Pivetti

The government sector in the post-Keynesian theory of growth and personal distribution

339

(15)

Carlo Panico

Appendix: Pierangelo Garegnani's publications

354

(4)

Name index

358

(3)

Subject index

361

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Value, Distribution and Capital

Summary

Table of Contents

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Value, Distribution and Capital

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