The classical approach to economic problems, which can be traced back to Adam Smith and David Ricardo, has been revived in recent years. The essays in this collection argue that this classical approach holds the key to an explanation of important present-day economic phenomena. The study opens with a clarification of what is meant by classical economics and examines how modern methods of economic analysis are related to the works of the classical economists. Chapters deal with the problem of economic growth and foreign trade. Contributors attempt to show that both the von Neumann growth model...

In this thought-provoking book, well known economists Kurz and Salvadori cover original findings and new vistas on old problems. They cover:

• alternative interpretations of classical economists
• new growth theory
• the relationship between Sraffian theory and Von Neumann
• the treatment of capital in neoclassical long-period theory.

Incorporating cutting-edge research and new work, this book will be of great interest to those working in the field of the history of economic thought.

In this thought-provoking book, well known economists Kurz and Salvadori cover original findings and new vistas on old problems. They cover:

• alternative interpretations of classical economists
• new growth theory
• the relationship between Sraffian theory and Von Neumann
• the treatment of capital in neoclassical long-period theory.

Incorporating cutting-edge research and new work, this book will be of great interest to those working in the field of the history of economic thought.

This book contains a comprehensive treatment of the theory of production in a long-period framework. The issues dealt with include prices and income distribution, economic growth, joint production, fixed capital, scarce natural resources (both renewable and exhaustible), and heterogeneous labor. The issues are treated analytically; in addition, the book's introduction provides a history of the subject.

This book contains a comprehensive treatment of the theory of production in a long-period framework. The issues dealt with include prices and income distribution, economic growth, joint production, fixed capital, scarce natural resources (both renewable and exhaustible), and heterogeneous labor. The issues are treated analytically; in addition, the book's introduction provides a history of the subject.

The 'classical' approach to economic problems, which can be traced back to Adam Smith and David Ricardo, has seen a remarkable revival in recent years. The essays in this collection argue that this approach holds the key to an explanation of important present day economic phenomena. Focusing on the analytical potentialities of classical economics, the contributors illustrate how an important element of understanding its approach consists of developing and using its explanatory power.

First Published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.

The financial crisis and the economic crisis that followed triggered a crisis in the subject of economics, as it is typically being taught today especially in macroeconomics and related fields. A renewed interest in earlier authors, especially the classical economists from Adam Smith to David Ricardo and John Maynard Keynes, developed. This book may also be seen as a response to this interest. What can we learn from the authors mentioned, what we could not learn from the mainstream? This volume contains a selection of essays which deepens and widens the understanding of the classical approach...

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.

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 on the occasion of his 65^th birthday by bringing together a unique collection of new essays by distinguished economists from around the world.

Keynes, Sraffa, and the Criticism of Neoclassical Theory comprises twenty-three essays, covering themes in Keynesian economic theory, in the development of the modern classical approach to economic theory, linear production models, and the critique of...