In the late 1920s Piero Sraffa initiated his scientific project to revive the classical surplus approach to the theory of value and distribution. Since the 1960s Pierangelo Garegnani has played a major role in keeping this project alive, adopting Sraffa's concern with the critique, interpretation and reconstruction of classical theory. This text celebrates Garegnanis achievement and expands upon his work in areas such as: the critique of neoclassical theory; classical political economy and its relationship to marginalism; issues in the theory of production; and the surplus approach and...
In the late 1920s Piero Sraffa initiated his scientific project to revive the classical surplus approach to the theory of value and distribution. Sinc...
In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate. General equilibrium theorists including Michio Morishima, Michael Magill and Martine Quinzii debate strengths, weaknesses and possible futures with leading thinkers such as Herb Gintis, Pierangelo Garegnani and Duncan Foley, who seek to explain the rejection of general equilibrium. Uniquely, none of the contributors portray general...
In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb ...
