By Heinz D. Kurz

This assortment bargains a severe review of the printed works of Piero Sraffa, one of many major economists of the 20th century, and their legacy for the economics career. the themes coated discover Sraffa's interpretation of the classical economists; his thought of worth and distribution; his critique of partial and basic neoclassical equilibrium conception; his specialise in the matter of capital; and his critique of Hayek's financial overinvestment idea of the enterprise cycle. particular concerns investigated comprise intertemporal basic equilibrium idea and the capital challenge; the chance of reswitching; Ricardo, Malthus, and the corn version; and the which means and implication of the capital controversy. one of the individuals are some of the world's best scholars of Sraffian economics.

Show description

Read Online or Download Critical Essays on Piero Sraffa's Legacy in Economics PDF

Similar economic theory books

William Jaffe's Essays on Walras

During this publication Dr Walker brings jointly Dr William Jaff? 's essays at the very important and engaging paintings of L? on Walras, the founding father of normal equilibrium research. The essays have been chosen at the foundation in their significance to the Walrasian literature, in that they supply info on Walras's highbrow biography with which we'd rather be unusual or they contribute to the translation and research of his principles.

The Art of Smooth Pasting (Fundamentals of Pure and Applied Economics)

The most mathematical principles are awarded in a context with which economists can be regularly occurring. utilizing a binomial approximation to Brownian movement, the maths is lowered to easy algebra, progressing to a few both basic limits. the place to begin of the calculus of Brownian movement -- "It? 's Lemma" -- emerges through analogy with the economics of risk-aversion.

Elgar Companion to Hayekian Economics

The Elgar better half to Hayekian Economics offers an in-depth therapy of Friedrich August von Hayek's financial idea from his technical economics of the Nineteen Twenties and Nineteen Thirties to his broader perspectives at the spontaneous order of a loose society. Taken jointly, the chapters exhibit proof either one of continuity of notion and of important adjustments in concentration.

One-dot Theory Described, Explained, Inferred, Justified, and Applied

The traditional chinese language students are keen on utilising the Yin and Yang diagram to correlate nearly every little thing. This e-book maintains that culture and makes use of the version to check different non-"dialectical" theories and versions. the most important discovering qua contribution during this book is to show that the 4 diagrams are resembling the BaGua or BaGuaTu (B.

Extra resources for Critical Essays on Piero Sraffa's Legacy in Economics

Sample text

178-97. 139 on Sat May 24 21:47:21 BST 2014. 002 Cambridge Books Online © Cambridge University Press, 2014 24 H. D. Kurz and N. Salvadori Sraffa, P. (1925). 'Sulle relazioni fra costo e quantita prodotta', Annali di Economia, 2, pp. 277-328. English translation by John Eatwell and Alessandro Roncaglia in L. L. ), Italian Economic Papers, Vol. 3, Bologna: II Mulino, 1998, and Oxford: Oxford University Press, 1998, pp. 323-63. Sraffa, P. (1926). 'The Laws of Returns under Competitive Conditions', Economic Journal, 36, pp.

Theory of Production. A Long-Period Analysis, Cambridge, Melbourne and New York: Cambridge University Press. Kurz, H. D. and Salvadori, N. (1997). 'On Critics and Protective Belts', in A. Salanti and E. Screpanti (eds), Pluralism in Economics, Aldershot: Edward Elgar, pp. 232-55. Kurz, H. D. and Salvadori, N. (1998a). Understanding 'Classical' Economics. Studies in Long-Period Theory, London: Routledge. Kurz, H. D. and Salvadori, N. (eds) (1998b). , Aldershot: Edward Elgar. Mainwaring, L. (1984).

P. 71). This variation in the time profile traced by the price of the ageing fixed capital good when the rate of profits changes is exclusively due to the necessity of maintaining the uniformity in price of all items of the commodity irrespective of the age of the fixed capital goods by means of which they are respectively produced. Obviously, the area below such a curve, defined for a particular level of r, is a measure of the aggregate value of a capital stock consisting of n pieces of the durable instrument of uniform age distribution.

Download PDF sample

Rated 4.28 of 5 – based on 20 votes