Themes in Value and Distribution: Classical Theory Reappraised [Paperback]

The essays in this volume, first published in 1989, seek to re-examine an important area of economic theory: value and distribution. In a sustained and analytical critique, two principle methodological approaches are compared and distinguished: the Classical or surplus-based theories and the demand-and-supply-based equilibrium (DSE) theories. Although the essays are primarily concerned with value and distribution, the critique necessarily extends to the theory of output and employment, and in general, to the theory of trade and accumulation. The book will be an invaluable reader for students of economic thought, capital theory and Marxian political economy.

Acknowledgements;  1. Introduction  2. Adam Smiths Political Economy  3. Ricardian Theory and Ricardianism  4. On a Controversy over Ricardos Theory of Distribution  5. Sraffas Ricardo  6. The Subversion of Classical Analysis: Alfred Marshalls Early Writing on Value  7. Marshall on Pigous Wealth and Welfare  8. Maurice Dobbs Critique of Theories of Value of Distribution  9. On Certain Theoretical Issues in Classical Political Economy  10. Sraffas Return to Classical Theory  11. On the Maximum Number of Switches between Two Production Systems  12. On Effective Demand: Certain Recent Critiques  13. Piero Sraffa: The Man and the Scholar  A Tribute;  Index

The essays in this volume, first published in 1989, seek to re-examine an important area of economic theory: value and distribution.  Although the essays are primarily concerned with value and distribution, the critique necessarily extends to the theory of output and employment, and in general, to the theory of trade and accumulation.