Economic Theories in a Non-Walrasian Tradition
Economic Theories in a Non-Walrasian Tradition
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This book covers a broad range of topics in the history of economics that have relevance to economic theories. The author believes that one of the tasks for a historian of economics is to analyze and interpret theories currently outside the mainstream of economic theory, in this case non-Walrasian economics. By doing so, he argues, new directions and new areas for research can be developed that will extend the current theories. Familiar topics covered include: the division of labor, economies of scale, wages, profit, international trade, market mechanisms, and money. These are considered in the light of the well-known non-Walrasian schools of thought: the classical, Marxian, Austrian, and Cambridge schools.
Reviews & endorsements
' … a most impressive display of economic theory at its best.' History of Political Economy
'As a contribution to contemporary economic theory the volume is extremely successful; virtually every chapter contains something of interest.' Journal of Economic Literature
Product details
May 1989Paperback
9780521378604
220 pages
229 × 152 × 13 mm
0.33kg
14 b/w illus. 3 tables
Available
Table of Contents
- Preface
- 1. Anti-neoclassical or non-Walrasian economic theories
- Part I. Increasing Returns and Diminishing Cost:
- 2. Adam Smith and increasing returns in a competitive situation
- 3. A reconstruction of Smith's doctrine on the natural order of investment
- 4. The possibility of a falling rate of profit under diminishing cost
- 5. Rehabilitation of Marshall's life-cycle theory to explain diminishing cost
- Part II. Wages and Profit:
- 6. Conditions for the wages fund doctrine and Mill's recantation of it
- 7. Marx and exploitationd in production and in circulation
- 8. Marx's dichotomy between exploitation and redistribution of surplus products
- 9. Böhm-Bawerk and the positive rate of interest in a stationary state
- Part III. International Trade and Investment:
- 10. The role of exporters and importers in classical and Keynesian theories
- 11. Ricardo, the natural wage, and international unequal exchange
- Part IV. Markets and Money:
- 12. Jevons, Edgeworth, and the competitive equilibrium of exchange
- 13. Menger's Absatz-fähigkeit, a non-Walrasian theory of markets and money
- 14. The marshallian foundation of macroeconomic theories
- Notes
- References
- Author index
- Subject index.
