Heinz D. Kurz

Neri Salvadori

Luigi Pasinetti

Previously published as special issues of The European Journal of the History of Economic Thought and The Review of Political Economy, this volume contains the papers devoted to the life and work of Piero Sraffa. Sraffa was a leading intellectual of the twentieth century. He was brought to Cambridge by John Maynard Keynes and had an important impact on the philosopher Ludwig Wittgenstein. He received the golden medal Söderström of the Swedish Academy of Sciences for his edition of David Ricardo's Works and Correspondence and he is the author of Production of Commodities by Means of Commodities, one of the most often cited book in economics. Using hitherto unpublished material from Sraffa's literary heritage kept at Trinity College, Cambridge, the papers throw new light on the intellectual development of the young Sraffa and correct several of the received views on him and his contribution. Themes covered concern his: objectivism rediscovery and reformulation of the classical theory of value and distribution criticism of Alfred Marshall's analysis relationship with his Cambridge colleagues and friends biography around the time when he left Italy for the UK friendship with Wittgenstein and his impact on the latter's thinking.

Exploring His Unpublished Papers

Piero Sraffa: The Man and the Scholar

Christian Lager

Erik Dietzenbacher

This three-volume reference offers a collection of previously published articles which present some of the most significant theoretical and empirical contributions of leading scholars to multisectoral economic analysis. Volume I (28 articles) discusses the foundations of input-output analysis, dynamic models of analysis, and multisectoral extensions of the multiplier principle; Volume II (23 articles) explores approaches to the modeling of economics and the environment, the analysis of foreign trade, and regional and interregional economic activities; and Volume III (34 articles) examines the methodologies developed for the investigation of economic structures, the various versions of price models, and the problems related to the estimation of input-output data. Each volume contains a name index but no subject index. Annotation copyrighted by Book News, Inc., Portland, OR

Input-output Analysis

Gilbert Faccarello

This unique troika of Handbooks provides indispensable coverage of the history of economic analysis. Edited by two of the foremost academics in the field, the volumes gather together insightful and original contributions from scholars across the world. The encyclopaedic breadth and scope of the original entries will make these Handbooks an invaluable source of knowledge for all serious students and scholars of the history of economic thought.

Schools of Thought in Economics

Handbook on the History of Economic Analysis Volume II

A critical assessment of Sraffa's published works and their legacy for the economics profession.

Critical Essays on Piero Sraffa's Legacy in Economics

In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. Arrow. With a keen eye for how economic insights are acquired, lost, and reborn, Kurz focuses on the dynamic individuals who give old ideas new life and the historical events that provoke different approaches and theories. Over the course of this journey, Kurz explains what Adam Smith meant by the "invisible hand"; how Karl Marx's "law of motion" works in capitalist economies; the roots of the Austrian economists' emphasis on the problems of information, incomplete knowledge, and uncertainty; John Maynard Keynes's principle of effective demand and economic stabilization; and the insights and challenges offered by growth theory, welfare economics, game theory, and more. He concludes with a deft summation of world economists' major concerns today and their critical relation to world events.

A Brief History

Economic Thought

This compelling book contains a comprehensive analytical treatment of the theory of production in a long-period framework. Although the authors take a 'Classical' approach to their subject, the scope of investigation and methods employed should interest all economic theorists. Professors Kurz and Salvadori explore economic systems that are characterised by a particular kind of primary input in the production process, such as different kinds of labour and natural resources. These systems and the corresponding prices can be understood to reflect characteristic features of a capitalist market economy in an ideal way: they express the pure logic of the relationship between value and distribution in an economic system. Specific chapters deal with prices and income distribution, economic growth, joint production, fixed capital, scarce natural resources (both renewable and exhaustible), and heterogeneous labour. The historical origins of the concepts used are also discussed in considerable detail.

A Long-Period Analysis

Theory of Production

José Luís Cardoso

Philippe Steiner

This book brings together leading scholars of the history of economic thought to demonstrate the vitality and richness of a discipline that welcomes both practitioners of intellectual, contextual history, as well as specialists in the historical explanation of the analytical and theoretical dimension of economic science. They shed new light on a variety of themes and problems and move the frontier of knowledge in the areas covered. Economic Analyses in Historical Perspective is presented in three parts. The first deals with French traditions in economics, a field that Gilbert Faccarello has tilled for many years and to which he has made numerous contributions. The second turns to the dissemination and diffusion of economic ideas and theories across national borders, and thus to the European and even global level. Finally, the third part deals with analytical developments in some selected fields of economics: public economics, monetary policy, trade theory and spatial economics. This volume is of great importance to those who study history of economic thought, political economy and monetary economics. The chapters’ centre around the work of Gilbert Faccarello, making this book a fitting tribute to his academic career on the history of economic theory and ideas.

Economic Analyses in Historical Perspective

Ian Steedman

Bertram Schefold

Adriano Birolo

Duncan Foley

This collection brings together significant new contributions to the Sraffa--based theories of production and distribution, from post-Keynesian arguments concerning monetary and macro economics to the history of thought and methodology. All of the authors are well established authorities in their field, and in this book they add stimulating and original pieces of analysis to the contemporary literature. Production, Distribution and Trade is divided into three parts. The first explores analytical issues in production and exchange theory, the second examines Postkeynesian Macroeconomics and the final part includes essays on the history of economic thought and methodology. This collection has been written in honour of Sergio Parrinello and is a fitting tribute to his untiring efforts to stimulate discussion among Classicists, Marxists, Postkeynesians, and Evolutionists. The book is a clear and convincing attempt to prove that an alternative paradigm to mainstream economics is alive and thriving and to argue that these perspectives shed better light on current economic problems, both as diagnosis and in terms of policy conclusions. The book will be of interest to Economics postgraduate students and researchers working in the Classical and Postkeynesian tradition.

Alternative Perspectives

Production, Distribution and Trade

The book provides new vistas on Karl Marx’s political economy, philosophy and politics on the occasion of his 200th birthday. Often using hitherto unknown material from the recently published Marx- Engels Gesamtausgabe (the MEGA2 edition), the contributions throw new light on Marx’s works and activities, the sources he used and the discussions he had, correcting received opinions on his doctrines. The themes dealt with include Marx’s concepts of alienation and commodity fetishism, the labour theory of value and the theory of exploitation, Marx’s studies of capital accumulation and economic growth and his analysis of economic crises and of the labour contract. Novel developments in the reception of his works in France and the UK conclude the volume. This book was originally published as a special issue of The European Journal of the History of Economic Thought.

Heinz D. Kurz

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