Neo Ricardian Theory

Neo Ricardian Theory

We have used the latter name for the book due to its large emphasis on Sraffa's work. To understand the main parts of the book only basic algebra and calculus are necessary.

Author: B. Näslund

Publisher: Springer Science & Business Media

ISBN: 9783642463730

Category: Business & Economics

Page: 169

View: 409

During the last fifteen years certain very fundamental aspects of economic theory have been very actively debated. The debate has often been called the Cambridge controversy, since the main parti cipants in the debate come from Cambridge, USA and Cambridge, Eng land. In this debate certain important foundations of economic theory have been criticized which are specifically important for understand ing price formation and income distribution. An important starting point has been Sraffa's extensions of Ricardo's theory and one has therefore sometimes called those neo-Ricardians, who have based themselves on Sraffa's work. We shall deal with some important issues that have been debated, and we shall try to describe a rather complete theoretical construction which will be an alternative to neo-classical theory. A special problem relates to the title of the book and classification of authocs to whom we refer. Perhaps post-Keynesian would sometimes be a better label than neo-Ricardian. We have used the latter name for the book due to its large emphasis on Sraffa's work. To understand the main parts of the book only basic algebra and calculus are necessary.
Categories: Business & Economics

Neo Ricardian Theory

Neo Ricardian Theory

We have used the latter name for the book due to its large emphasis on Sraffa's work. To understand the main parts of the book only basic algebra and calculus are necessary.

Author: Bertil Näslund

Publisher:

ISBN: 3642463746

Category:

Page: 180

View: 796

Categories:

A New Construction of Ricardian Theory of International Values

A New Construction of Ricardian Theory of International Values

This is the first book published in English on the new international value theory, presented by Yoshinori Shiozawa in 2007.

Author: Yoshinori Shiozawa

Publisher: Springer

ISBN: 9789811001918

Category: Business & Economics

Page: 303

View: 487

This is the first book published in English on the new international value theory, presented by Yoshinori Shiozawa in 2007. Shiozawa submitted a solution to the question on international values since Ricardo by constructing a Ricardo–Sraffa model on trading economies with M countries and N commodities including intermediate inputs (normally M N). The new theory is based on the assumption that prices are determined by production costs, which is the property derived from the classical value theory. The papers collected here deal with the following: introducing readers to the new theory; presenting diagrammatic illustrations of the new theory; analysing efficient patterns of specialization allowing intermediate inputs; examining how the new theory gives a new horizon to the Neo-Ricardian trade theory; investigating competitiveness, the long-period method, and potentiality from the perspectives of the new theory; discussing Mill's conversion toward neoclassical revolution; scrutinizing how the concept of comparative advantage has developed and diverged from Ricardo’s trade theory; discussing the purification of Marshall's value theory through Mill’s influence; reviewing the controversies on international values among Japanese economists; considering the value-added trade based on the Ricardian value theory; and lastly giving a mathematical explanation of the definitions and theorems of the new theory./pp
Categories: Business & Economics

Pricing and Growth Neo Ricardian Approach

Pricing and Growth  Neo Ricardian Approach

The student should be able to gain an understanding of the challenges to contemporary neoclassical economics now taking place. The book is appropriate for courses in price theory and national income.

Author: Stanley Bober

Publisher: Routledge

ISBN: 9781315288833

Category: Business & Economics

Page: 164

View: 698

This monograph introduces the student to the neo-Ricardian paradigm in economics. It restores the core of economic reasoning to its classical roots with a focus on production and class distribution, rather than the optimum allocation of scarce resources. As in the neo-Ricardian tradition, the book integrates value theory with growth theory and shows how the accumulation of capital (with its impact on growth and employment) is intertwined with price determination and income distribution. In this perspective, the price setting mechanism is presented within the framework of the "megacorp" world. This leads the author to macroeconomics, the determination of the aggregate price level, and aggregate output. The book discusses basic growth models, savings, and the mechanics of income distribution. The student should be able to gain an understanding of the challenges to contemporary neoclassical economics now taking place. The book is appropriate for courses in price theory and national income.
Categories: Business & Economics

An Introduction to Post Keynesian and Marxian Theories of Value and Price

An Introduction to Post Keynesian and Marxian Theories of Value and Price

This book, first published in 1983, is addressed to economics students, especially to those studying microeconomics or the history of economic thought, and to economists seeking an overview of these issues.

Author: Peter M. Lichtenstein

Publisher: Routledge

ISBN: 9781351965620

Category: Business & Economics

Page: 222

View: 871

Peter M. Lichtenstein believes that any social-economic theory of capitalism must begin with a theory of value and price. Dismissing the neoclassical school, he turns to post-Keynesian and Marxian economics with their coherent and consistent theories of value and price based on concrete objective circumstances. The development of these theories in the author’s aim because he believes that this approach comes much closer than neoclassical theory to capturing the essence of a capitalism economy. This book, first published in 1983, is addressed to economics students, especially to those studying microeconomics or the history of economic thought, and to economists seeking an overview of these issues.
Categories: Business & Economics

Economic Theory and Social Change

Economic Theory and Social Change

Offers a discourse on modelling Man in a social context. This title focuses on economic main-stream theory in its capacity to handle basic problems such as uncertainty, social dynamics and ethics.

Author: Hasse Ekstedt

Publisher: Routledge

ISBN: 9781136948824

Category: Business & Economics

Page: 288

View: 215

This book is a discourse on modelling Man in a social context. Its focus is on economic main-stream theory in its capacity to handle basic problems such as uncertainty, social dynamics and ethics. The point of departure is a systematic critique of the specific methodology of economics and its axiomatic structure. The ultimate aim is to develop an economic theory for a socially sustainable society. Economic Theory and Social Change analyses the foundation of economic market theory in relation to its social implications. On rejecting the axiomatic structure of the market theory Hasse Ekstedt and Angelo Fusari analyse the concept of growth and uncertainty with respect to a more realistic modelling of man, The book also addresses central political problems and their potential solutions, including permanent unemployment, distribution of income, the interaction of real and financial growth, money and the credit system. In seeking objective values to help to obtain a socially sustainable society, the book traces a tentative revision of economic and social thought based on a deepening of some crucial features of modern economies and societies. These features include innovation, the connected flows of uncertainty, entrepreneurship, and their role in fuelling and characterizing economic growth and development. This book will be of interest to postgraduate students and researchers of Economics, particularly to those focussing on Economic Theory and Political Economy.
Categories: Business & Economics

Theories of Income Distribution

Theories of Income Distribution

This book brings together the work of scholars who have written for it independent essays in their areas of particular expertise in the general field of income distribution.

Author: Athanasios Asimakopulos

Publisher: Springer Science & Business Media

ISBN: 9789400926615

Category: Business & Economics

Page: 256

View: 752

This book brings together the work of scholars who have written for it independent essays in their areas of particular expertise in the general field of income distribution. The first eight chapters provide a review of the major theories of income distribution, while the final two are con cerned with problems of empirical estimates and inferences. One of these chapters presents estimates of factor shares in national income in the United States, the United Kingdom and Canada, while the other ex amines how relationships between the size distribution of income and economic development are being investigated. A convenient way of conveying an understanding of how economic theorists have dealt with the distribution of income is to examine separ ately each major approach to this subject. Each contributor was thus assigned a particular approach, or a major theorist. No attempt was made to avoid the apparent duplication that occurs when the same references are examined by different contributors. The reader gains by seeing how the same material can be treated by those looking at it from different perspectives. A chapter each has been devoted to Marx and Marshall.
Categories: Business & Economics

Effective Demand And Income Distribution

Effective Demand And Income Distribution

Considering ideas from various economic paradigms, namely post-Keynesian, neo-Ricardian, and neo-Marxian, this book discusses the importance of money to Keynes's analysis of effective demand and income distribution.

Author: Marc Jarsulic

Publisher: Routledge

ISBN: 9780429698521

Category: Political Science

Page: 188

View: 517

Considering ideas from various economic paradigms, namely post-Keynesian, neo-Ricardian, and neo-Marxian, this book discusses the importance of money to Keynes's analysis of effective demand and income distribution. It also considers the connections between relative prices and income distribution.
Categories: Political Science

Modern Theories of Income Distribution

Modern Theories of Income Distribution

This was shown in the case of the neo-Ricardian theory in Chapter 5. Since the neo-Ricardian framework was essentially that adopted by the critics of the aggregate neoclassical theory (examined in Chapter 4), its flaws could be ...

Author:

Publisher: Macmillan International Higher Education

ISBN: 9781349161942

Category:

Page: 200

View: 681

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Handbook on the History of Economic Analysis Volume III

Handbook on the History of Economic Analysis Volume III

Neo-Ricardian contribution to the theory of non-reproducible resources While a few mainstream economists have contributed to the theory of exhaustible resources, extending and generalizing the Hotelling rule, alternative theories of ...

Author: Gilbert Faccarello

Publisher: Edward Elgar Publishing

ISBN: 9781785365065

Category: Business & Economics

Page: 672

View: 336

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.
Categories: Business & Economics

Value Distribution and Capital

Value  Distribution and Capital

This book explores some of the most important themes in neo-Ricardian economics.

Author: Gary Mongiovi

Publisher: Routledge

ISBN: 9781134765072

Category: Business & Economics

Page: 352

View: 688

This book explores some of the most important themes in neo-Ricardian economics. It explores the many contributions of Pierangelo Garengnani to modern economics, including his work in capital theory, the theory of effective demand and stability analysis. Contributors include Paul Samuelson, John Eatwell, Murray Milgate, Edward Nell, Alessandro Roncaglia and Ian Steedman.
Categories: Business & Economics

Equilibrium and Economic Theory

Equilibrium and Economic Theory

This book considers the treatment of equilibrium by several of the most important schools of thought in economics, including: * neoclassical economics, * the neo-Ricardian economics, * Post-Keynesian economics - both those who follow Joan ...

Author: Giovanni Alfredo Caravale

Publisher: Routledge

ISBN: 9781134764365

Category: Business & Economics

Page: 216

View: 278

This book considers the treatment of equilibrium by several of the most important schools of thought in economics, including: * neoclassical economics, * the neo-Ricardian economics, * Post-Keynesian economics - both those who follow Joan Robinson in denying any interpretative role to equilibrium in economic theorizing and those who use the notion of equilibrium, but re-defined from a Classical or Keynesian perspective.
Categories: Business & Economics

Following Marx

Following Marx

Not only did the neo-Ricardian critique essentially disappear from the horizon (without its criticism ever being answered) but neoclassical theory proceeded to develop a macroeconomics once again rooted in its microeconomic theory.

Author: Michael A. Lebowitz

Publisher: BRILL

ISBN: 9789004149427

Category: Political Science

Page: 370

View: 382

Combining Marxa (TM)s focus upon the totality (and its appearance as capitals in competition) with specific applications in political economy, "Following Marx" demonstrates how the failure to understand Marxa (TM)s method has led astray many who consider themselves Marxists.
Categories: Political Science