A collection of essays, this book spans Marxian and Sraffian
economics on the one hand and institutional economics on the other.
Recent events in eastern Europe have underlined the limitations of
Marxian economic and political theory. Hodgson subjects Marxian
economic theory to critical examination and shows which elements
retain their modern relevance. After considering the contribution
of Sraffa's work and indicating both its critical potential and
theoretical limitations, he points to a new synthesis which
embraces Marx, Keynes and Veblen.
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