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Competition, Value and Distribution in Classical Economics - Studies in Long-Period Analysis (Hardcover)
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Competition, Value and Distribution in Classical Economics - Studies in Long-Period Analysis (Hardcover)
Series: Routledge Studies in the History of Economics
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Drawing in particular on the work of Sraffa, Smith, Ricardo and
Marx, the essays in this volume explore the characteristic features
of the Classical economists' approach to economic problems, and the
renewal of interest in that approach in modern times. In recent
years, new material has been made available on both Sraffa and Marx
which have made new insights and interpretations possible. The
release of Sraffa's hitherto unpublished papers and correspondence
has led to reconsideration of doctrinal questions such as to what
extent Sraffa built upon, or deviated from the analyses of Adam
Smith, David Ricardo and other representatives of the classical
British school and Karl Marx. A major theme is also to what extent
we can today, equipped with Sraffa's insights and analytical tools,
re-interpret and develop ideas of classical authors, which they
could present only in primitive forms, on technological progress,
exhaustible resources and other contemporary issues. On Marx, the
publication of the MEGA2 edition of the works, papers and
correspondence of Marx and Engels also gives rise to a
reconsideration of this relationship, given Marx's disenchantment
with some of his own work and return to ideas advocated by Ricardo,
especially as regards the long-term tendency of the rate of
profits. Finally, the classical notion of competition and monopoly
deserve to be scrutinized carefully again and frequent
misinterpretations in the literature refuted. This volume is vital
reading for scholars of classical economics, Marx and Sraffa, and
the history of economic thought more broadly. It also deals with
issues in the areas of machinery and technical progress, joint
production, and economic development and growth.
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