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Books > History > History of specific subjects > Economic history
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Revisiting Classical Economics - Studies in Long-Period Analysis (Hardcover)
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Revisiting Classical Economics - Studies in Long-Period Analysis (Hardcover)
Series: Routledge Studies in the History of Economics
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The financial crisis and the economic crisis that followed
triggered a crisis in the subject of economics, as it is typically
being taught today especially in macroeconomics and related fields.
A renewed interest in earlier authors, especially the classical
economists from Adam Smith to David Ricardo and John Maynard
Keynes, developed. This book may also be seen as a response to this
interest. What can we learn from the authors mentioned, what we
could not learn from the mainstream? This volume contains a
selection of essays which deepens and widens the understanding of
the classical approach to important problems, such as value and
distribution, growth and technical progress, and exhaustible
natural resources. It is the fourth collection in a row and
reflects an on-going discussion of the fecundity of the classical
approach. A main topic of the essays is a comparison between the
classical approaches with modern theory and thus an identification
of what can be learned by elaborating on the ideas of Smith and
Ricardo and Marx above and beyond and variously in contradiction to
certain mainstream view. Since the work of Piero Sraffa spurred the
revival of classical economic thought, his contributions are dealt
with in some detail. The attention then focuses on economic growth
and the treatment of exhaustible resources within a classical
framework of the analysis.
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