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The Scope And Method Of Political Economy In The Light Of The Marginal Theory Of Distribution
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Book Synopsis The Marginal Productivity Theory of Distribution by : John Pullen
Download or read book The Marginal Productivity Theory of Distribution written by John Pullen and published by Routledge. This book was released on 2009-06-26 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Marginal Productivity Theory of Distribution (MPTD) claims that in a free-market economy the demand for a factor of production will depend upon its marginal product – where "marginal product" is defined as the change in total product that is caused by, or that follows, the addition or subtraction of the marginal unit of the factor used in the production process, with all other inputs held constant. From its inception in the early nineteenth century the MPTD has been claimed by some economists to be a solution to the ethical problem of distributive justice, i.e. to be a means of determining fairness in wages, profits, interest and rent. Other economists have rejected this ethical claim, but have seen the MPTD as a valid demand-side criterion in the determination of equilibrium and efficiency. This book argues that the MPTD is valid, neither as a normative theory of social justice, nor as a positive law of economics. It suggests that economics is yet to develop a satisfactory theory of distribution that is scientific in the quantitative or mathematical sense. Through a survey of the origin and subsequent evolution of the MPTD in the writings of over 50 contributors over 150 years, John Pullen presents a critical history of the concept. The book begins by examining the conceptual tools that have been deployed to facilitate this analysis of past contributions to the MPTD and then looks at various economists and their contribution to the debate including its supporters such as Wicksteed, Marshall, Wicksell and Stigler, and its critics such as Pareto, Hobson, Edgeworth, Adriance and Cassel.
Book Synopsis Economic Science and Political Economy by : Lionel Robbins
Download or read book Economic Science and Political Economy written by Lionel Robbins and published by Springer. This book was released on 1997-08-04 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lionel Robbins, Professor of Economics at the London School of Economics, 1929-61, was the foremost British economist of his generation as well as being an influential public figure. Although he wrote many articles and books on economic theory, on contemporary issues of economic policy and in the history of economics, many of his academic articles, especially his early ones, have not been reprinted. This volume contains a selection of his major and most influential articles, in theory, policy and history.
Book Synopsis The Commonsense of Political Economy by : Philip H. Wicksteed
Download or read book The Commonsense of Political Economy written by Philip H. Wicksteed and published by Routledge. This book was released on 2014-04-04 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is Volume XXI of twenty-three in a collection on the History of Economic Thought. Originally published in 1933, this volume offers selected papers and reviews on economic theory as a second volume of two.
Download or read book J.R. McCulloch written by D. P. O'Brien and published by Routledge. This book was released on 2013-10-16 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is one of the first complete surveys of McCulloch's work, and it shows his thought to have been far more complex and comprehensive than has previously been realized.
Book Synopsis Report of the Annual Meeting by : British Association for the Advancement of Science. Meeting
Download or read book Report of the Annual Meeting written by British Association for the Advancement of Science. Meeting and published by . This book was released on 1914 with total page 1028 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Common Sense of Political Economy by : Philip H. Wicksteed
Download or read book The Common Sense of Political Economy written by Philip H. Wicksteed and published by Psychology Press. This book was released on 2003-06-05 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2003. Routledge is an imprint of Taylor & Francis, an informa company.
Book Synopsis Alfred Marshall by : John Cunningham Wood
Download or read book Alfred Marshall written by John Cunningham Wood and published by Taylor & Francis. This book was released on 1996 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Report of the Annual Meeting by : British Association for the Advancement of Science
Download or read book Report of the Annual Meeting written by British Association for the Advancement of Science and published by . This book was released on 1914 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Methodological Individualism by : Lars Udehn
Download or read book Methodological Individualism written by Lars Udehn and published by Routledge. This book was released on 2002-11-01 with total page 907 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the history of social thought, there has been a constant battle over the true nature of society, and the best way to understand and explain it. This volume covers the development of methodological individualism, including the individualist theory of society from Greek antiquity to modern social science. It is a comprehensive and systematic treatment of methodological individualism in all its manifestations.
Book Synopsis The Theory of Value and Distribution in Economics by : Pierangelo Garegnani
Download or read book The Theory of Value and Distribution in Economics written by Pierangelo Garegnani and published by Routledge. This book was released on 2012-08-21 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new volume explores two alternative economic theories – the classical theory and the marginalist or neoclassical theory- through a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson. The key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a ‘classical’ approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani argues for the validity of Piero Sraffa’s position on this issue, whilst the late noble laureate Paul Samuelson vehemently contests it. At a time of economic crisis, the future of the discipline is far from certain, and so it is extremely important to bring these debates back into the light, by reproducing them together for the first time. A comprehensive introduction by Heinz Kurz sets the debate in this context, and provides crucial background to the arguments.
Book Synopsis Great Austrian Economists, The by : Randall G. Holcombe
Download or read book Great Austrian Economists, The written by Randall G. Holcombe and published by Ludwig von Mises Institute. This book was released on 1999 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Ancient and Medieval Economic Ideas and Concepts of Social Justice by : Barry Gordon
Download or read book Ancient and Medieval Economic Ideas and Concepts of Social Justice written by Barry Gordon and published by BRILL. This book was released on 2023-03-20 with total page 621 pages. Available in PDF, EPUB and Kindle. Book excerpt: On March 17, 2015, Brill was informed that the article by Francisco Gómez Camacho S. J., "Later Scholastics: Spanish Economic Thought in the XVIth and XVIIth Centuries," in Ancient and Medieval Economic Ideas and Concepts of Social Justice, ed. S. Todd Lowry and Barry Gordon (Leiden: Brill, 1998), pp. 503-561 suffers from serious citation problems and that in some cases the original sources are never mentioned at all. It goes without saying that Brill strongly disapproves of such practices, which represent a serious breach of publication integrity. Brill condemns any violation of the authors' rights and the copyrights of the publishers, and distances itself from these practices. As a result Brill cannot stand behind the noted material as originally contained in this volume and for these reasons formally retracts the article by Francisco Gómez Camacho and also the volume. The volume will no longer be available in its current form. (Blurb: 13 scholars contribute to this survey of past discussions of the workings of economic structures and of justice in interpersonal relations, cultural institutions and the social order. They investigate the sources in each historic period from the world of the Old Testament and the ancient Greeks through to Spanish scholasticism and its offshoots in the Spanish Americas of the 18th century and relate the ideas of writers from the past to modern discussions.)
Book Synopsis Journal of the Royal Statistical Society by : Royal Statistical Society (Great Britain)
Download or read book Journal of the Royal Statistical Society written by Royal Statistical Society (Great Britain) and published by . This book was released on 1914 with total page 1070 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published papers whose appeal lies in their subject-matter rather than their technical statistical contents. Medical, social, educational, legal,demographic and governmental issues are of particular concern.
Book Synopsis A Reflection on Sraffa’s Revolution in Economic Theory by : Ajit Sinha
Download or read book A Reflection on Sraffa’s Revolution in Economic Theory written by Ajit Sinha and published by Springer Nature. This book was released on 2021-06-02 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a substantial collection of essays from a wide range of well respected scholars addressing several aspects of Piero Sraffa’s economics in light of continuing controversies over the interpretation that should be placed on his work. It moves beyond extant scholarship with an added emphasis on the philosophical dimension of Sraffa’s seminal work, Production of Commodities by Means of Commodities. Contributors probe new ways of thinking about the political economy of Sraffa and in doing so, alongside the comments to each contribution by other scholars, provide a cutting edge debate and discussion on non-mainstream economic theory. This book will be of interest to academics and advanced graduate students in economics, with additional interest from scholars in philosophy and the methodology of science.
Book Synopsis The Evolution of Modern Economic Theory by : Lord Robbins
Download or read book The Evolution of Modern Economic Theory written by Lord Robbins and published by Springer. This book was released on 1970-06-18 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Evolution of Modern Economic Theory by : Carl Cone
Download or read book The Evolution of Modern Economic Theory written by Carl Cone and published by Routledge. This book was released on 2017-09-29 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long paper which gives the title to this collection and which has never before been published as paperback was initially an attempt to promote international academic understanding. The Economics Department at the London School of Economics had arranged a colloquy between two groups of Russian and British economists; and where the author asked to contribute a general survey of the present state of economic theory as taught in Western centers. For reasons, which are explained in the opening section, the author decided to adopt an historical approach; and the notes on which the present paper is based were the result.The remainders of the papers have as their common denominator a continuing interest in the history of economic thought. Beginning with a lengthy critique of Schumpeter's magisterial History of Economic Analysis, they range from an appraisal of Bentham's continuing relevance to a review of Robertson's Lectures on Economic Principles, with some special attention to John Stuart Mill both as a human being and as an economist. They have been written at various times in the last thirty-five years; and minute scrutiny, if such were thought to be worthwhile--which of course it is not--might detect some variations of emphasis, particularly perhaps in the implicit valuations of Marshall and his contribution, in the papers on Wicksteed and Schumpeter's History respectively. But in spite of a certain shift of perspective here, the author thought it worthwhile to attempt substantial redrafting.Apart from the correction of obvious inelegances or actual errors, the excision of some duplicating quotations and, in a few cases, the addition of supplementary material and references, the papers are reproduced as originally written. In each instance the author has given footnote acknowledgements of the place of original publication.
Book Synopsis The Evolution of Modern Economic theory by : Lionel Robbins Baron Robbins
Download or read book The Evolution of Modern Economic theory written by Lionel Robbins Baron Robbins and published by Transaction Publishers. This book was released on with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
