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Author: Rory O'Donnell Publisher: Springer ISBN: 1349109088 Category : Business & Economics Languages : en Pages : 288
Book Description
This book looks at the value and distribution debates on the theories of Adam Smith. A variety of the aspects of his work are covered in this book such as his labour command measure, as are a number of interpretations and criticisms.
Author: Rory O'Donnell Publisher: Springer ISBN: 1349109088 Category : Business & Economics Languages : en Pages : 288
Book Description
This book looks at the value and distribution debates on the theories of Adam Smith. A variety of the aspects of his work are covered in this book such as his labour command measure, as are a number of interpretations and criticisms.
Author: Maurice Dobb Publisher: Cambridge University Press ISBN: 9780521099363 Category : Business & Economics Languages : en Pages : 308
Book Description
Mr Dobb examines the history of economic thought in the light of the modern controversy over capital theory and, more particularly, the appearance of Sraffa's book The Production of Commodities by Means of Commodities, which was a watershed in the critical discussions constituted a crucial turning-point in the history of economics: an estimate not unconnected with his reinterpretation of nineteenth-century economic thought as consisting of two streams or traditions commonly confused under the generic title of 'the classical tradition' against which Jevons so strongly reacted.
Author: Jeffrey T. Young Publisher: Taylor & Francis ISBN: 1003831389 Category : Business & Economics Languages : en Pages : 253
Book Description
Ever since the time of his early interpreters, beginning with David Hume, Adam Smith’s theory of value has been the subject of confusion and misunderstanding – including a controversy which still rages over whether Smith held a labour theory of value, and, if so, whether he held to it throughout Wealth of Nations, or if it was confined to the “Early and Rude State”? This book provides a close reading of Smith’s key text, and also incorporates material from the other parts of Smith’s oeuvre, especially from The Theory of Moral Sentiments, to yield original and important insights into Smith’s theory of value. The book operates on the assumption that Smith is proposing relatively simple ideas about price and takes a conventional view that simple Supply and Demand models can illuminate, clearly and consistently with his text, his theory of price. Combining these elements, the book argues that, contra Marx, Smith does not have a labour theory of value at all, understood as a theory of the determination of the relative price structure. Instead, Smith is placed squarely in the supply and demand, general equilibrium framework and the claim that he is part of a “surplus tradition”, which receives its highest treatment in the work of Piero Sraffa, is refuted. This book will be of particular interest to Adam Smith specialists, historians of economic thought, and research economists who have an interest in Smith.
Author: Jeffrey T. Young Publisher: ISBN: 9781003336327 Category : Distribution (Economic theory) Languages : en Pages : 0
Book Description
"Ever since the time of his early interpreters, beginning with David Hume, Adam Smith's theory of value has been the subject of confusion and misunderstanding - including a controversy which still rages over whether Smith held a labour theory of value, and, if so, whether he held to it throughout Wealth of Nations, or if it was confined to the "Early and Rude State"? This book provides a close reading of Smith's key text, and also incorporates material from the other parts of Smith's oeuvre, especially from The Theory of Moral Sentiments, to yield original and important insights into Smith's theory of value. The book operates on the assumption that Smith is proposing relatively simple ideas about price and takes a conventional view that simple Supply and Demand models can illuminate, clearly and consistently with his text, his theory of price. Combining these elements, the book argues that, contra Marx, Smith does not have a labour theory of value at all, understood as a theory of the determination of the relative price structure. Instead, Smith is placed squarely in the supply and demand, general equilibrium framework and the claim that he is part of a "surplus tradition", which receives its highest treatment in the work of Piero Sraffa, is refuted. This book will be of particular interest to Adam Smith specialists, historians of economic thought, and research economists who have an interest in Smith"--
Author: Ajit Sinha Publisher: Taylor & Francis ISBN: 0429807716 Category : Business & Economics Languages : en Pages : 397
Book Description
This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. The author focuses on four, perhaps most critical classics — Adam Smith’s Wealth of Nations, David Ricardo’s Principles of Political Economy, Karl Marx’s Capital and Piero Sraffa’s Production of Commodities by Means of Commodities. The book highlights several significant differences in the widely celebrated theories of the four authors as it searches for the ‘classical standpoint’ that separates them from the ‘moderns’. It also challenges canonical interpretations to analyse their flaws and weaknesses, in addition to the already obvious strengths, and critically engages with the major alternative interpretations and criticisms of the theories. With a new Afterword that follows up on the debates and developments since the first edition, this book will appeal to scholars and academics of economic theory and philosophy, as well as to the general reader.
Author: Krishna Bharadwaj Publisher: Routledge ISBN: 1315385848 Category : Business & Economics Languages : en Pages : 522
Book Description
The essays in this volume, first published in 1989, seek to re-examine an important area of economic theory: value and distribution. In a sustained and analytical critique, two principle methodological approaches are compared and distinguished: the Classical or ‘surplus-based’ theories and the demand-and-supply-based equilibrium (DSE) theories. Although the essays are primarily concerned with value and distribution, the critique necessarily extends to the theory of output and employment, and in general, to the theory of trade and accumulation. The book will be an invaluable reader for students of economic thought, capital theory and Marxian political economy.
Author: Rory O'Donnell
Author: Rory O'Donnell
Author: Maurice Dobb
Author: Adam Smith
Author: Robert Michael Larsen
Author: Jeffrey T. Young
Author: Rory O'Donnell
Author: Jeffrey T. Young
Author: Ajit Sinha
Author: Herbert Joseph Davenport
Author: Krishna Bharadwaj