Understanding 'Classical' Economics

Heinz D Kurz (University of Graz, Austria Karl-Franzens-University Graz, Austria), Neri Salvadori (Universita degli Studi, Pisa)

• 1 UNDERSTANDING ‘CLASSICAL’ ECONOMICS An introduction, Part I ‘Classical’ economics and modern theory 2 VON NEUMANN’S GROWTH MODEL AND THE ‘CLASSICAL’ TRADITION 3 ADAM SMITH ON FOREIGN TRADE A note on the ‘vent for surplus’ argument 4 ‘ENDOGENOUS’ GROWTH MODELS AND THE ‘CLASSICAL’ TRADITION 5 THE NON-SUBSTITUTION THEOREM Making good a lacuna Part II On Sraffa’s contribution 6 SRAFFA, MARSHALL AND THE PROBLEM OF RETURNS 7 THE ‘STANDARD COMMODITY’ AND RICARDO’S SEARCH FOR AN ‘INVARIABLE MEASURE OF VALUE’ 8 MORISHIMA ON RICARDO 9 PEACH ON RICARDO Part III On the labour theory of value 10 KARL MARX ON PHYSIOCRACY 11 NO RESWITCHING? NO SWITCHING! Part IV On the critique of neoclassical theory 12 ON CRITICS AND PROTECTIVE BELTS 13 ‘PRODUCTIVITY CURVES’ IN THE ACCUMULATION OF CAPITAL