This book offers a comprehensive and insightful reflection on David Ricardo’s ingenious theory of international trade. Found insideConsidering ideas from various economic paradigms, namely post-Keynesian, neo-Ricardian, and neo-Marxian, this book discusses the importance of money to Keynes's analysis of effective demand and income distribution. These volumes complete the project of the earlier assessments by making available the many major articles which have appeared subsequently, including the different re-interpretations by Piero Sraffa, Paul Samuelson and Samuel Hollander. This book is of interest to students and scholars of Ricardo, classical economics, and – more broadly – growth theory, the theory of international economics, and globalization. This collection of writings by Paul Samuelson illustrates the depth and breadth of his contribution to the history of economics. This book introduces new methods for measuring inequality of opportunities and makes an assessment of its evolution in Latin America over a decade. Found inside – Page 246Harry G. Johnson's The Theory of Income Distribution ( London : Gray - Mills , 1973 ) is representative of the neoclassical theory of income distribution that continues the Ricardian tradition . 17. Feldstein's “ On the Optimal Progressivity of the ... This 1974 collection of six essays in economic theory represents a major contribution to the field. John Chipman is one of the most esteemed economists working in international trade theory. Presented in two volumes, this work presents Chipman's survey articles on the theory of international trade. The book presents a rigorous reconstruction of Ricardo's contribution to economic theory and a unifying interpretation of the key issues of Ricardo's research. This book develops a general economic theory that integrates various economic theories and ideas and establishes important relationships between economic variables that are not formally recognized in the economic literature. New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth. Found inside – Page 465Ricardo ' s Theory of Income Distribution David Ricardo thought that discovery of the “ laws ” which regulate the distribution of the national output among the chief economic classes of society should be the principal problem in economic ... These essays, though formally independent, nevertheless constitute a whole, each one preparing the way for the succeeding chapter. This collection of essays attempts to evaluate Luigi Pasinetti's contribution and to give new insights into the issues which he has illuminated. This book completes the record on Ricardian value theory and fills the last gap in our knowledge of the development of Ricardo's thinking. We have used the latter name for the book due to its large emphasis on Sraffa's work. To understand the main parts of the book only basic algebra and calculus are necessary. Found inside – Page 1INTRODUCTION Since Ricardo , one of the principal questions facing economists has been how to present a theory of income distribution . Ricardo ( 1817 , p . 5 ) remarks on the historical fact that “ in different stages of society , the proportions ... " The book, updated and substantially expanded from Tachibanaki's 1998 Japanese bestseller, discusses the history and the causes of Japan's increasing income inequality and analyzes the effect on wealth distribution of intergenerational ... This collection of essays brings together eminent scholars who have been influenced by Godley's enormous contribution to the field of monetary economics and macroeconomic modeling. Found inside – Page 29RECONSIDERATION OF THE THEORY OF RENT By TAKEO MINOGUCHI * The question whether rent enters into cost of ... has been derived from the theory of income distribution , and on the other hand , neo - classical economists have based their idea on the theory of exchange . ... Ricardian theory of rent and its historical background The fact that Ricardian theory of rent has been constructed from the ... Found inside – Page 244Ricardo's concern in the problem of distribution was not duc , or not only due , to the interest in the question of distributive shares per se , but to the belief that the theory of distribution holds the key to an understanding of the whole mechanism ... Walter Eltis's classic account of the theories of growth and distribution of Frangois Quesnay, Adam Smith, Robert Malthus, David Ricardo and Karl Marx is reprinted with a substantial new Introduction setting the work in a broader context. The student should be able to gain an understanding of the challenges to contemporary neoclassical economics now taking place. The book is appropriate for courses in price theory and national income. Arguably one of the most important economists who has lived, Ricardo's impact on the economics profession is immense. This unique and comprehensive Companion elucidates his significance and continuing legacy. Author David Ricardo, with Adam Smith, founded the "classical" system of political economy, a school of thought that dominated economic policies throughout the nineteenth century and figured prominently in the theories of John Stuart Mill ... The book begins by examining the most basic feature of economic life – production – and asks what it is about physical laws that allows production to take place. How is it that human labour is able to modify the world? Found insideThis volume challenges the view that unemployment is exclusively determined by structural characteristics of the labour market and the social benefit system. Based on these data, it is the task of theory to discover logical laws in economic activity, if this is realized in a rational manner - and this is naturally a theoretical analytical condition. A critical exposition and comparison of the major non-neoclassical economic theories: post-Keynesian, neo-Ricardian and neo-Marxian. Found insideThis is a well-grounded restatement, defense, and development of the theory of income distribution in both its micro- and macroeconomic aspects. Found insideThis book brings together the work of scholars who have written for it independent essays in their areas of particular expertise in the general field of income distribution. We have used the latter name for the book due to its large emphasis on Sraffa's work. To understand the main parts of the book only basic algebra and calculus are necessary. This essay by 19th-century economist Thomas Robert Malthus examines the social and economic nature of rent. Found insideIn Revolution or Renaissance, D. Paul Schafer subjects two of the most powerful forces in the world – economics and culture – to a detailed and historically sensitive analysis. This book, together with Marx's Economic and Walras' Economics, completes a sequence of titles by Professor Morishima on the first generation of scientific economists. Baranzini and Mirante trace the influence of the schools in terms of 1) their fundamental role in the evolution of economic thought; 2) their promotion of four key controversies (on the measurement of technical progress, on capital theory, ... Identifies scientific and ideological elements in the theories of such economists as Ricardo, Mill, Marx, Jevons, and Keynes. Bibliogs About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Found insideThis is the first book published in English on the new international value theory, presented by Yoshinori Shiozawa in 2007. The question assumes, of course, that industry shall go on, and that, notwithstanding a paralysis of the forces of progress, wealth shall continue to be created under the influence of a perfectly unobstructed competition. -from the Preface ... 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