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This book covers a broad range of topics in the history of economics that have relevance to economic theories.
List of contents
Preface; 1. Anti-neoclassical or non-Walrasian economic theories; Part I. Increasing Returns and Diminishing Cost: 2. Adam Smith and increasing returns in a competitive situation; 3. A reconstruction of Smith's doctrine on the natural order of investment; 4. The possibility of a falling rate of profit under diminishing cost; 5. Rehabilitation of Marshall's life-cycle theory to explain diminishing cost; Part II. Wages and Profit: 6. Conditions for the wages fund doctrine and Mill's recantation of it; 7. Marx and exploitationd in production and in circulation; 8. Marx's dichotomy between exploitation and redistribution of surplus products; 9. Böhm-Bawerk and the positive rate of interest in a stationary state; Part III. International Trade and Investment: 10. The role of exporters and importers in classical and Keynesian theories; 11. Ricardo, the natural wage, and international unequal exchange; Part IV. Markets and Money: 12. Jevons, Edgeworth, and the competitive equilibrium of exchange; 13. Menger's Absatz-fähigkeit, a non-Walrasian theory of markets and money; 14. The marshallian foundation of macroeconomic theories; Notes; References; Author index; Subject index.
Summary
This book covers a broad range of topics in the history of economics that have relevance to economic theories. The author believes that one of the tasks for a historian of economics is to analyze and interpret theories currently outside the mainstream of economic theory, in this case non-Walrasian economics.
