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The Cambridge revival of political economy

Author: Nuno Martins
Publisher: New York : Routledge, 2013.
Series: Economics as social theory.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The marginalist revolution of the late nineteenth century consolidated what Karl Marx and Piero Sraffa called 'vulgar economy', bringing with it an emphasis on a scarcity theory that replaced the classical surplus theory. However, the classical political economy of Adam Smith and David Ricardo has been revived within the Cambridge economic tradition. This book looks at how different branches of the Cambridge  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
(DLC) 2013016155
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Nuno Martins
ISBN: 113466642X 9781134666423 1306075173 9781306075176 9781315883915 1315883910
OCLC Number: 864700392
Description: 1 online resource (xxi, 460 pages).
Contents: Foreword / by G.C. Harcourt Preface --
Economic theory --
The theory of value and distribution --
The ontology of value and distribution --
The accumulation of capital --
The principle of effective demand --
Mathematics and reality --
Social theory --
Rational fools --
Social ontology --
Heterodox economics as surplus theory --
Platonism and Cambridge --
Evolutionary social theory --
History and evolution --
Ethical theory --
Uncertainty and ethical analysis --
Justice and the capability approach --
Ontology and moral realism --
Capabilities as primary (causal) powers.
Series Title: Economics as social theory.
Responsibility: Nuno Ornelas Martins.

Abstract:

The marginalist revolution of the late nineteenth century consolidated what Karl Marx and Piero Sraffa called 'vulgar economy', bringing with it an emphasis on a scarcity theory that replaced the classical surplus theory. However, the classical political economy of Adam Smith and David Ricardo has been revived within the Cambridge economic tradition. This book looks at how different branches of the Cambridge economic tradition have focused on various aspects of this revival over time. The author shows that classical political economy is distinct from vulgar political economy in terms.

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'This book offers an illuminating analysis of the ideas and figures in the history of political economy at Cambridge from Marshall up to the present day, in terms of a common approach' - Sheila Dow, Read more...

 
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