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The classical economists revisited

Author: Denis Patrick O'Brien
Publisher: Princeton [u.a.] Princeton Univ. Press 2004
Edition/Format:   Print book : EnglishView all editions and formats

This account shows the extent, diversity and richness of the literature of economics produced in the period extending from David Hume's 'Essays' of 1752 to Fawcett and Cairnes in the 1810s. It shows  Read more...


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Genre/Form: History
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Denis Patrick O'Brien
ISBN: 0691119392 9780691119397
OCLC Number: 834519310
Notes: Revised edition of: The classical economists, 1975
Description: XVIII, 423 S. graph. Darst
Contents: Preface to the Second Edition xiPreface to the Original Edition xiiiIntroduction xvChapter One: The Classical Economic Stage 1I. The Period of Classical Economics 1II. The Personnel of Classical Economics 3III. The Backgrounds of the Classical Economists 9IV. A Scientific Community? 12V. The Economic History of the Classical Age 17Further Reading 19Chapter Two: The Roots of Classical Economics 26I. Introduction 26II. The Intellectual Environment 26III. Adam Smith 35IV. David Ricardo 44V. The Later Classical Economists 52Further Reading 56Chapter Three: The Characteristics and Preconceptions of Classical Economics 63I. The Focus of Classical Economics 63II. Population 66III. The Method of Classical Economics 79Further Reading 87Chapter Four: Classical Value Theory 91I. Adam Smith 91II. David Ricardo 98III. "Cost-of-Production" Theories of Value after Ricardo 106IV. The Subjective Value Theorists 1141. J. B. Say 1142. N. W. Senior 1163. M. Longfield 1194. W. F. Lloyd 1225. Other Writers 122V. Conclusion 123Further Reading 124Chapter Five: The Classical Theory of Distribution 127I. Wages 127II. Profits 137III. Rent 145IV. Relative Shares 153V. Conclusion 161Further Reading 161Chapter Six: Classical Monetary Theory 165I. The Historical Background 165II. The Nature of Money 166III. The Basic Theory 169IV. The Bullion Debate 175V. Monetary Control: The Bank Charter Debate 181VI. A Fundamental Flaw? 191VII. Inflation 194VIII. Conclusion 198Further Reading 198Chapter Seven: International Trade 205I. Absolute Advantage: Trade and Growth 205II. Comparative Advantage 208III. Reciprocal Demand 219IV. The Terms of Trade 227V. Trade Policy 2281. Robert Torrens and the Cuba Case 2302. Torrens and His Critics 2333. Further Problems 238VI. Customs Unions 239VII. The Transfer Problem 2391. Transfer Mechanisms 2402. Classical Transfers 242VIII. Conclusion 243Further Reading 244Chapter Eight: The Classical Theory of Growth and Development 248I. The Smithian Growth Process 249II. The Classical Vision of Growth after Smith 2591. T. R. Malthus 2592. J. R. McCulloch 2603. J. S. Mill 263III. Machinery and Gluts 2691. The Machinery Question 2692. Capital Accumulation and Gluts 274IV. Productive and Unproductive Labor 278V. Conclusion 281Further Reading 282Chapter Nine: Classical Public Finance 288I. General Principles of Public Finance 288II. Tax Finance 2941. Direct Taxes 2962. Indirect Taxes 308III. National Debt 312IV. Conclusion 319Appendix: Net Present Value Taxation 320Further Reading 322Chapter Ten: The Policy Prescriptions of Classical Economics 327I. The Legitimate Role of Government 327II. Detailed Treatments of Intervention: The Domestic Economy 3341. The Factory Acts 3342. Mechanization 3363. Pauperism 3374. Education 3395. Trade Unions 341III. Policy for Ireland 342IV. Colonies and Colonial Policy 345V. Conclusion 349Further Reading 350Chapter Eleven: Classical Economics: A Retrospect 356Notes 363Index 405
Responsibility: D.P. O'Brien
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"The phrase tour de force is overused, but this is a work that clearly merits it. There is no greater living authority on classical economics than D. P. O'Brien."--Steven Medema, Editor of Journal of Read more...

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