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This volume demonstrates how the Austrian challenge, and the debates it inspires, can continue to benefit contemporary developments in micro- and macroeconomic theory, and can offer insights into other schools of thought.
The financial crisis of 2008 has revived interest in economic scholarship from a historical perspective. The most in depth studies of the relationship between economics and history can be found in the work of the so-called German Historical School (GHS). The influence of the GHS in the USA and Britain has been well documented, but far less has been written on the rest of Europe. This volume studies the interconnection between economic thought and economic policy from the mid-nineteenth century to the interwar period. It examines how the School’s ideas spread and was interpreted in different European countries between 1850 and 1930, analysing its legacies in these countries. In doing so, th...
Bringing together contributors from outside the Marxian tradition as well as from within, including Paul Zarembka, Jan Toporowski and Paul Mattick Jr., this book analyzes the important contributions made by Rosa Luxemburg to economic theory.
Between May 1892 and October 1893 the Giornale degli Economisti published Vilfredo Pareto’s Considerazioni sui principi fondamentali dell’economia politica pura in five parts. Viewed in its entirety, the outcome is essentially a classic monograph on the fundamental issues in pure economic theory in the Lausanne tradition. Pareto's work forms a document of major historical significance which, to date, has only been available to the relatively small number of international economists and historians of economics who read Italian. This first English language edition is a significant landmark in the history of economics.
This important new book illuminates our understanding of Sraffa and his work in three key areas. Firstly, Roncaglia re-examines Sraffa's intellectual biography, including his friendships with Gramsci, Wittgenstein and Keynes. Secondly, the book presents a new interpretation of his main work, Production of Commodities by Means of Commodities. Finally, the author provides a survey of the 'Sraffian schools', bringing Italian debates on Sraffa to an English-speaking audience.
This text challenges the traditional view of the history of econometrics and provides a more complete story. In doing so, the book sheds light on the hitherto under-researched contribution of French thinkers to econometrics. Fascinating and authoritative, it is a comprehensive overview of what went on to be one of the defining subsets within t
Léon Walras (1834–1910) is one of the four or five most important economic theorists in the history of the science. The present book is a complete English translation of the second edition (1936) of his Études d’économie sociale (1896), in which he applies economic theory to real problems, presents the essence of his normative economic ideas, and reveals himself to have also been a great thinker on human nature, justice, mores, and the structure of scientific inquiry and knowledge. The book will be of interest to researchers and postgraduate students in the area of the history of economics as well as those interested in Walrasian topics, such as social justice, taxation, intellectual property, and land ownership.
This book analyses the contribution of Eugen (Jenő) Varga (1879-1964) on Marxist-Leninist economic theory as well as the influence he exercised on Stalin’s foreign policy and through the Comintern on the international communist movement. During the Hungarian Councils’ Republic of 1919 Varga was one of those chiefly responsible for transforming the economy into one big industrial and agrarian firm under state authority. After the fall of the revolutionary regime that year, Varga joined the Hungarian Communist Party, soon after which, he would become one of the Comintern’s leading economists, predicting the inevitable crisis of the capitalist system. Varga became the Soviet Union’s of...
Building on the Groenewegen's respected collection of eighteenth century economics, this new book focuses on the nineteenth and early twentieth centuries and includes several essays that have never been previously published.