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Topics in Classical Micro- and Macroeconomics

Elements of a Critique of Neoricardian Theory

  • Book
  • © 2010

Overview

Authors:
  1. Peter Flaschel

    1. Fak. Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld, Germany

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  • Classical micro- and macroeconomics from an applicable Marxian perspective

  • Rigorous alternative to the Neoricardian modelling of classical economics

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Table of contents (22 chapters)

  1. Front Matter

    Pages i-xxi
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  3. Production Prices and the Standard Commodity. A Critical Reassessment

    1. Front Matter

      Pages 175-177
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    2. In Search of Foundations for a Classical Theory of Competition

      • Peter Flaschel
      Pages 179-227

    3. Two Concepts of Basic Commodities for Joint Production Systems

      • Peter Flaschel
      Pages 229-246

    4. Some Continuity Properties of a Reformulated Sraffa Model

      • Peter Flaschel
      Pages 247-255

    5. The Standard Commodity and the Theory of Income Distribution

      • Peter Flaschel
      Pages 257-264

    6. Sraffa’s Standard Commodity: No Fulfillment of Ricardo’s Dream of an ‘Invariable Measure of Value’

      • Peter Flaschel
      Pages 265-278

  4. Gravitation or Convergence in Classical Micro-Dynamics

    1. Front Matter

      Pages 279-281
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    2. Dressing the Emperor in a New Dynamic Outfit

      • Peter Flaschel
      Pages 283-299

    3. Stability: Independent of Economic Structure? A Prototype Analysis

      • Peter Flaschel
      Pages 301-327

    4. Classical and Neoclassical Competitive Adjustment Processes

      • Peter Flaschel
      Pages 329-350

    5. Composite Classical and Keynesian Adjustment Processes

      • Peter Flaschel
      Pages 351-390
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About this book

This book on Classical micro- and macrodynamics includes revised versions of papers which were written between 1983 and 2000, some jointly with co-authors, and it supplements them with recent work on the issues which are raised and treated in them. It attempts to demonstrate to the reader that themes of Classical economics, in particular in the tradition of Smith, Ricardo and Marx, can be synthesized into a coherent whole, from the perspective of formal model building. This is accomplished by means of mathematical techniques which, on the one hand, provide a consistent accounting framework (labor values and prices of p- duction) as point of reference for Classical micro- and macro-dynamics and which, on the other hand, attempt to apply these accounting schemes – or suitable ext- sions of them – by showing their usefulness as tools of analysis of the implications of technological change (labor values) and as potential tools for understanding the dynamics of market prices and of income distribution around their centers of gravity (production prices and the wage-pro?t curve).

Authors and Affiliations

  • Fak. Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld, Germany

    Peter Flaschel

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