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Sraffa and the Reconstruction of Economic Theory. Volume Two, Aggregate Demand, Policy Analysis and Growth
Title
Sraffa and the Reconstruction of Economic Theory. Volume Two, Aggregate Demand, Policy Analysis and Growth
ISBN
9781137319166
113731916X
9780230355293
130628631X
9781306286312
0230355293
9780230355293
Published
Basingstoke : Palgrave Macmillan, 2013
Physical Description
1 online resource. (312 p.) 29 figures, 8
Local Notes
Access is available to the Yale community.
Notes
Enrico Sergio Levrero is Associate Professor at Roma Tre University, Italy. His main research interests are in the theories of value and distribution, wages and the labour market, issues of monetary economics and Sraffa's works. He previous works include F our Lectures on Wages and the Labour Market (Aracne, 2012) and he has published several articles in academic journals and collected volumes. Antonella Palumbo is associate Professor of economics at Roma Tre University, Italy. Her main research interests and activities are in the modern revival of Classical economics and in the theories of demand-led growth. She has published several articles in academic journals and collective volumes. Antonella Stirati is currently a Professor at Roma Tre University, Italy. Her main scientific interest is in the revival of the surplus approach, particularly in the areas of income distribution and employment theory. She has published the Theory of Wages in Classical Economics (Elgar, 1994) and several articles in academic journals and collected volumes
Electronic book text
Epublication based on: 9780230355293
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Summary
This second volume of the book Sraffa and the Reconstruction of Economic Theory focuses on the theory of output and growth as developed in the modern revival of classical approach. Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in this book accounts for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or 'marginalist') theory of value and distribution, and the reconstruction of economic theory along the lines of the Classical approach. Divided into three volumes, the book debates the most fruitful routes for advancements in this field and their implications for applied and policy analysis. This second volume focuses on the theory of output and growth as developed in the modern Classical approach on the basis of the extension to the long run of the Keynesian principle of effective demand, and on the implications of the revival of the Classical approach for policy analysis and for understanding the evolution of the international economic order in the last few decades
Variant and related titles
Palgrave Economics & Finance collection 2014.
Other formats
Print version: Sraffa and the reconstruction of economic theory. Volume two, Aggregate demand, policy analysis and growth. Basingstoke : Palgrave Macmillan 2013
Format
Books / Online
Language
English
Added to Catalog
April 19, 2018
Bibliography
Includes bibliographical references and index.
Contents
PART I: DEMAND-LED GROWTH IN THE CLASSICAL APPROACH 1. Public Debt and Aggregate Demand
Roberto Ciccone 2. Investment Depends on Output Even Conceding Traditional Neoclassical Capital Theory: Implications for Say's Law
Fabio Petri 3. Normal Paths of Growth Shaped by the Supermultiplier
Oscar Dejuan 4. The Meaning of the Long-run Proportion of Saving in Social Income
Attilio Trezzini 5. An Historical Approach to Demand-Led Growth Theory
Matthew Smith 6. The Pattern of Economic Growth of the Brazilian Economy 1970-2005: A Demand-led Growth Perspective
Fabio N.P. de Freitas and Esther Dweck 7. Potential Output and Demand-led Growth
Antonella Palumbo PART II: UNDERSTANDING THE INTERNATIONAL ECONOMIC ORDER 8. Continuity and Change in the International Economic Order: Towards a Sraffian Interpretation of the Change in the Trend of 'Commodity' Prices in the 2000s
Franklin Serrano 9. The Political Economy of the Rise and Decline of Developmental States
Carlos Aguiar de Medeiros 10. Harmonic and Conflict Views in International Economic Relations: a Sraffian view
Sergio Cesaratto 11. Lessons From the Crisis: The Macroeconomics of Leverage
Paolo Leon
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