Buch, Englisch, 432 Seiten, Format (B × H): 164 mm x 240 mm, Gewicht: 764 g
ISBN: 978-0-691-11939-7
Verlag: Princeton University Press
The Classical Economists Revisited conveys the extent, diversity, and richness of the literature of economics produced in the period extending from David Hume's Essays of 1752 to the final contributions of Fawcett and Cairnes in the 1870s. D. P. O'Brien thoroughly updates, rewrites, and expands the vastly influential work he first published in 1975, The Classical Economists. In particular, he sets out to make clear the shaping of a comprehensive vision of the working of an open economy, building on the great work of Adam Smith in Wealth of Nations, a development that was substantially affected by the contributions of David Ricardo. He shows that the Classical literature was in fact the work of a host of thinkers from a wide range of backgrounds.Covering the intellectual roots of the Classical literature and its methodological approaches, and the developed theories of value, distribution, money, trade, population, economic growth, and public finance, and examining the Classical attitudes toward a rich variety of policy issues, The Classical Economists Revisited considers not only the achievements of the Classical writers but also their legacy to the later development of economics.A seminal contribution to the field, this book will be treasured for many years to come by economists, historians of economics, instructors and their students, and anyone interested in the sweeping breadth and enduring influence of the classical economists.
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Weitere Infos & Material
Preface to the Second Edition xi
Preface to the Original Edition xiii
Introduction xv
Chapter One: The Classical Economic Stage 1
I. The Period of Classical Economics 1
II. The Personnel of Classical Economics 3
III. The Backgrounds of the Classical Economists 9
IV. A Scientific Community? 12
V. The Economic History of the Classical Age 17
Further Reading 19
Chapter Two: The Roots of Classical Economics 26
I. Introduction 26
II. The Intellectual Environment 26
III. Adam Smith 35
IV. David Ricardo 44
V. The Later Classical Economists 52
Further Reading 56
Chapter Three: The Characteristics and Preconceptions of Classical Economics 63
I. The Focus of Classical Economics 63
II. Population 66
III. The Method of Classical Economics 79
Further Reading 87
Chapter Four: Classical Value Theory 91
I. Adam Smith 91
II. David Ricardo 98
III. "Cost-of-Production" Theories of Value after Ricardo 106
IV. The Subjective Value Theorists 114
1. J. B. Say 114
2. N. W. Senior 116
3. M. Longfield 119
4. W. F. Lloyd 122
5. Other Writers 122
V. Conclusion 123
Further Reading 124
Chapter Five: The Classical Theory of Distribution 127
I. Wages 127
II. Profits 137
III. Rent 145
IV. Relative Shares 153
V. Conclusion 161
Further Reading 161
Chapter Six: Classical Monetary Theory 165
I. The Historical Background 165
II. The Nature of Money 166
III. The Basic Theory 169
IV. The Bullion Debate 175
V. Monetary Control: The Bank Charter Debate 181
VI. A Fundamental Flaw? 191
VII. Inflation 194
VIII. Conclusion 198
Further Reading 198
Chapter Seven: International Trade 205
I. Absolute Advantage: Trade and Growth 205
II. Comparative Advantage 208
III. Reciprocal Demand 219
IV. The Terms of Trade 227
V. Trade Policy 228
1. Robert Torrens and the Cuba Case 230
2. Torrens and His Critics 233
3. Further Problems 238
VI. Customs Unions 239
VII. The Transfer Problem 239
1. Transfer Mechanisms 240
2. Classical Transfers 242
VIII. Conclusion 243
Further Reading 244
Chapter Eight: The Classical Theory of Growth and Development 248
I. The Smithian Growth Process 249
II. The Classical Vision of Growth after Smith 259
1. T. R. Malthus 259
2. J. R. McCulloch 260
3. J. S. Mill 263
III. Machinery and Gluts 269
1. The Machinery Question 269
2. Capital Accumulation and Gluts 274
IV. Productive and Unproductive Labor 278
V. Conclusion 281
Further Reading 282
Chapter Nine: Classical Public Finance 288
I. General Principles of Public Finance 288
II. Tax Finance 294
1. Direct Taxes 296
2. Indirect Taxes 308
III. National Debt 312
IV. Conclusion 319
Appendix: Net Present Value Taxation 320
Further Reading 322
Chapter Ten: The Policy Prescriptions of Classical Economics 327
I. The Legitimate Role of Government 327
II. Detailed Treatments of Intervention: The Domestic Economy 334
1. The Factory Acts 334
2. Mechanization 336
3. Pauperism 337
4. Education 339
5. Trade Unions 341
III. Policy for Ireland 342
IV. Colonies and Colonial Policy 345
V. Conclusion 349
Further Reading 350
Chapter Eleven: Classical Economics: A Retrospect 356
Notes 363
Index 405
