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Economic Theories in a Non-Walrasian Tradition : Historical Perspectives on Modern Economics - Takashi Negishi

Economic Theories in a Non-Walrasian Tradition

Historical Perspectives on Modern Economics

Paperback

Published: 17th July 1989
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Negishi examines a broad range of topics in the history of economics that have relevance to current economic theories. The author contends that one of the tasks for historians of economics is to analyze and interpret theories currently outside the mainstream of economic theory, in this case, Walrasian economics. Familiar topics covered include the division of labor, economies of scale, wages, profit, international trade, market mechanisms, and money. These are considered in reference to the well-known non-Walrasian schools of thought.

' ... a most impressive display of economic theory at its best.' History of Political Economy 'As a contribution to contemporary economic theory the volume is extremely successful; virtually every chapter contains something of interest.' Journal of Economic Literature

Preface
Anti-neoclassical or non-Walrasian economic theories
Increasing Returns and Diminishing Cost
Adam Smith and increasing returns in a competitive situation
A reconstruction of Smith's doctrine on the natural order of investment
The possibility of a falling rate of profit under diminishing cost
Rehabilitation of Marshall's life-cycle theory to explain diminishing cost
Wages and Profit
Conditions for the wages fund doctrine and Mill's recantation of it
Marx and exploitationd in production and in circulation
Marx's dichotomy between exploitation and redistribution of surplus products
B÷hm-Bawerk and the positive rate of interest in a stationary state
International Trade and Investment
The role of exporters and importers in classical and Keynesian theories
Ricardo, the natural wage, and international unequal exchange
Markets and Money
Jevons, Edgeworth, and the competitive equilibrium of exchange
Menger's Absatz-fShigkeit, a non-Walrasian theory of markets and money
The marshallian foundation of macroeconomic theories
Notes
References
Author index
Subject index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521378604
ISBN-10: 0521378605
Series: Historical Perspectives on Modern Economics
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 220
Published: 17th July 1989
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.3
Weight (kg): 0.33