Economic Theory and Economic Thought: Essays in Honour of Ian Steedman

✍ Scribed by John Vint , J. Stanley Metcalfe , Heinz D. Kurz , Neri Salvadori and Paul Samuelson (eds.)

• Publisher: Routledge
• Year: 2010
• Tongue: English
• Leaves: 417
• Series: Routledge Studies in the History of Economics
• Category: Library

✦ Synopsis

Ian Steedman is recognised internationally as one of the leading economic theorists of his time and has made major contributions to the development of economic theory and economic thought, as substantiated by his work on Marx, Sraffa, Marshall, Jevons and Wicksteed. His contributions to economic theory include his work on time, international trade, capital theory and growth and distribution. This collection reflects the wide ranging interests of Ian Steedman and is a tribute to his outstanding contributions.

This edited collection brings together twenty two new essays by distinguished economists from around the world. The papers cover a wide range of topics including; international trade – an area in which Steedman has made significant contributions; Sraffa, the history of economic thought and theoretical papers – including Faustian Agents and market failure in waste production.

The essays in this book will be an invaluable source for economists interested in economic theory or in the evolution of economic thought. It will also be of interest to postgraduate and research students in economic theory and the history of economic thought.

John Vint is Professor of Economics at Manchester Metropolitan University, UK. J. Stanley Metcalfe is Professor of Economics at the University of Manchester, UK. Heinz D. Kurz is Professor of Economics at the University of Graz, Austria. Neri Salvadori is Professor of Economics at the University of Pisa, Italy. Paul Samuelson is Professor of Economics at the Massachusetts Institute of Technology, USA.

✦ Table of Contents

Book Cover
Title
Copyright
Contents
Preface
Contributors
Acknowledgements
Introduction
Part I The significance of time
    1 Consumption takes time: Some implications for happiness
    2 Exploitation takes time
    3 How to give up ‘wrestling with time’: The case of horizontal innovation models
Part II The theory of international trade
    4 The notion of national competitiveness in a global economy
    5 Samuelson, Sraffa and Steedman on comparative advantage
    6 Complete specialization in classical economics
    7 Normative trade theory under Gossenian assumptions
    8 Trade equilibrium amongst growing economies: Some extensions
Part III Staffian themes
    9 Families of strongly curved and of nearly linear wage curves: A contribution to the debate about the surrogate production function
    10 “Perverse cases” and the debate on neo-classical theory of distribution: Recent contributions on an open issue
    11 ‘Capital reversals’ in a limited- substitutability technology framework
    12 Testing whether the “capital reversal” syndrome mandates deadweight loss in competitive intertemporal equilibrium
    13 Some notes on the notion of production prices
    14 Sraffa and the labour theory of value: A few observations
    15 On some puzzles in rent theory
    16 Malfunction of a market in a transaction of waste: A reason for the necessity of an upstream policy in waste management
Part IV History of economic thought and methodology
    17 Piero Sraffa in his family: 1898 to 1916
    18 Sraffa’s great passion: The postmistress, the traveller’s guide, the chess- player, and the fair Circassian
    19 Albert Schäffle’s critique of socialism
    20 Henry Sidgwick and economic socialism
    21 Does economic growth ultimately lead to a nobler life?: A mathematical formulation of Mill’s stationary state
    22 On Marshallian evolutionary dynamics, entry and exit
    23 Collective dynamics of Faustian agents
Ian Steedman’s publications
Index