Cambridge Catalogue  
  • Your account
  • View basket
  • Help
Home > Catalogue > Economic Theories in a Non-Walrasian Tradition
Economic Theories in a Non-Walrasian Tradition
Google Book Search

Search this book


  • 14 b/w illus. 3 tables
  • Page extent: 220 pages
  • Size: 228 x 152 mm
  • Weight: 0.33 kg
Add to basket


 (ISBN-13: 9780521378604 | ISBN-10: 0521378605)

DOI: 10.2277/0521378605

Manufactured on demand: supplied direct from the printer

 (Stock level updated: 02:09 GMT, 28 November 2015)


This book covers a broad range of topics in the history of economics that have relevance to economic theories. The author believes that one of the tasks for a historian of economics is to analyze and interpret theories currently outside the mainstream of economic theory, in this case non-Walrasian economics. By doing so, he argues, new directions and new areas for research can be developed that will extend the current theories. Familiar topics covered include: the division of labor, economies of scale, wages, profit, international trade, market mechanisms, and money. These are considered in the light of the well-known non-Walrasian schools of thought: the classical, Marxian, Austrian, and Cambridge schools.


Preface; 1. Anti-neoclassical or non-Walrasian economic theories; Part I. Increasing Returns and Diminishing Cost: 2. Adam Smith and increasing returns in a competitive situation; 3. A reconstruction of Smith's doctrine on the natural order of investment; 4. The possibility of a falling rate of profit under diminishing cost; 5. Rehabilitation of Marshall's life-cycle theory to explain diminishing cost; Part II. Wages and Profit: 6. Conditions for the wages fund doctrine and Mill's recantation of it; 7. Marx and exploitationd in production and in circulation; 8. Marx's dichotomy between exploitation and redistribution of surplus products; 9. Böhm-Bawerk and the positive rate of interest in a stationary state; Part III. International Trade and Investment: 10. The role of exporters and importers in classical and Keynesian theories; 11. Ricardo, the natural wage, and international unequal exchange; Part IV. Markets and Money: 12. Jevons, Edgeworth, and the competitive equilibrium of exchange; 13. Menger's Absatz-fähigkeit, a non-Walrasian theory of markets and money; 14. The marshallian foundation of macroeconomic theories; Notes; References; Author index; Subject index.


' … 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

printer iconPrinter friendly version AddThis