Classical Economics ReconsideredThis reconsideration of the macroeconomics, microeconomics, methodology, and social philosophy of the classical economists has been a small gem on the history of economic thought, written in a way accessible to students, while having much to teach scholars. The reissue of this book twenty years after its original publication is a tribute to the enduring relevance of the questions raised during the formative period of economics and to the skill with which the author analyzes them. |
Common terms and phrases
2nd edn abstract Adam Smith agriculture analysis argued Ashley edn assumptions Capital to Land changes classical economics classical economists classical period Commerce Defended commodities comparative statics concept controversy cost of production David Ricardo Definitions in Political diminishing returns doctrine empirical Engels equilibrium Essays glut growth Ibid increase investment J. B. Say J. S. Mill J.C.L. Simonde James Mill Jean-Baptiste Say John Stuart Mill Karl Marx Kelley labor Lauderdale law of diminishing Lectures on Political long-run McCulloch measure of value ment mercantilists methodology Mill's modern Nature nomics Nouveaux Principes Paper Credit Political Economy Political Economy London price determination Principles of Political profit propositions Public Wealth Questions of Political rent Ricardian Samuel Bailey Say's Law short-run Simonde de Sismondi social society sometimes subsistence supply and demand T. R. Malthus tendency Thomas Sowell tion Toronto edn Torrens Unsettled Questions value theory wages Wealth of Nations York