Developments internal to the study of history have played a significant if overlooked role in the changing status of history within political economy. This article illustrates that claim by way of a survey of the place of history in the writings of Adam Smith, Karl Marx, and Alfred Marshall. It...

A long-standing puzzle in the history of Marxian economic thought concerns Marx’s decision to omit the draft chapter titled “Results of the Immediate Process of Production” from the published version of volume 1 of Capital. A number of authors have explored this puzzle without...

This article seeks to fill a lacuna within classical economics concerning the process of market price determination in situations of market disequilibrium. To this aim, first we distinguish the classical notion of free competition from the Walrasian notion of perfect competition and we argue...