The paper focuses attention on Schumpeter’s achievements in his classic contribution and how these relate to the contributions of other major authors. While deeply indebted to Marx’s vision of capitalism as a system incessantly in travail, Schumpeter was no ‘Marxist’. He shared Böhm’s...

The paper throws some new light on Sraffa's contribution, using material from his yet unpublished papers. Attention focuses on Sraffa's rediscovery of the distinct character of the classical theory of value and distribution and his refutation of the Marshallian interpretation that it is only a...

The paper discusses the analyses of technical progress, capital accumulation and income distribution elaborated by three major classical economists: Adam Smith, David Ricardo and Karl Marx. The interpretation given is partly inspired by Piero Sraffa's studies in his hitherto unpublished papers....

The paper recalls some of the achievements of Friedrich Benedikt Wilhelm Hermann, a remarkable German economist whose work, once praised by authors such as von Thunen, Menger, Marshall and Schumpeter, has largely fallen into oblivion. The emphasis is on Hermann's contributions to the theory of...

This paper compares Leontief's 1928 PhD thesis and Sraffa's work in Cambridge in 1927-1928 as reconstructed from Sraffa's unpublished papers. Both authors showed that relative prices and the interest rate can be determined exclusively in terms of the observable amounts of commodities produced...