Smith’s theory of the falling rate of profit has been usually interpreted as a result of the intensification of competition in the markets of goods and services of the factors of production. This aspect of Adam Smith had been initially posed by Ricardo and subsequently was widely adopted by...

Classical economists - mainly Smith, Ricardo and J.S. Mill - abhorred public debts because of their interference with capital accumulation. J.S. Mill in particular envisaged that a rising public debt leads to higher interest rates and falling real wages, a combination which may be consistent...

The purpose of this paper is twofold: on the one hand is to discuss Ricardo’s version of the labour theory of value; and on the other hand, is to analyse some crucial aspects of Ricardo’s theory of taxation as an extension and further elaboration of his theory of value. This discussion is...

The question of the long-run prospects of profitability and its association with the stage of capital accumulation have occupied central importance in the history of economic thought. This paper focuses on Marx and Keynes and argues that Marx’s analysis, despite its incomplete nature, is...

Classical economists mainly Smith, Ricardo and J.S. Mill abhorred public debts because of their interference with capital accumulation. J.S. Mill in particular argued that a rising public debt leads to higher interest rates and falling real wages, a combination which may be consistent with a...

This article, presented to the Annual Conference of the History of Economics Society, Vancouver July 1996, gives a historical analysis of the origins of the general equilibrium or comparative static approach and demonstrates that economic thought as a whole is divided, in each of its schools of...

Con frecuencia se cree, de una manera bastante esquizofrénica, que una teoría del valor solo debe resolver la cuestión de los precios relativos" (un problema microeconómico), siendo principalmente la teoría del dinero de la pieza necesaria para la determinación monetaria o del nivel...

La conjoncture historique actuelle est marquee par le rôle de plus en plus central de la connaissance dans l'organisation de la production et la dynamique du progres technique. Cette evolution souleve plusieurs interrogati ons theoriques, en particulier celle de comprendre si la diffusion et le...

A partir del estudio técnico, tecnológico e histórico de la evolución de la investigación operativa,como disciplina matemática aplicada al campo de la Economía Política previo desarrollo de la manufactura y la maquinaria, el autor estudia la influencia de dicha disciplina en la...

This is a pre-publication of the chapter of the same name which was first published in Freeman et al (2001), reproduced with the kind permission of the publishers. I have re-organized it for scholarly use as a separate text, with the references included and with footnotes instead of endnotes. I...