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PART I: THE PH.D. DISSERTATION: A Problem in the Theory of Distribution from Ricardo to Wicksell -- PART II: CRITIQUE OF MARGINAL PRODUCTIVITY THEORIES: Heterogeneous Capital, the Production Function and the Theory of Distribution -- Switching of Technique -- On a Change in the Notion of...
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Economic, financial and social commentators from all directions and of various persuasions are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different...
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The Great Recession and the financial crisis of 2007-09 prompted ca lls for fundamental reforms of economic theory. The role of theory in economics and in recent economic events is considered in light of two recen t books: the sociologist Richard Swedberg's The Art of Social Theory and the...
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