Auf Grundlage der Marx-Engels-Gesamtausgabe zeichnet Jan Hoff Rezeption und Kritik der werttheoretischen Ansätze von Petty, Smith und Ricardo durch Karl Marx nach und ordnet sie in die Entwicklung von dessen eigener Werttheorie ein. Hoff weist nach, daß sich die Marxsche Werttheorie von den...

"Drawing in particular on the work of Sraffa, Smith, Ricardo and Marx, the essays in this volume explore the characteristic features of the Classical economists' approach to economic problems, and the renewal of interest in that approach in modern times. In recent years, new material has been...

This chapter suggests that a model of a costlessly produced, competitively supplied, convertible money is compatible with a macroeconomic model with a determinate price level, a classical dichotomy between the real and monetary sectors, in which Say's Law (Identity) is valid, the latter being...

This chapter uses the classical money model introduced in Chapter 2 to explain the different views of Adam Smith and David Hume on banking and the price-specie-flow mechanism (PSFM). These differences reappeared in the debates between the Banking School and the Currency School over Peel's Bank...