Kurz and Salvadori's thoroughly accounts for the recent developments in the classical theory of value and distribution. The authors, however, claim that long-period classical analysis can only deal with stationary economies, or economies in balanced growth, and restrict their theoretical...

Part A -- Chapter 1. The Classical Theory of Value and Distribution -- Chapter 2 .Circular Flow of Capital and Social Reproduction -- Chapter 3. Controversial Issues in the Theories of Value and Distribution: The 'Transformation Problem' and the 'Capital Theory Critique' -- Chapter 4. Labour...

The book presents a rigorous reconstruction of Ricardo's contribution to economic theory and a unifying interpretation of the key issues of Ricardo's research. Part One deals primarily with the problems of value and distribution Part Two deals specifically with the issues of distribution and...

This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx,...