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Public Debt and J.S. Mill’s Conjecture: A Note

Tsoulfidis, Lefteris - In: HISTORY OF ECONOMIC THOUGHT AND POLICY 2013/2 (2013) 2, pp. 93-102

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...

Persistent link: https://www.econbiz.de/10010876311

Public Debt and J.S. Mill’s Conjecture: A Note

Tsoulfidis, Lefteris - 2012

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...

Persistent link: https://www.econbiz.de/10010838302

'Cost of Production' and the Theory of the Rate of Profit

Eatwell, John - 2019

Adam Smith set economists and examination question: what determines long-run normal prices and the associated rate of profit. The fundamental difficulty is that the long-run equilibrium prices of reproducible means of production (Smith's “natural” prices) must satisfy two conditions at the...

Persistent link: https://www.econbiz.de/10012891047

A dialogue concerning the two chief systems of value

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1998

This paper was presented to the Brasilian Society for Political Economy at its 1998 conference. It presents the principal differences between the temporal and the simultaneist approach to the theory of value. It was the first paper to present a formal conceptual analogy between the temporal...

Persistent link: https://www.econbiz.de/10005837170

The Psychopathology of Walrasian Marxism

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1996

This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit...

Persistent link: https://www.econbiz.de/10005620036

Marx After Marx After Sraffa

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2002

This paper was originally presented at a conference on value organized by the Laboratory for Social Change in Rome, which staged a debate on value theory involving Andrew Kliman, Alan Freeman, Mino Carchedi, Gary Mongiovi, Fabio Petri, Duncan Foley, and Ernesto Screpanti. The paper was a...

Persistent link: https://www.econbiz.de/10005621765

Classical vs. Neoclassical Conceptions of Competition

Tsoulfidis, Lefteris - 2011

This article discusses two major conceptions of competition, the classical and the neoclassical. In the classical … conception, competition is viewed as a dynamic rivalrous process of firms struggling with each other over the expansion of their … market shares. This dynamic view of competition characterizes mainly the works of Smith, Ricardo, J.S. Mill and Marx; a …

Persistent link: https://www.econbiz.de/10009141689

Marx: The Spectre Haunting Economics

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1998

This paper was presented to the 1998 conference of the Brazil Society for Political Economy. Two short sections are flagged for later incorporation, and this never happened so the article is until now unpublished. The ground these were to address is fully covered elsewhere, however this text...

Persistent link: https://www.econbiz.de/10011111695

Classical vs. Neoclassical Conceptions of Competition

Tsoulfidis, Lefteris - Volkswirtschaftliche Fakultät, … - 2011

This article discusses two major conceptions of competition, the classical and the neoclassical. In the classical … conception, competition is viewed as a dynamic rivalrous process of firms struggling with each other over the expansion of their … market shares at the expense of their competitors. This dynamic view of competition characterizes mainly the works of Smith …

Persistent link: https://www.econbiz.de/10011113605

Revisiting Adam Smith's theory of the falling rate of profit

Tsoulfidis, Lefteris; Paitaridis, Dimitris - In: International Journal of Social Economics 39 (2012) May, pp. 304-313

theory has usually been interpreted as a result of the intensification of competition in the markets of goods and services of … the rate of profit is by far more complex than usually presented and that the intensification of competition is the result …

Persistent link: https://www.econbiz.de/10010551536

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