The treatment of exhaustible resources in the context of classical theory is currently the object of intense debate. In particular, different views are held as to whether the classical 'normal positions' can adequately deal with the prices for the use of exhaustible resources (royalties), and...

This note critically evaluates the “macro-monetary†interpretation of Marx’s theory presented by Moseley (2000) in opposition to the traditional view rooted in the work of Bortkiewicz. The first part argues that the textual evidence from Capital sharply contrasts with the basic...

This thought-provoking book discusses the concept of progress in economics and investigates whether any advance has been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of...

This paper discusses the widespread view that the classical determination of relative prices is closely connected to the study of the conditions allowing for the 'reproduction' of the economy. It is argued that this view obscures the generality of Sraffa's contribution and, furthermore, that it...

During the last forty years, general equilibrium theorists have been especially concerned with the analysis of economies in which forward markets for commodities are limited in number or nonexistent and trade takes place sequentially over time. Many distinguished scholars approached the study of...

The treatment of exhaustible resources in the context of classical theory is currently the object of intense debate. In particular, different views are held as to whether the classical ‘normal positions’ can adequately deal with the prices for the use of exhaustible resources...

The paper discusses the widespread opinion according to which the classical determination of relative prices would be closely connected to the study of the conditions allowing for the "reproduction" of the economy. It is argued that this view obscures the generality of Sraffa's contribution, and...

This paper examines the critical remarks that D’Orlando (2005) addresses to the classical theory of value based on ‘normal’ positions and briefly comments on the alternative dynamic analysis of short-run prices that he recommends. In particular, the first part refutes...

This note critically evaluates the ‘macro-monetary’ interpretation of Marx’s theory presented by Moseley (2000) in opposition to the traditional view rooted in the early work of Bortkiewicz. The first part argues that the textual evidence from Capital sharply contrasts with...