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Routledge Capital Theory and Political Economy - Routledge Economics

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Description

Explore the groundbreaking Capital Theory Debates that reshaped modern economic thought in this comprehensive Routledge examination. Beginning with Piero Sraffa's influential critique of neoclassical theory in the 1960s, this book traces how income distribution changes create complex interactions within economic systems that defy traditional price prediction models. The analysis reveals why factor prices cannot simply depend on relative scarcities as classical economics once assumed. Moving beyond the original debates of the 1960s, this work revisits these ideas through the lens of 1980s scholarship and contemporary economic theory, offering readers a thorough understanding of how capital theory continues to influence discussions of prices, income distribution, and economic stability across different market conditions and policy environments.

Key Features

Covers the Capital Theory Debates of the 1960s and Piero Sraffa's critique of neoclassical price theory foundations.

Examines how income distribution changes create unpredictable price movements within economic systems.

Published by Routledge as part of the Frontiers of Political Economy series for advanced economic study.

Traces the evolution of capital theory from the 1960s through 1980s scholarship to contemporary analysis.

Addresses core questions about factor prices, income distribution, and macroeconomic stability in modern economies.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
31 May 2021
Listed Since
01 December 2020

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