Routledge - The Cambridge Revival of Political Economy Book

Explore the deep history of economic thought with The Cambridge Revival of Political Economy (Economics as Social Theory). This scholarly work by Routledge examines the shift from classical surplus theory to the scarcity theory introduced during the marginalist revolution of the late nineteenth century. While Karl Marx and Piero Sraffa referred to this period as the rise of "vulgar economy," this book traces how the classical political economy of Adam Smith and David Ricardo found new life within the Cambridge economic tradition. Readers will learn how different branches of this tradition have approached the revival of classical ideas over time. By examining the distinction between classical political economy and vulgar political economy, this text provides a clear look at how economic theory has evolved. It is an essential resource for students and researchers interested in the social theory aspects of economics and the historical development of economic schools of thought.