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Routledge Cambridge Revival of Political Economy - Economics as Social Theory

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Description

Explore how the Cambridge economic tradition has revived classical political economy in response to the marginalist revolution of the late nineteenth century. This book examines the distinction between classical political economy, rooted in the work of Adam Smith and David Ricardo, and what Karl Marx and Piero Sraffa termed 'vulgar economy'. Rather than adopting the scarcity-based theories that dominated the marginalist movement, the Cambridge school has maintained focus on surplus theory and classical approaches to economic analysis. The author traces how different branches of Cambridge economics have engaged with this revival across decades, offering insights into the intellectual history of economic thought and the ongoing debate between classical and modern economic frameworks.

Key Features

Routledge publishes this volume as part of the Economics as Social Theory series, providing academic rigour and scholarly credentials.

The book examines the marginalist revolution and its impact on economic theory, contrasting it with classical political economy approaches.

Classical political economy from Adam Smith and David Ricardo receives detailed analysis within the Cambridge economic tradition.

The author explores how different branches of Cambridge economics have focused on reviving classical approaches over time.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
19 October 2013
Listed Since
03 February 2011

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