On the Origins of Classical Economics : Distribution and Value from William Petty to Adam Smith.

By: Aspromourgos, TonyMaterial type: TextTextSeries: Routledge Studies in the History of Economics SerPublisher: London : Routledge, 1995Copyright date: ©1995Edition: 1st edDescription: 1 online resource (241 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9780203434222Subject(s): Cantillon, Richard, -- d. 1734 | Classical school of economics | Distribution (Economic theory) | Economics -- History | Petty, William, -- Sir, -- 1623-1687 | Smith, Adam, -- 1723-1790 | ValueGenre/Form: Electronic books.Additional physical formats: Print version:: On the Origins of Classical Economics : Distribution and Value from William Petty to Adam SmithDDC classification: 330.1/53 LOC classification: HB94 -- .A85 1996ebOnline resources: Click to View
Contents:
Cover -- Title -- Copyright Page -- Dedication -- Contents -- Preface -- Acknowledgements -- Note on citation practice -- 1 INTRODUCTION -- 1.1 What is classical economics? -- 1.2 The formation of the surplus approach -- 2 THE LIFE OF PETTY IN RELATION TO HIS ECONOMICS -- 2.1 Earth life -- 2.2 Ireland and the Down Survey -- 2.3 Activities, 1659-87 -- 2.4 Temperament, activities and intellectual work -- 2.5 Why economics? -- 3 ECONOMIC SURPLUS AND THE SOCIAL DIVISION OF LABOUR: THE ECONOMICS OF PETTY -- 3.1 Fundamental ideas: three models of production -- 3.2 Economic and social reform -- 3.3 Foreign trade and money -- 3.4 Material progress -- 3.5 Political arithmetic -- 3.6 Value and distribution -- 3.7 The founding of the classical surplus approach -- 4 METHODOLOGICAL AND POLITICAL BASES OF PETTY'S ECONOMICS -- 4.1 Intellectual background -- 4.2 Petty's methodological intentions: mathematical method and 'sensible' concepts -- 4.3 Political intention: the purpose of politico-economic analysis -- 4.4 The debt to Hobbes -- 4.5 The utility of science -- 5 THE THEORY OF PRODUCTION AND DISTRIBUTION IN CANTILLON'S ESSAI -- 5.1 Production and allocation of surplus -- 5.2 Distribution, intrinsic value and market price -- 5.3 Money and interest -- 5.4 Conclusion -- 6 THE SIGNIFICANCE OF VALUE PARITY IN PETTY AND CANTILLON -- 6.1 Petty's 'Natural Par between Land and Labour' -- 6.2 Cantillon's 'Equation de la Terre & du travail' -- 6.3 The relation between value parity in Petty and Cantillon -- 6.4 The significance of value parity -- 7 PETTY-CANTILLON-QUESNAY: THE FORMATION OF THE SURPLUS APPROACH -- 7.1 Concepts of surplus -- 7.2 Monetary circulation -- 7.3 Capital and profits -- 7.4 The formation of the surplus approach -- 8 WAGES, PRICES AND ECONOMIC SURPLUS IN STEUART'S PRINCIPLES -- 8.1 Competition and prices -- 8.2 Wages and subsistence.
8.3 Real values, profits and equilibrium prices -- 8.4 Incomes and surplus outputs -- 8.5 A summing up -- 9 DEVELOPMENTS IN THE THEORY OF DISTRIBUTION AND VALUE, 1662-1767 -- 9.1 The Petty-Cantillon heritage -- 9.2 Three concepts of profit -- 9.3 Value and competition -- 9.4 The fate of political arithmetic -- 10 ADAM SMITH AND AFTER -- 10.1 Mature classical economics -- 10.2 Classical versus marginalist theory -- 10.3 A generalization of the classical surplus approach -- 10.4 Developments from Sraffa and Keynes -- APPENDIX A: Petty's writings -- APPENDIX B: Contents of the 'Supplement' to Cantillon's Essai -- Notes -- References -- Index.
Summary: Examines the origin and early development of the classical theory of distribution up to 1767, stressing the concept of economic `surplus' as a key determinant of economic phenomena.
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Cover -- Title -- Copyright Page -- Dedication -- Contents -- Preface -- Acknowledgements -- Note on citation practice -- 1 INTRODUCTION -- 1.1 What is classical economics? -- 1.2 The formation of the surplus approach -- 2 THE LIFE OF PETTY IN RELATION TO HIS ECONOMICS -- 2.1 Earth life -- 2.2 Ireland and the Down Survey -- 2.3 Activities, 1659-87 -- 2.4 Temperament, activities and intellectual work -- 2.5 Why economics? -- 3 ECONOMIC SURPLUS AND THE SOCIAL DIVISION OF LABOUR: THE ECONOMICS OF PETTY -- 3.1 Fundamental ideas: three models of production -- 3.2 Economic and social reform -- 3.3 Foreign trade and money -- 3.4 Material progress -- 3.5 Political arithmetic -- 3.6 Value and distribution -- 3.7 The founding of the classical surplus approach -- 4 METHODOLOGICAL AND POLITICAL BASES OF PETTY'S ECONOMICS -- 4.1 Intellectual background -- 4.2 Petty's methodological intentions: mathematical method and 'sensible' concepts -- 4.3 Political intention: the purpose of politico-economic analysis -- 4.4 The debt to Hobbes -- 4.5 The utility of science -- 5 THE THEORY OF PRODUCTION AND DISTRIBUTION IN CANTILLON'S ESSAI -- 5.1 Production and allocation of surplus -- 5.2 Distribution, intrinsic value and market price -- 5.3 Money and interest -- 5.4 Conclusion -- 6 THE SIGNIFICANCE OF VALUE PARITY IN PETTY AND CANTILLON -- 6.1 Petty's 'Natural Par between Land and Labour' -- 6.2 Cantillon's 'Equation de la Terre & du travail' -- 6.3 The relation between value parity in Petty and Cantillon -- 6.4 The significance of value parity -- 7 PETTY-CANTILLON-QUESNAY: THE FORMATION OF THE SURPLUS APPROACH -- 7.1 Concepts of surplus -- 7.2 Monetary circulation -- 7.3 Capital and profits -- 7.4 The formation of the surplus approach -- 8 WAGES, PRICES AND ECONOMIC SURPLUS IN STEUART'S PRINCIPLES -- 8.1 Competition and prices -- 8.2 Wages and subsistence.

8.3 Real values, profits and equilibrium prices -- 8.4 Incomes and surplus outputs -- 8.5 A summing up -- 9 DEVELOPMENTS IN THE THEORY OF DISTRIBUTION AND VALUE, 1662-1767 -- 9.1 The Petty-Cantillon heritage -- 9.2 Three concepts of profit -- 9.3 Value and competition -- 9.4 The fate of political arithmetic -- 10 ADAM SMITH AND AFTER -- 10.1 Mature classical economics -- 10.2 Classical versus marginalist theory -- 10.3 A generalization of the classical surplus approach -- 10.4 Developments from Sraffa and Keynes -- APPENDIX A: Petty's writings -- APPENDIX B: Contents of the 'Supplement' to Cantillon's Essai -- Notes -- References -- Index.

Examines the origin and early development of the classical theory of distribution up to 1767, stressing the concept of economic `surplus' as a key determinant of economic phenomena.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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