A General Equilibrium Theory of Distribution and Growth
By (author) Michio Morishima
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Ricardo's Economics by Michio Morishima
Book DescriptionThis book, together with Marx's Economic and Walras' Economics, completes a sequence of titles by Professor Morishima on the first generation of scientific economists. The author's assessment of Ricardo differs substantially from the established views adopted by economists and historians of economic thought. While economists such as Pasinetti, Caravale and Samuelson have concentrated on macroeconomic interpretations of Ricardo, and historians of economic thought have emphasised his labour theory of value, Morishima takes a different course. In this book the author concentrates on Ricardo's main work, The Principles, and shows that his economics is the prototype of mathematical economies without the symbols and formulae. Morishima then translates Ricardo's economics into mathematical language to find a general equilibrium system (very similar to Walras') concealed within. The analysis also contradicts the conventional view that marginalism emerged in opposition to classical economics, showing instead that Ricardian analysis is firmly based on marginalist principles, using prices, wages and profits rather than labour values. The book ends with a discussion of the historical character of economic theory and an attempt to specify the epoch of Ricardian economics.
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Book DetailsISBN: 9780521396882
(216mm x 138mm x 15mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 25-Oct-1990
Country of Publication: United Kingdom
Books By Author Michio Morishima
Working of Econometric Models, Paperback (January 2010)
Examines the results of five empirical studies dealing with applications of the general equilibrium models.
Dynamic Economic Theory, Paperback (September 2009)
This book devolops multi-sector general equilibrium theory in the tradition of Hicks's Value and Capital.
Collaborative Development in Northeast Asia, Hardback (October 2000)
This work is concerned with an imaginary world as Joseph A. Schumpter was in "Capitalism, Socialism and Democracy". It explicitly assumes that both "politicians" and "entrepreneurs" are active in making innovations in the political and business worlds respectively.
Japan at Deadlock, Hardback (August 2000)» View all books by Michio Morishima
Since the beginning of the 1990s, Japan's economy has been in decline. This change is investigated through a variety of standpoints, using an in-depth knowledge of the Japanese ethos, national history, educational background, as well as the sociology of the Japanese economy and business world.
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