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Misunderstanding Classical Economics? A Reply to Blaug

In: Capital Theory, the Surplus Approach, and Effective Demand

Author

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  • Pierangelo Garegnani

    (Roma Tre University)

Abstract

From Professor Blaug History of Political Economy 31:213–236, 1999 article (unspecified page references are to it) there emerges the paradox that an interpretation pointing to the basic role of institutional and historical factors in the classical theory of distribution and capital accumulation is criticized as “amazingly narrow” (215), one that looks at those economists “‘through the lenses of the linear production model’” (234).

Suggested Citation

  • Pierangelo Garegnani, 2024. "Misunderstanding Classical Economics? A Reply to Blaug," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 341-352, Springer.
    • Handle: RePEc:spr:spshcp:978-3-031-23643-3_8
    DOI: 10.1007/978-3-031-23643-3_8
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    Cited by:

    1. Heinz D. Kurz & Neri Salvadori, 2011. "In Favor of Rigor and Relevance: A Reply to Mark Blaug," History of Political Economy, Duke University Press, vol. 43(3), pages 607-616, Fall.
    2. Duccio Cavalieri, 2009. "Sull'inseparabilit? delle strutture sintattiche nell'analisi classica del valore e della distribuzione," STUDI ECONOMICI, FrancoAngeli Editore, vol. 0(97), pages 5-46.
    3. Pierangelo Garegnani, 2005. "Capital And Intertemporal Equilibria: A Reply To Mandler," Metroeconomica, Wiley Blackwell, vol. 56(4), pages 411-437, November.
    4. Pierangelo Garegnani, 2024. "On a Turning Point in Sraffa’s Theoretical and Interpretative Position in the Late 1920s," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 491-525, Springer.
    5. Sergio Cesaratto, 2019. "Heterodox economics and Economic Anthropology: reflections prompted by two books," Department of Economics University of Siena 807, Department of Economics, University of Siena.
    6. Roberto Ciccone, 2021. "A note on capital obsolescence (and underutilization) in classical and neoclassical normal positions," Bulletin of Political Economy, Bulletin of Political Economy, vol. 15(2), pages 123-146, December.

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