Theories of Surplus and Transfer (Routledge Revivals)

Download or read book Theories of Surplus and Transfer (Routledge Revivals) written by Helen Heslop and published by Routledge. This book was released on 2014-10-10 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1990, this is an analysis of the history of western economics from Petty to Supply-Side, through the prism of the controversies over productive labour and its product. It treats the early economists’ "productive-unproductive" dichotomies as shorthands for many other sets of distinctions relevant for boundaries, value and welfare. Central to the debates is the question of whether the economy is said to generate a ‘surplus’. Economists and politicians with views on these matters include the Physiocrats, Smith and Ricardo, Marx and his Soviet and western admirers, the marginalists, Keynes, Polanyi, Becker, and Reagan. The book maps the shifting emphases that economists and social thinkers have placed on markets and ‘mode’ of production generally. This reissue will be useful to students of economic thought, welfare theory and policy, growth economics and economic systems.