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Thomas, Alex M.
- Ricardo’s Principles, 200 Years Later
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1 School of Liberal Studies, Azim Premji University, PES Campus, Pixel Park, B Block, Electronics City, Hosur Road, IN
1 School of Liberal Studies, Azim Premji University, PES Campus, Pixel Park, B Block, Electronics City, Hosur Road, IN
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Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 59, No 4 (2017), Pagination: 334-338Abstract
David Ricardo’s 1817 work, On the Principles of Political Economy, and Taxation (Principles hereafter), is a classic in economics, and revised editions were published in 1819 and 1821. Unfortunately, all classics are ill-fated because they are often quoted but seldom read. Classics are revered and quotations from them adorn the walls of economics departments. Another way in which economics students learn about Ricardo is in the initial chapters of their textbooks, suggesting that these ideas were once-upon-a-time relevant, and that the current economics is an intellectual advance over Ricardo’s economics. It is in this way that his comparative advantage theory, growth theory, rent theory, and tax theory have been assimilated into various textbooks.
References
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- Arun Bose on Sraffa:Value Theory and Demand
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Authors
Affiliations
1 School of Liberal Studies, Azim Premji University, Bengaluru 560100, Karnataka, IN
1 School of Liberal Studies, Azim Premji University, Bengaluru 560100, Karnataka, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 60, No 1 (2018), Pagination: 17-33Abstract
This paper provides a detailed account of the engagement of Arun Bose (1919-2003), the Marxist economist, with Piero Sraffa’s Production of Commodities by Means of Commodities (1960), based on the articles he published in the 1960s in the Economic Journal and Economic Weekly. The paper closely deals with the two fundamental aspects of Bose’s involvement with Sraffa’s 1960 book: (a) the assumption of constant returns to scale and (b) the role of demand in value theory. The Bose-Sraffa engagement yields a useful output – an interpretation of Sraffa’s work, in the tradition of the classical economists.References
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- A Brief History of Economic Thought:A Review Essay
Abstract Views :535 |
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Authors
Affiliations
1 Azim Premji University, Bengaluru 560100, Karnataka, IN
1 Azim Premji University, Bengaluru 560100, Karnataka, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 61, No 4 (2019), Pagination: 364-372Abstract
After the 2007 Global Financial Crisis, although there has been a renewed interest in the history of economic thought (HET hereafter) worldwide, it still occupies a marginal presence in the economics curriculum. In India, among other places, HET is taught in Ambedkar University Delhi, Azim Premji University, Calcutta University, Central University of Karnataka, Purnea University, and several colleges in Bihar and Kerala. The syllabi for HET at most of these institutions are not updated with the latest research articles and books in this area. This review essay is also intended to serve as a roadmap for HET courses by underscoring important conceptual issues and themes in the history of economic thought as well as broader concerns like the sociology of economic thought.References
- Ambirajan, S. (1978), Classical Political Economy and British Policy in India, Cambridge: Cambridge University Press.
- Aspromourgos, T. (2009), The Science of Wealth: Adam Smith and the Framing of Political Economy, London: Routledge.
- Bharadwaj, K. [1976] (1986), Classical Political Economy and Rise to Dominance of Supply and Demand Theories, Hyderabad: Universities Press.
- Groenewegen, P.D. (Ed.) (2001), Physicians and Political Economy: Six Studies of the Work of Doctor Economists, London: Routledge.
- Kurz, H. (2016), Economic Thought: A Brief History, transl. by Jeremiah Riemer, New York: Columbia University Press.
- Mirowski, P. (1989), More Heat than Light: Economics as Social Physics, Physics as Nature's Economics, Cambridge: Cambridge University Press.
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- ---------- (2009), Piero Sraffa, Houndmills: Palgrave Macmillan.
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- Thomas, A.M. (2016), [review of Kurz 2016], Economic & Political Weekly, 51(43): 35–38.