The Cambridge Revival of Political Economy, 1st Edition eBook

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The marginalist revolution of the late nineteenth century consolidated what Karl Marx and Piero Sraffa called ‘vulgar economy’, bringing with it an emphasis on a scarcity theory that replaced the classical surplus theory. However, the classical political economy of Adam Smith and David Ricardo has been revived within the Cambridge economic tradition. This book looks at how different branches of the Cambridge economic tradition have focused on various aspects of this revival over time. The author shows that classical political economy is distinct from vulgar political economy in terms of its economic, social, and ethical theory, with each difference resting on an issue of ontology. Structured in three parts, the book examines the central contested aspects of these theories, namely the nature of value, the relationship between human beings and social structure, and the nature of human wellbeing. The Cambridge Revival of Political Economy will be relevant to students and researchers within the fields of political economy, history of economic thought, politics and philosophy.

This is a digital product.

The Cambridge Revival of Political Economy 1st Edition is written by Nuno Ornelas Martins and published by Routledge. The Digital and eTextbook ISBNs for The Cambridge Revival of Political Economy are 9781134666492, 1134666497 and the print ISBNs are 9780415676847, 0415676843. Additional ISBNs for this eTextbook include 9780415676830, 9781134666423, 9781134666560, 9781315883915.