A Theory of Value (Routledge Frontiers of Political Economy)

A Theory of Value (Routledge Frontiers of Political Economy)

By: Luigi L. Pasinetti (author), Angelo Reati (editor)Hardback

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A prominent member of the second generation of Cambridge Keynesians, Luigi Pasinetti has been a key player in the development of neo-Ricardian economics as well. Having studied under Piero Sraffa at Cambridge, he developed a mathematical representation of Ricardo's theory of value and distribution, as well as the reswitching problem in neoclassical capital theory: thus making him a leader of the British Cambridge side during the Cambridge Capital Controversy. Since leaving Cambridge for Rome, he has become particularly interested in structural change, i.e. the responses of multi-sectoral models of the economy to technical changes. This book draws together Pasinetti's main contributions in the field of value theory.

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About Author

Luigi Pasinetti is one of the most influential economists of the past half century and a key figure in the development of the Post-Keynesian and Neo-Ricardian schools of economics.


1. Introduction 2. The Basic Philosophical Approach 3. The Input-output Approach and the Theory of Value 4. Vertical Integration and the Labour Theory of Value: A Step by Step Approach 5. A Generalised Theory of Labour Value

Product Details

  • publication date: 30/03/2013
  • ISBN13: 9780415416269
  • Format: Hardback
  • Number Of Pages: 256
  • ID: 9780415416269
  • ISBN10: 0415416264

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