Topics in Classical Micro- and Macroeconomics - Elements of a Critique of Neoricardian Theory

This book demonstrates that classical micro- and macroeconomics, in particular in the tradition of Smith, Ricardo and Marx, can be synthesized into a coherent whole from the perspective of formal model building as well as applied Leontief-Stone systems of national accounts and the input-output approaches built on them. This reformulation of classical economics differs significantly from the static Neoricardian formalization of the classical approach to economics. The book presents a collection of revised versions of papers that were written between 1983 and 2000, some jointly with coauthors, and supplements them in a coherent way with recent unpublished work on the subject. TOC:Labor Values: Theory and Measurement.- Production Prices and the Standard Commodity. A Critical Reassessment.- Gravitation or Convergence in Classical Micro-Dynamics.