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"Walter Eltis's account of the theories of economic growth and income distribution of Francois Quesnay, Adam Smith, Robert Malthus, David Ricardo and Karl Marx is reprinted here with a substantial new introduction which sets their work in a broader context. He re-states their individual contributions rigorously with extensive references to the original texts. He shows how each developed the work of his predecessors to produce a coherent and distinctive classical theory of growth.".
"These accounts are complete in themselves. In combination they also offer a general statement of the classical theory of economic growth. In this, only part of the economy creates an investable surplus over costs, and growth depends on the reinvestment of a sufficient fraction of that surplus. Decline is inevitable if luxury consumption or unproductive government expenditure exceeds the surplus that the productive sector generates.".
"The book includes clear and comprehensible accounts of Quesnay's Tableau economique, Smith's theory of capital accumulation and growth, and Malthus's theories of population and effective demand. It continues with Ricardo's theory of income distribution and Marx's theory of exploitation and his account of how a declining rate of profit will lead to the eventual collapse of capitalism."--BOOK JACKET.
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The classical theory of economic growth
2000, Palgrave
in English
- 2nd ed.
0333803000 9780333803004
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The Classical theory of economic growth
1984, St. Martin's Press
in English
0312142641 9780312142643
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The Classical theory of economic growth
1984, St. Martin's Press
in English
0312142641 9780312142643
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Book Details
Edition Notes
Bibliography: p. 357-365.
Includes index.
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- Created April 1, 2008
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April 27, 2011 | Edited by OCLC Bot | Added OCLC numbers. |
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