Classical Political Economy
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1 Classical Political Economy
2 Classical Political Economy A Survey of Recent Literature edited by William O. Thweatt ~. " Springer Science+Business Media, LLC
3 library 01 Congress Calaloging-in-Publicalion Oala Classical polilical economy Bibliography: p Includes index 1. Classical school of econom ies. 2. Marxian economics. L Thweatl, William O HB94.C ' ISBN ISBN (ebook) DOI / by Springer Science+Business Media New York Second Printing Originally published by Kluwer Academic Publishers, Boston in 1988 Softcover reprint of the hardcover 1 st edition 1988 AII righls reserved No pari 01 Ihis publication may be reproduced, slored in a relrieval syslem, ar Iransmilled in any larm ar by any means, mechanical, pholocopying, recording, or olherwise, wilhoullhe priar wrilten permis sion of Ihe publishers, Springer Science+Business Media, LLC
4 Contents Contributing Authors vii Introduction William O. Thweatt 2 Developments in the Literature on Adam Smith: An Evaluative Survey 13 Edwin G. West Commentary by Donald Winch 3 Recent Literature on Malthus Salim Rashid CommentarybyJ.M. Pullen 4 David Ricardo: A Review of Some interpretative Issues Terry Peach Commentary by Mark Blaug 5 John Stuart Mill Interpretation Since Schumpeter Neil de Marchi Commentary by Samuel Hollander 6 Classical Reassessments Denis P. O'Brien Commentary by R. D. Collison Black v
5 vi 7 Some Developments in Marxian Theory Since Schumpeter Antonio Callari Commentary by John E. Elliott Author Index Subject Index CONTENTS
6 Contributing Authors R. D. Collison Black is Emeritus Professor of Economics in the Queen's University of Belfast. His publications include Economic Thought and the Irish Question (1960), an edition of The Economic Writings of Mountifort Longfield (1971), and an edition in seven volumes of the Papers and Correspondence of William Stanley Jevons prepared for the Royal Economic Society ( ), as well as numerous articles in leading journals. Mark Blaug is Professor Emeritus of the Economics of Education at the University of London and Consultant Professor of Economics at the University of Buckingham. He is the author of Ricardian Economics (1958), Economic Theory in Retrospect, 4th edition (1985), The Methodology of Economics (1980), Great Economists Since Keynes (1984), Great Economists Before Keynes (1986), Economic History and the History of Economics (1986), and numerous articles in leading journals. Antonio Callari is Associate Professor of Economics at Franklin and Marshall College. His publications have appeared in History of Political Economy, Review of Radical Political Economics, Research Annuals in Political Economy, and the Eastern Economic Journal. Neil de Marchi is Professor of Economics at Duke University and Extraordinary Professor of History and Methodology of Economics within the Department of Macro-Economics at the University of Amsterdam. His articles have appeared in History of Political Economy of which he is Associate Editor, Journal of Law and Economics, Oxford Economic Papers, American Economic Review, Philosophy of Science, and he has contributed several chapters in books on politics and the history of economics. John E. Elliott is Professor of Economics at the University of Southern California. He has published Marx and Engels on Economics. Politics and Society (1981), Comparative Economic Systems (1985), and his articles have appeared in Quarterly Journal of Economics, Economic Inquiry, History of Political Economy, vii
7 viii CONTRIBUTING AUTHORS Journal of Economic Behavior, Journal of Economic Issues, and the Review of Social Economy. Samuel Hollander is Professor Economics at the University of Toronto. He has published numerous articles in leading journals as well as The Economics of Adam Smith (1973), The Economics of David Ricardo (1979), The Economics of John Stuart Mill (1985), Classical Economics (1987), and he is currently at work on The Economics of Thomas Robert Malthus. Denis P. O'Brien is Professor of Economics at Durham University. In addition to articles in many economic journals, he is the author of J. R. McCulloch: A Study in Classical Economics (1970), The Correspondence of Lord Overstone (1971), The Classical Economists (1975), Pioneers of Modern Economics, co-editor with J.R. Presley (1981), and Authorship Puzzles in the History of Economics, with A.C. Darnell (1982). Terry Peach is Lecturer in Economics at the University of Manchester. He has published in the Economic Journal and has a major work on David Ricardo forthcoming from the Cambridge University Press. John M. Pullen is Professor of Economics at the University of New England. He is the editor of a Variorum Edition of T. R. Malthus, Principles of Political Economy, two volumes to be published by the Cambridge University Press for the Royal Economic Society in His articles have appeared in leading economic journals, and he has submitted the entry on Malthus for The New Palgrave Dictionary of Economics. Salim Rashid is Professor of Economics at the University of Illinois-Champaign. He has published articles in History of Political Economy, The Eighteenth Century, Hume Studies, Southern Economic Journal, and Journal of the History of Ideas. William O. Thweatt is Professor Economics at Vanderbilt University. His articles have appeared in History of Political Economy, Social Research, Journal of International Economics, Indian Economic Review, Journal of Economic Issues, Quarterly Review of Economics and Business, Scottish Journal of Economics, and The Mill Newsletter. Edwin G. West is Professor of Economics at Carleton University. His articles have appeared in numerous journals including the Journal of Political Economy, Uoyds Bank Review, Southern Economic Journal, Journal of Law and Economics, and Oxford Economic Papers. Donald Winch is Professor of Economics at The University of Sussex. His recent books are Adam Smith's Politics (1978) and That Noble Science of Politics, with Stefan Collini and John Burrow (1983). He also edited the Economic Writings of James Mill (1966). A short study of Malthus is to be published in 1987.
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