From Exploitation to Altruism

From Exploitation to Altruism

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Ian Steedman, a distinguished economic theorist, is also well known for his writings on Marx, Sraffa and on the history of economic thought. This new volume brings together some of his most important contributions. The volume covers a wide range of topics in classical and contemporary economic thought. Steedman examines the role of heterogeneous labour in classical theory; Ricardo's theory of trade and Marx's critique of Ricardo; and problems internal to Marx's own arugments. He also discusses the work of P. H. Wicksteed and W. S. Jevons, analysing Wicksteed's critique of Marx, Jevon's capital theory, conflicts of `trade' interest, and rationality and altruism in Wicksteed's thought. In the final part of the volume Steedman discusses the nature and sources of individual preferences. This book combines an interest in the history of economic thought with a concern for precise reasoning in economic theory. While providing a clear and rigorous analysis of the work of major theorists, it also addresses some of the key questions in political economy and economic theory more

Product details

  • Hardback | 264 pages
  • 152 x 229mm | 533g
  • Polity Press
  • Oxford, United Kingdom
  • indexes
  • 0745605249
  • 9780745605241

Table of contents

Heterogeneous labour and "classical" theory; heterogeneous labour, money wages and Marx's theor; "On Foreign Trade"; Marx on Ricard; positive profits with negative surplus valu; natural prices, differential profit rates and the classical competitive process; P.H. Wicksteed's Jevonian critique of Marx; Jevons's theory of capital and interes; trade interest versus class interest; rationality, economic man and altruism in Philip H. Wicksteed's "Common Sense of Political Economy"; economic theory and intrinsically non-autonomous preferences and beliefs; time preference, the rate of interest and abstinence from more