From Exploitation to Altruism

From Exploitation to Altruism

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This volume covers a wide range of topics in classical and contemporary economic thought. The author 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 arguments. He also discusses the work of P.H.Wicksteed and W.S.Jevons, analysing Wicksteed's critique of Marx, Jevons' capital theory, conflicts of "trade" interest, and rationality and altruism in Wicksteed's thought. In the final part the author 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 an analysis of the work of major theorists, it also addresses some of the key questions in political economy and economic theory today. This work should interest 2nd and 3rd year students, graduates and academics in economics, with interests in economic theory and history of economic thought and also academics interested in social and political theory and Marx.
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Product details

  • Hardback | 240 pages
  • 152 x 229mm
  • Oxford, United Kingdom
  • English
  • indices
  • 0745605672
  • 9780745605678

Table of contents

Heterogeneous labour and `classical' theory; heterogeneous labour, money wages and Marx's theory; "On Foreign Trade"; Marx on Ricardo; positive profits with negative surplus value; natural prices, differential profit rates and the classical competitive process; P.H.Wicksteed's Jevonian critique of Marx; Jevons' theory of capital and interest; trade interest versus class interest; rationality, economic man and altruism in P.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 accumulation.
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