Search results for "Classical Economics"
showing 4 items of 54 documents
Merit, Competition, Distinction
2018
The article presents a critique of competition by introducing a concept called 'distinction'. Competition is thought to work as a guarantee of the fairness of meritocratic procedures (merit-based recruiting in the job market or e.g. entrance examinations). However, fairness created by competition is, even at its best, only relative. This critique is then used a part of a larger critique of the role of merit in society.
“Natural wages dynamics in a Ricardian growth model”
2006
Ricardian growth models are generally built on the assumption of a constant natural wage. Such an assumption conceals the fact that classical economists were aware that in growing economies workers' normal pattern of consumption steadily rise both in terms of quantity and quality. In the first part of the chapter we gather some classical hints on the relationship between economic growth and natural wages in order to provide a rational reconstruction of the classical point of view on natural wage dynamics. In the second part of the chapter we propose a formal analysis of the dynamics of a Ricardian model with endogenous natural wage
Mark Blaug revisited: a rebel with many causes
2022
We clarify Blaug’s thought as well as Sraffa’s though on the relationship between rational and historical reconstructions we devote a section to the analysis of some of Sraffa’s unpublished documents concerning the reconstruction of Classical economics.
IPE scholarship about Southeast Asia : Theories of development and state-market-society relations
2020
Contemporary Southeast Asia is a diverse region that is fully integrated into the world economy. Its eleven constituent countries are distinct with unique historical, political, economic, and cultural configurations – as such, they develop unevenly within, and respond accordingly to, the evolution of the global capitalist system. This chapter provides a survey of literatures, themes and debates that have significantly contributed to the study of Southeast Asia from the discipline of international political economy (IPE). It shows how specific IPE scholarship about Southeast Asia since the 1950s have been framed within the general theories of development (i.e., modernization and dependency) …