Search results for "Marginalism"
showing 5 items of 5 documents
“Piero Sraffa’s Lectures on the Advanced Theory of Value 1928 - 1931 and the rediscovery of the classical approach”
2005
Sraffa's Lectures on the Advanced Theory of Value 1928–1931 and his two preparatory Notes of summer and November 1927 provide a wealth of material, up to now unpublished, for a reconstruction of the early stage of his inquiry into the cognate fields of pure economic theory and its history. The three manuscripts show that in the late 1920s Sraffa rejected the Marshallian constant-cost interpretation of classical economics, an interpretation to which he had adhered in his 1925 and 1926 papers. Moreover, in the Lectures, Sraffa presents for the first time his own interpretation of classical economics based on the concepts of surplus, physical real costs and asymmetric treatment of distributive…
Il marginalismo giuridico di Gaetano Filangieri
2009
This work aims at presenting the elements of marginalist analysis which occur in the thought of Gaetano Filangieri. In the pages of La Scienza della Legislazione the Neapolitan writer shows the tendency to develop a utilitarian investigation which pays attention to the judgements individuals make over social phenomena at the margin point. A proof of this tendency can be found in the explanation of the principle of decreasing marginal utility, argued in Head XXXI of Book III, which represents one of the most effective demonstrations that can be found before the end of XIX century literature. The most remarkably original fact is that, of all the five parts which compose the Filangierian work,…
Piero Sraffa's lectures on the advanced theory of value 1928–31 and the rediscovery of the classical approach
2005
Abstract Sraffa's Lectures on the Advanced Theory of Value 1928–1931 and his two preparatory Notes of summer and November 1927 provide a wealth of material, up to now unpublished, for a reconstruction of the early stage of his inquiry into the cognate fields of pure economic theory and its history. The three manuscripts show that in the late 1920s Sraffa rejected the Marshallian constant-cost interpretation of classical economics, an interpretation to which he had adhered in his 1925 and 1926 papers. Moreover, in the Lectures, Sraffa presents for the first time his own interpretation of classical economics based on the concepts of surplus, physical real costs and asymmetric treatment of dis…
“Piero Sraffa: economic reality, the economist and economic theory. An interpretation”.
2007
We carry out a textual analysis of Sraffa's main published contributions to pure economics in order to elaborate a rational reconstruction of an aspect of Sraffa's implicit methodology which has not yet been duly investigated. We refer to the threefold relationship between ‘economic reality’, ‘the economist/observer’ and ‘economic theory’. We elucidate the constraints which, for Sraffa, should bind the economists' arbitrariness and we trace the elements of continuity and evolution from the 1925–6 critique of Marshallian economics to Production of Commodities.
Jevons on the Ricardian Theory of Distribution. An Interpretation
2004
The paper reconstructs Jevons' strategy of interpretation of Ricardian economics in the light of some hermeneutic categories. Jevons' basic goal appears to be a critical assessment of the net scientific content of Classical economics. He envisages a three steps exegetical strategy: first he points out the scientific standards all economic theories should conform to and elaborates his new economic theory in compliance with these standards; then he scrutinizes the corpus of received economic doctrines in the light of his theory and, finally, he passes his sentence. Jevons' belief that truth in economics is one prevents him to recognize that what he calls scientific errors may actually be theo…