Competition, Value and Distribution in Classical Economics

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This volume features essays that delve into the Classical economists' approach to economic issues, highlighting its relevance today, particularly through the lens of Sraffa, Smith, Ricardo, and Marx. The collection begins with an introduction to both historical and contemporary Classical Economics. It includes a detailed examination of David Ricardo's methods for clarifying economic principles amidst complexities, as well as an analysis of his views on machinery. The contributions of Sraffa are critically assessed, focusing on his critique of partial equilibrium analysis and the implications for long-run market supply curves. Further discussions explore Sraffa's interpretations of production equations and their connections to Marx's work. The essays also address the Classical concepts of competition and monopoly, revisiting these notions through the works of Neri Salvadori and Rodolfo Signorino, who analyze competition and fill gaps in Adam Smith's monopoly theory. Additionally, Kurz examines Smith's perspectives on markets and competition, emphasizing the violations of natural liberty. Overall, the volume provides a comprehensive exploration of Classical economic thought, its historical significance, and its renewed interest in modern economic discourse.