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Features a collection of essays on the Irish and English economists of the 18th and 19th centuries.
Samuel Hollander's interpretation of Ricardo has attracted apoplectic responses from both Right and Left. This volume collects together the material needed to evaluate these responses. His basic position - that Ricardo stands in a continuous analytical line leading from Adam Smith to Alfred Marshall - is seen to antagonise both those who argue for a 'marginal revolution' and a sharp divide between classical and neo-classical economics, and those who want to champion Ricardo as a forerunner of Sraffa.
This edition of a classic textbook is an essential reference for students and scholars in the input-output research and applications community. New topics covered include SAMs (and extended input-output models) and their connection to input-output data, structural decomposition analysis (SDA), multiplier decompositions, identifying important coefficients, and international input-output models.
The essays in this collection argue that the 'classical' approach to economic problems holds the key to an explanation of important present day economic phenomena.
The well known economists Kurz and Salvadori cover original findings and new vistas on old problems including alternative interpretations of classical economics, new groth theory, Sraffian theory and Von Neumann and the treatment of capital.
Development economics entail all the aspects of the development process especially meant for the developing countries to overcome the challenges that impede development. This can be through education, education and man power development, restructuring market incentives, incorporating favorable social and political approaches and practices among other factors. Human beings however need streamlined social and economic systems that are able to achieve development through major changes in social structures, national institutions, cultures and attitudes as well as eradication of poverty, reduction of income inequality and acceleration of economic growth. The developing world needs a multi-disciplinary approach and ideas so as to come out of the economic backward situation. Micheal, P describes that because of heterogeneity of the developing world, and the complexity of the development process, development economics must be eclectic, attempting to combine relevant concepts and theories from traditional economics analysis along with new models and broader multi-disciplinary approaches from historical and co temporally development experience of Africa, Asia, and Latin America. Debraj Ray puts it that development economics studies economics of the developing world and has made excellent use of economic theory, econometrics, anthropology, sociology, political science, biology and demography. It needs a lot more dimensional approach to understand it.