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Interest in the application of the classical theory of prices, in its significance for thecritique of economic theory, and in the special aspect of joint production hasdeveloped slowly but steadily since Sraffa's Production of Commodities by Means ofCommodities (henceforth to be abbreviated as PCMC) was published in 1960. The coreof this book (Part II) consists of my PhD thesis 'Mr Sraffa On Joint Production',which was written in 1969/70 when I was first a Visitor to the Faculty of Economics,then an Advanced Student at King's College, Cambridge. At that time, almostnobody had written about the.
The thirteen essays of this book deal with various aspects of production manage ment which have shown a growing importance in research, teaching and practice within the last years and are partly neglected in the literature. The contents range from theoretical issues to case studies. Significant relations among different essays (chapters) give rise to group them into four major parts dealing with separate themes of production management: - fundamental organizational aspects of the production process, - general problems and modern concepts of materials management, - joint production with surplus, waste and hazardous byproducts, - production aspects of cutting stock and trim loss problems. Moreover, there is a strong material connection between the contributions to this volume because they all are based on a common conceptual framework emphasizing the production theoretic foundation. The collection of papers in this book is also designed to provide a fairly comprehensive picture of scientific work in the field of production management done during the last years at the Institute of Production Economics of the Fern universiUit in Hagen, partly in cooperation with other scientists. Since all but two articles have not been published in English before, the reader gets quite a new view on the results of this recent research.
New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth.
This book is a major contribution to the study of political economy. With chapters ranging from the origins of political economy to its most exciting research fields, this handbook provides a reassessment of political economy as it stands today, whilst boldly gesturing to where it might head in the future. This handbook transcends the received dichotomy between political economy as an application of rational choice theory or as the study of the causes of societies’ material welfare, outlining a broader field of study that encompasses those traditions. This book will be essential reading for academics, researchers, students, and anyone looking for a comprehensive reassessment of political economy.
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This book focuses on the interrelationship between nature and the human economy. Building upon his decades of research into classical and Keynesian economics, Tony Aspromourgos here turns his attention to the interrelationship between nature and the human economy. The result is a tightly argued, concise but comprehensive interpretation of that vital issue, undertaken in the framework of a Classical-Keynesian synthesis. The classical dimension is utilization of a surplus approach to production and distribution, and the Keynesian dimension, incorporation of demand-side determination of economic activity levels and growth. In this conception the human economy is understood as a circular flow but an incompletely circular system: crucially dependent upon nature both as a source of finite non-renewable and exhaustible resources for human production and consumption and as the destination or ‘sink’, also finite, for the waste and pollution from that production and consumption. This is an introductory account of the subject, providing maximum accessibility by presupposing only basic knowledge of economic analysis and only elementary algebra, but including a wide-ranging guide to further and more advanced relevant literature. Part I provides a comprehensive overview of the Classical-Keynesian approach, in the usual manner of economic analysis, without systematic incorporation of nature. Part II then incorporates the various dimensions of the natureeconomy interrelationship. This book will be of great interest to readers of economic theory, economics and the environment, and heterodox economics.