Classical Political Economy A Survey of Recent Literature

William O. Thweatt This book is the second in three surveys of the literature in the history of economic thought in the Kluwer Recent Economic Thought series. The first book, covering the pre-classical literature, has already been published; a third, on t

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Classical Political Economy A Survey of Recent Literature

edited by

William O. Thweatt

" ~.

Springer Science+Business Media, LLC

library 01 Congress Calaloging-in-Publicalion Oala Classical polilical economy Bibliography: p Includes index 1. Classical school of econom ies. economics. L Thweatl, William O HB94.C42 1987 330.15'3

2. Marxian

87-3394

ISBN 978-90-481-5815-7 ISBN 978-94-015-7782-3 (eBook) DOI 10.1007/978-94-015-7782-3

© 1988 by Springer Science+Business Media New York

Second Printing 1995.

Originally published by Kluwer Academic Publishers, Boston in 1988 Softcover reprint of the hardcover 1st edition 1988

AII righls reserved No pari 01 Ihis publication may be reproduced, slored in a relrieval syslem, ar Iransmilled in any larm ar by any means, mechanical, pholocopying, recording, or olherwise, wilhoullhe priar wrilten permis sion of Ihe publishers, Springer Science+Business Media, LLC

Contents

Contributing Authors

vii

Introduction William O. Thweatt 2

Developments in the Literature on Adam Smith: An Evaluative Survey Edwin G. West

13

Commentary by Donald Winch

45

3

53

Recent Literature on Malthus Salim Rashid

CommentarybyJ.M. Pullen 4

David Ricardo: A Review of Some interpretative Issues Terry Peach

85 103

Commentary by Mark Blaug

132

5

137

John Stuart Mill Interpretation Since Schumpeter Neil de Marchi

Commentary by Samuel Hollander

163

6

179

Classical Reassessments Denis P. O'Brien

Commentary by R. D. Collison Black

221

v

vi 7

CONTENTS

Some Developments in Marxian Theory Since Schumpeter

Antonio Callari

227

Commentary by John E. Elliott

259

Author Index

267

Subject Index

273

Contributing Authors

R. D. Collison Black is Emeritus Professor of Economics in the Queen's University of Belfast. His publications include Economic Thought and the Irish Question (1960), an edition of The Economic Writings of Mountifort Longfield (1971), and an edition in seven volumes of the Papers and Correspondence of William Stanley Jevons prepared for the Royal Economic Society (1971-81), as well as numerous articles in leading journals. Mark Blaug is Professor Emeritus of the Economics of Education at the University of London and Consultant Professor of Economics at the University of Buckingham. He is the author of Ricardian Economics (1958), Economic Theory in Retrospect, 4th edition (1985), The Methodology of Economics (1980), Great Economists Since Keynes (1984), Great Economists Before Keynes (1986), Economic History and the History of Economics (1986), and numerous articles in leading journals. Antonio Callari is Associate Professor of Economics at Franklin and Marshall College. His publications have appeared in History of Political Economy, Review of Radical Political Economics, Research Annuals in Political Economy, and the Eastern Economic Journal. Neil de Marchi is Professor of Economics at Duke University and Extraordinary

Professor of History and Methodology of Economics within the Department of Macro-Economics at the University of Amsterdam. His articles h