Classical Economics Today

Marcella Corsi is professor of economics at Sapienza University of Rome, Italy, and editor of the International Review of Sociology.Jan Kregel is director of research at the Levy Economics Institute of Bard College, USA, and professor of development finance at Tallinn University of Technology, Estonia. He is coeditor of the Journal of Post-Keynesian Economics.Carlo D’Ippoliti is associate professor of economics at Sapienza University of Rome, Italy, and editor of PSL Quarterly Review

• List of Illustrations; Preface; Acknowledgments; Chapter One The Reconstruction of an Alternative EconomicThought: Some Premises, Salvatore Biasco; Chapter Two Reflections on Unity and Diversity, the Market and Economic Policy, Jan Kregel; Chapter Three Ending Laissez- Faire Finance, Mario Tonveronachi; Chapter Four Democracy in Crisis: So What’s New?, Michele Salvati; Chapter Five The Democracy of Ideas: J. S. Mill, Liberalism and the Economic Debate, Marcella Corsi and Carlo D’Ippoliti; Chapter Six Turgot and the Division of Labor, Peter Groenewegen; Chapter Seven Agricultural Surplus and the Means of Production, Gianni Vaggi; Chapter Eight The Role of Sraffa Prices in Post- Keynesian Pricing Theory, Geoffrey Harcourt; Chapter Nine Classical Underconsumption Theories Reassessed, Cosimo Perrotta; Chapter Ten On the “Photograph” Interpretation of Piero Sraffa’s Production Equations: A View from the Sraffa Archive, Heinz D. Kurz and Neri Salvadori; Chapter Eleven On the Earliest Formulations of Sraffa’s Equations, Nerio Naldi; Chapter Twelve Normal and Degenerate Solutions of the Walras- Morishima Model, Bertram Schefold; Chapter Thirteen Trading in the “Devil’s Metal”: Keynes’s Speculation and Investment in Tin (1921– 46) 167, Maria Cristina Marcuzzo and Annalisa Rosselli; Chapter Fourteen The Oil Question, the Prices of Production and a Metaphor, Sergio Parrinello; Chapter Fifteen Europe and Italy: Expansionary Austerity and Expansionary Precariousness, Davide Antonioli and Paolo Pini; Chapter Sixteen Adam Smith and the Neophysiocrats: War of Ideas in Spain (1800– 4), Alfonso Sánchez Hormigo; Bibliography; List of Contributors; Index.