Matches in SemOpenAlex for { <https://semopenalex.org/work/W4289755725> ?p ?o ?g. }
Showing items 1 to 50 of
50
with 100 items per page.
- W4289755725 endingPage "34" @default.
- W4289755725 startingPage "14" @default.
- W4289755725 abstract "Classical political economy authors - basically from William Petty in the 18th century to Karl Marx in the 19th century, including François Quesnay, Adam Smith and David Ricardo - tend to be misunderstood in modern economics. In particular, they are often seen as precursors of modern mainstream neoclassical economics. In reality, classical political economy was markedly different from the neoclassical school, which was developed after the so-called Marginalist Revolution in the 1870s, and which remains the dominant view in economics today. The crucial difference between the two schools revolves around the theory of value and distribution. Classical authors believed that economics should deal with objective, quantifiable data, and that would be instrumental in the understanding of the material conditions for the reproduction of society. Although it was fairly clear that people demanded goods and services for the satisfaction of their needs, and that a certain degree of subjectivity is inexorable once preferences are taken into consideration, classical authors tended to assume that social tastes were given, at least for short periods of time. They also assumed that the historical and institutional factors that determined social preferences were not directly relevant for the determination of prices. Prices were determined by costs of production, and for the most part the level of output was also taken as given in their analysis. The theory was concerned with the determination of the rate of profit, which was seen as central for the process of capital accumulation and growth. Competition, the process by which a uniform rate of profit was achieved, was seen as a central mechanism of the rising mercantile societies." @default.
- W4289755725 created "2022-08-04" @default.
- W4289755725 date "2022-07-22" @default.
- W4289755725 modified "2023-09-27" @default.
- W4289755725 title "The Classical School" @default.
- W4289755725 doi "https://doi.org/10.4337/9781786433848.00010" @default.
- W4289755725 hasPublicationYear "2022" @default.
- W4289755725 type Work @default.
- W4289755725 citedByCount "0" @default.
- W4289755725 crossrefType "book-chapter" @default.
- W4289755725 hasConcept C111472728 @default.
- W4289755725 hasConcept C118084267 @default.
- W4289755725 hasConcept C133425853 @default.
- W4289755725 hasConcept C138885662 @default.
- W4289755725 hasConcept C149615983 @default.
- W4289755725 hasConcept C162324750 @default.
- W4289755725 hasConcept C181622380 @default.
- W4289755725 hasConcept C202889954 @default.
- W4289755725 hasConcept C2775851008 @default.
- W4289755725 hasConcept C59753492 @default.
- W4289755725 hasConcept C6358003 @default.
- W4289755725 hasConceptScore W4289755725C111472728 @default.
- W4289755725 hasConceptScore W4289755725C118084267 @default.
- W4289755725 hasConceptScore W4289755725C133425853 @default.
- W4289755725 hasConceptScore W4289755725C138885662 @default.
- W4289755725 hasConceptScore W4289755725C149615983 @default.
- W4289755725 hasConceptScore W4289755725C162324750 @default.
- W4289755725 hasConceptScore W4289755725C181622380 @default.
- W4289755725 hasConceptScore W4289755725C202889954 @default.
- W4289755725 hasConceptScore W4289755725C2775851008 @default.
- W4289755725 hasConceptScore W4289755725C59753492 @default.
- W4289755725 hasConceptScore W4289755725C6358003 @default.
- W4289755725 hasLocation W42897557251 @default.
- W4289755725 hasOpenAccess W4289755725 @default.
- W4289755725 hasPrimaryLocation W42897557251 @default.
- W4289755725 hasRelatedWork W2014047943 @default.
- W4289755725 hasRelatedWork W2061232400 @default.
- W4289755725 hasRelatedWork W2084175306 @default.
- W4289755725 hasRelatedWork W2097549037 @default.
- W4289755725 hasRelatedWork W2155913506 @default.
- W4289755725 hasRelatedWork W2375057237 @default.
- W4289755725 hasRelatedWork W2502452726 @default.
- W4289755725 hasRelatedWork W2733891901 @default.
- W4289755725 hasRelatedWork W4225631554 @default.
- W4289755725 hasRelatedWork W4253286508 @default.
- W4289755725 isParatext "false" @default.
- W4289755725 isRetracted "false" @default.
- W4289755725 workType "book-chapter" @default.