Derived from
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21201506 HISTORY OF ECONOMIC THEORY in Economics L-33 (professor to define)
(syllabus)
Birth of Marginalism: Jevons and Menger: utility as the foundation of the value of goods; Walras: the system of general economic equilibrium; difficulties connected with the treatment of capital. Alfred Marshall: specific aspects of Marshall's value theory; claim to continuity with Ricardo's theory. Spreading marginalism and alternative lines of thought (mention). Development of the marginalist approach between the end of the 19th century and the first part of the 20th century. Two fundamental break points of the prevalence of marginalism: Keynes and Sraffa. Walras' social-political conceptions: distributive equity and social justice; Walras' criticism of Marx's value theory. Ricardo's 'macroeconomics': level of social product and Say's law; quantitative theory of money; public debt and taxation.
(reference books)
1. Appunti sulla teoria della distribuzione e del valore negli economisti classici (limited to chaps. 2-6, pp. 7-62), available at the copyshop "Copyando", via Osiense 457/d, Roma; 2. R. Ciccone, Materiale didattico per il corso di Storia del Pensiero Economico, available at the copyshop "Copyando", via Ostiense 457/d, Roma.
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