Details

Autor(en) / Beteiligte

• Garegnani, Pierangelo

Titel

Professor Foley and Classical Policy Analysis

Ist Teil von

• Review of political economy, 2007-04, Vol.19 (2), p.221-242

Ort / Verlag

Routledge

Erscheinungsjahr

2007

Quelle

Taylor & Francis Journals Auto-Holdings Collection

Beschreibungen/Notizen

• I must first of all say that I welcome Professor Foley's well-informed views & stimulating comments on what I have elsewhere called 'the theoretical world of the old classical economists.' I will here be concerned with three issues among those he raises in his review article, namely: (a) the structure of classical theories & the existence of an analytical 'core' in them; (b) whether in the classical approach to distribution & prices the conception of capital is subject to the same critique raised against the notion of a 'quantity of capital' in neoclassical theories: this will require some clarification of the critique itself; (c) the implications of the classical approach for policy analysis. Adapted from the source document.