History of Economic Thought: A Critical Perspective

accumulation analysis argued Bastiat believed capi capitalist capitalist system century chapter commodities competition composition of capital consumer consumption costs created curve depended determined developed discussion distribution economic theory equal equations equilibrium exchange value existing factors factors of production firm Hodgskin human Ibid ideological imperialism important income increase individual industry inputs Jevons Keynes labor embodied labor power labor theory land landlords laws Malthus marginal productivity marginal utility Marx Marx's maximize means of production Menger ment Mill nature necessary neoclassical economics neoclassical economists neoclassical theory nomic output ownership Pareto optimality period Political Economy principle private property production process quantity rate of profit ratio rent result Ricardo Say's Law sector Senior Smith social socialist society Sraffa's subsistence supply and demand surplus value theorists theory of value Thorstein Veblen tion transformation utilitarian Veblen wage rate Walras Walras's wealth welfare economics workers wrote