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The revival of classical political economy and the Cambridge tradition: from scarcity theory to surplus theory

dc.contributor.authorMartins, Nuno O.
dc.date.accessioned2013-10-09T10:26:43Z
dc.date.available2013-10-09T10:26:43Z
dc.date.issued2011-01
dc.date.updated2013-10-03T22:27:21Z
dc.descriptionCopyright © 2011 Taylor & Francis.en
dc.description.abstractHilary Putnam and Vivian Walsh argue that Amartya Sen's contribution can, like the writings of Piero Sraffa, be best interpreted as a revival of classical political economy, in which Sen brings back into economics a richer conception of the human agent, and a moral dimension. Sen criticises the conception of rationality that underpins mainstream microeconomic theory, and suggests an alternative framework that can accommodate a variety of motivations, including moral motivations, as will be argued here. Furthermore, the work of Sen, and other authors of the Cambridge tradition who also devoted much time to the revival of classical political economy, are complementary in many respects, and provide the basic tools for an alternative economic theory, which is centred on the economic, social and ethical analysis of the production and distribution of the economic surplus, and not on the modelling of the activity of optimising agents in a context of scarcity. While the notion of scarcity is very important for the analysis of poverty and deprivation that Sen undertakes, the central issue to address, in order to explain the causal mechanisms behind scarcity, poverty and deprivation, concerns the study of the production and distribution of the economic surplus.en
dc.identifier.citationMartins, Nuno (2011). "The revival of classical political economy and the Cambridge tradition: from scarcity theory to surplus theory", «Review of Political Economy», 23(1), 111-131. http://dx.doi.org/10.1080/09538259.2010.510319.en
dc.identifier.issn0953-8259 (Print)
dc.identifier.issn1465-3982 (Online)
dc.identifier.urihttp://hdl.handle.net/10400.3/2295
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherTaylor & Francis (Routledge)en
dc.relation.publisherversionhttp://dx.doi.org/10.1080/09538259.2010.510319por
dc.subjectClassical Political Economyen
dc.subjectSenen
dc.titleThe revival of classical political economy and the Cambridge tradition: from scarcity theory to surplus theoryen
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage131por
oaire.citation.issue(1)por
oaire.citation.startPage111por
oaire.citation.titleReview of Political Economy.en
oaire.citation.volume23por
rcaap.rightsrestrictedAccesspor
rcaap.typearticlepor

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