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THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A “WELFARE” THEORY

Year 2002, Volume: 2 Issue: 4, 146 - 172, 01.11.2002

Abstract

This paper deals with the analytical framework of Classical School of Thought in economics and shows that it rests on the notion of “economic surplus”, which is essential in the capital accumulation process. However, such a notion creates two analytical problems and two types of analyses corresponding to these problems: first, the problem of the measurement of the surplus, requires a theory of values-prices which requires a static analysis in which the distributive shares and the technology level are taken as given. But the growth of the surplus, which is essential to capital accumulation process, necessitates a dynamic analysis in which the distribution and technology are allowed to change. It is argued in the paper that this is the main reason for the analytical separability between the price-distribution theory and the output-growth theories in the Classical School

THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A “WELFARE” THEORY

Year 2002, Volume: 2 Issue: 4, 146 - 172, 01.11.2002

Abstract

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Details

Primary Language Turkish
Journal Section Research Article
Authors

Hüseyin Özel This is me

Publication Date November 1, 2002
Published in Issue Year 2002 Volume: 2 Issue: 4

Cite

APA Özel, H. (2002). THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A “WELFARE” THEORY. Akdeniz İİBF Dergisi, 2(4), 146-172.
AMA Özel H. THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A “WELFARE” THEORY. Akdeniz İİBF Dergisi. November 2002;2(4):146-172.
Chicago Özel, Hüseyin. “THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A ‘WELFARE’ THEORY”. Akdeniz İİBF Dergisi 2, no. 4 (November 2002): 146-72.
EndNote Özel H (November 1, 2002) THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A “WELFARE” THEORY. Akdeniz İİBF Dergisi 2 4 146–172.
IEEE H. Özel, “THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A ‘WELFARE’ THEORY”, Akdeniz İİBF Dergisi, vol. 2, no. 4, pp. 146–172, 2002.
ISNAD Özel, Hüseyin. “THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A ‘WELFARE’ THEORY”. Akdeniz İİBF Dergisi 2/4 (November 2002), 146-172.
JAMA Özel H. THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A “WELFARE” THEORY. Akdeniz İİBF Dergisi. 2002;2:146–172.
MLA Özel, Hüseyin. “THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A ‘WELFARE’ THEORY”. Akdeniz İİBF Dergisi, vol. 2, no. 4, 2002, pp. 146-72.
Vancouver Özel H. THE ANALYTICAL METHODOLOGY OF CLASSICAL ECONOMICS AS A “WELFARE” THEORY. Akdeniz İİBF Dergisi. 2002;2(4):146-72.
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