THE CLASSICAL POLITICAL ECONOMY: CRITICISM AND CONTROVERSY AROUND THE MID-NINETEENTH CENTURY
Abstract
The present work highlights the insufficiency of classical methodology to explain economic phenomena. The classical formulation left the notion of value unspecified, so there is room for the marginalist current, which abandons the classic value-work theory of the and replaces it with a theory of value based on marginal utility. The scenario changes and the attention is no longer paid to the classical social aggregates, but to individuals and economic subjects, passing from objectivity to the subjectivity of individual choices. From the marginalist principles, which still have an important influence today, the neoclassical school is constituted, which sets itself the objective of highlighting the advantages of economic liberalism, already highlighted by classical authors, but through different instruments compared to those used in the past. In this way we will have the opportunity to observe how the study of economics becomes more scientific, general and universal.
References
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[33] Morselli, A. 2017. Crisi e ciclo economico, un richiamo alla teoria malthusiana, Roma, Aracne. ISBN: 8825509308, 100 p.
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[35] Rogers, J.K. 1866. A history of agriculture and prices in England: From the year after the Oxford parliament (1259) to the commencement of the continental war (1793). Oxford, Clarendon Press. 803 p.
[36] Sombart, W. 1902. Der moderne kapitalismus, Leipzig, Duncker & Humblot, 711 p.
[37] Steiner, P. 2011. The creator, human conduct and the maximisation of utility in Gossen’s economic theory, The European Journal of the History of Economic Thought, 18 (3): 353-379. Published on line, 08 July.
[38] Van Daal, J. 1996. From utilitarianism to hedonism: Gosse, Jevons and Walras, Journal of the History of Economic Thought, 18 (2): 271-286.
[39] Von Thünen, J.E. 1910. Der isolierte staat in beziehung auf landwirtschaft und nationalökonomie, Jena, G. Fischer, 704 p.
[40] Weber, M. 1934. Die protestantische ethic und der Geist dest kapitalismus, Tubingen, Mohr, 206 p.
[41] Whewell, W. 1968. On the mathematical exposition of some doctrines of political economy, Farnborough, Gregg, ISBN: 9780576531641.
[2] Argemí, L. 2002. Agriculture, agronomy, and political economy: some missing links, History of Political Economy, 34 (2): 449-478.
[3] Ashley, W.J. 1888. An introduction to english economic history and theory. The middle ages, London, Rivingtons. Available at: https://socialsciences.mcmaster.ca/econ/ugcm/3ll3/ashley/Hist1.pdf
[4] Cherfils, C. 1912. Système de politique positive, Paris, Bibliothèque sociologique internationale. Available at: http://anthropomada.com/bibliotheque/COMTE-auguste-Systeme-de-politique-positive.pdf
[5] Comte, A. 1839. Cours de philosophie positive, vol. IV, Paris, J.B. Baillière et fils.
[6] Comte, A. 1842. Cours de philosophie positive, vol. VI, Paris, J.B. Baillière et fils.
[7] Comte, A. 1942. Système de philosophie positive, préliminaires généraux et conclusions, «Archives positivists», Société positiviste. Paris, 512 p.
[8] Cournot, A. 1838. Recherches sur les principes mathématiques de la théorie des richesses, Paris, Hachette. Available at: https://gallica.bnf.fr/ark:/12148/bpt6k6117257c.texteImage
[9] Cournot, A.A. 1843. Exposition de la théorie des chances et des probabilités. L. Hachette, 448 p.
[10] Cournot, A. 1861. Traité de l'enchaînement des idées fondamentales dans les sciences et dans l'histoire, Paris, L. Hachette, 1024 p.
[11] Cournot, A. 1872. Considérations sur la marche des idées et des événements dans les temps modernes, vol. II, Paris, Hachette. Available at: https://gallica.bnf.fr/ark:/12148/bpt6k61482511.texteImage
[12] Cunningham, W. 1882. The growth of english industry and commerce during the early and middle ages, Cambridge, Cambridge University Press, 557 p.
[13] Denis, H. 1973. Storia del pensiero economico, vol. II, Arnoldo Mondadori Editore, MILANO, ISBN: 2560846123748
[14] Faccarello, G., and Steiner, P. 2008. Religion and political economy in early-nineteenth-century France, History of Political Economy, 40: 526-561.
[15] Fusteld, D.R. 1970. Storia del pensiero economico moderno, Milano, Mondadori, 244 p.
[16] Gossen, H.E. 1854. Entwicklung der gesetze des menschlichen verkehrs und der daraus fliessenden regeln für menschliches handeln, Handeln, Braunschweig, Vieweg & Sohn, 295 p.
[17] Gouhier, H. 1933-1941. Le jeunesse d’Auguste Comte et la formation du positivisme, vol. III, Paris, Vrin. Available at: https://www.persee.fr/doc/phlou_0776-555x_1938_num_41_59_3913_t1_0462_0000_3
[18] Hutchison, T.W 1953. A review of economic doctrines 1870-1929, London, Oxford University Press, 456 p.
[19] Ingram, J.K. 1888. A history of political economy, Edinburgh, Adam and Charles Black. Macmillan, 250 p.
[20] Légé, P. 2018. History, utility and liberty: John Stuart Mill’s critical examination of Auguste Comte, The European Journal of the History of Economic Thought, 25 (3): 428-459.
[21] Levasseur, P.E. 1859. History des classes ouvrières en France depuis la conquête de Jules César jusqu’à la Révolution, Paris, Guillaumin et Cie, 560 p.
[22] Keynes, J.M. 1963. Economic possibilities for our grandchildren, Essays in Persuasion, New York, WW Norton & Co. Available at: http://www.econ.yale.edu/smith/econ116a/keynes1.pdf
[23] Marx, K. 1968. Il Capitale, vol. III, Roma, Editori Riuniti. Available at: https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-III.pdf
[24] Martins, N.O. 2015. Interpreting the capitalist order before and after the marginalist revolution, Cambridge Journal of Economic, 39 (4): 1109-1127.
[25] Mauduit, R. 1929. Auguste Comte et la science économique. In: Revue d'histoire moderne, Tome 4 (24): 473-474.
[26] Meoli, U. 1972. Storia delle idee politiche economiche e sociali, volume quinto, Unione Tipografico-Editrice Torinese. ISBN: 9788802040813, 908 p.
[27] Meek, R.D. 1950. The decline od ricardian economics, Economica, 17 (75): 43-62.
[28] Mentré, F. 1908. Cournot et la renaissance du probabilisme, Paris, M. Rivière, 649 p.
[29] Michaelides, P.G., Milios, J.G. 2009. Joseph Schumpeter and German historical school, Cambridge Journal of Economics, 33 (3): 495-516.
[30] Mill, J.S. 1843. A system of logic ratiocinative and inductive: Being a connected view of the principles of evidence and the methods of scientific investigation, Volume 1. John W. Parke.
[31] Mill, J.S. 1848. Principles of political economy with some of their applications to social philosophy. Boston, C.C. Little & J. Brown, 627 p.
[32] Mill, J.S. 1865. Auguste comte and positivism. In Collected Works of John Stuart Mill, X. Toronto, University of Toronto Press, 1969, 261–368 pp.
[33] Morselli, A. 2017. Crisi e ciclo economico, un richiamo alla teoria malthusiana, Roma, Aracne. ISBN: 8825509308, 100 p.
[34] Mynt, H. 1948. Theories of welfare economics, Cambridge: Harvard University Press (for the London School of Economics and Political Science), 240 p.
[35] Rogers, J.K. 1866. A history of agriculture and prices in England: From the year after the Oxford parliament (1259) to the commencement of the continental war (1793). Oxford, Clarendon Press. 803 p.
[36] Sombart, W. 1902. Der moderne kapitalismus, Leipzig, Duncker & Humblot, 711 p.
[37] Steiner, P. 2011. The creator, human conduct and the maximisation of utility in Gossen’s economic theory, The European Journal of the History of Economic Thought, 18 (3): 353-379. Published on line, 08 July.
[38] Van Daal, J. 1996. From utilitarianism to hedonism: Gosse, Jevons and Walras, Journal of the History of Economic Thought, 18 (2): 271-286.
[39] Von Thünen, J.E. 1910. Der isolierte staat in beziehung auf landwirtschaft und nationalökonomie, Jena, G. Fischer, 704 p.
[40] Weber, M. 1934. Die protestantische ethic und der Geist dest kapitalismus, Tubingen, Mohr, 206 p.
[41] Whewell, W. 1968. On the mathematical exposition of some doctrines of political economy, Farnborough, Gregg, ISBN: 9780576531641.
Published
2019-06-30
How to Cite
MORSELLI, Alessandro.
THE CLASSICAL POLITICAL ECONOMY: CRITICISM AND CONTROVERSY AROUND THE MID-NINETEENTH CENTURY.
Theoretical and Practical Research in Economic Fields, [S.l.], v. 10, n. 1, p. 5-15, june 2019.
ISSN 2068-7710.
Available at: <https://journals.aserspublishing.eu/tpref/article/view/3810>. Date accessed: 25 apr. 2024.
doi: https://doi.org/10.14505/tpref.v10.1(19).01.
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