Gavin Kennedy, Adam Smith‚Äôs Lost Legacy

Harpham, Edward J.

doi:10.4324/9780203935293.ch13

Adam Smith Review

2007

DOI: 10.4324/9780203935293.ch13

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Gavin Kennedy, Adam Smith‚Äôs Lost Legacy

Edward J. Harpham¹

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2013

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“…Nevertheless it is an essential part of Smith’s growth model and, at the very least, serves as a warning to policymakers unconcerned about whether commercial markets are expanding or contracting. As Smith emphasizes time and again, there are no guarantees that growth is inevitable” (Harpham 2007: 221).…”

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confidence: 99%

Over-accumulation, Rising Costs and ‘Unproductive’ Labor

Durand

Légé²

2013

Review of Radical Political Economics

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The current crisis takes place within a long downturn and new debates on the future of growth are emerging. This paper argues that some theoretical insights made by classical economists about the end of economic expansion are relevant for the discussion on the prospects for growth in rich countries. We focus on three key mechanisms related to contemporary radical economic analysis: over-accumulation, rising costs of accumulation, and the balance between productive and unproductive labor and consumption.

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Over-accumulation, Rising Costs and ‘Unproductive’ Labor

Durand

Légé²

2013

Review of Radical Political Economics

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Gavin Kennedy, Adam Smith‚Äôs Lost Legacy

Cited by 1 publication

References 1 publication

Over-accumulation, Rising Costs and ‘Unproductive’ Labor

Over-accumulation, Rising Costs and ‘Unproductive’ Labor

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