Classical economics


The course provides the basic elements of Value, Capital and Accumulation within Classical Economics.

Course outline:

Pricing; Income distribution (Wages, Profits and Rent); Theory of Growth of a closed economy, of a small open economy, of the world economy.


A number of papers and readings that will be announced at the beginning of the Course. A few chapter from the book:
Kurz, D.H. and N. Salvadori (1995), Theory of production, Cambridge: Cambridge University Press.

Optional reading:



Students must be familiar with the standard tools of microeconomics, elementary algebra, and elementary mathematical analysis. Some knowledge of models of economic growth is recommended, but is not required.


Prices; Wages, Profits and Rent; Growth; General Equilibrium.