The current crisis takes place within a long downturn. Forty years after publication of the Meadows report, new debates on the future of growth are emerging. The aim of this paper is to contribute to the general discussion on the prospects for economic growth in rich countries by stressing the relevance of some theoretical insights made by classical economists about the end of economic expansio...

Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns collecting the works ten eminent economists and develop a price index for this corpus collectables. For observation period 1975–2019, find that in those 45 years investing rare yielded an average annual real rate return 2.8%, which is well line with clas...

This paper reconstructs Marx’s theory of value in the context of the long-period method of the classical political economists centered on the distinction between market prices and natural prices around which they gravitate. The theory of value stems from considering the abstract problem of the self-organization of a division of labor through the exchange of products as commodities. The commodit...

We present an encoding of a sequent calculus for a multiagent epistemic logic in Athena, an interactive theorem proving system for many-sorted first-order logic. We then use Athena as a metalanguage in order to reason about the multi-agent logic an as object language. This facilitates theorem proving in the multi-agent logic in several ways. First, it lets us marshal the highly efficient theore...

according to the classical economists such as ricardo, labour was considered as the only factor of production; while capital, realized in machinery, tools and the like was identified as the accumulated labour and that inferior lands can be exploited due to the use of labour on them. but, in the long run development of capitalism in the western countries, this idea, i.e. labour as the base of pr...