Heinz D Kurz
Datos Biográficos
| ID | 1004034 |
|---|---|
| NOMBRE | Heinz D Kurz |
| NOMBRES | Heinz D |
| APELLIDO | Kurz |
| FIRMA | KURZ H D |
| AFILIACIONES | University of Graz |
| ORCID | 0000-0003-4042-6682 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 65 |
| TOTAL DE CITAS | 104 |
| TOTAL COMO AUTOR | 55 |
| TOTAL COMO EDITOR | 10 |
| PRIMER AÑO DE PUBLICACIÓN | 1978 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2025 |
| ÍNDICE H | 5 |
On the Classical and the Marginalist Approach to Economic Theory
Piero Sraffa and Counterfactuals
This article reconstructs Sraffa's position with regard to counterfactual reasoning in the second half of the 1920s as documented by his up until now unpublished papers. While Sraffa did not use the term "counterfactual," it is precisely this concept he had in mind when examining certain non-purely-observational propositions and discussing responses to "what if?" questions. He did so with respect to different contexts, but his attention focused p…
Sergio Cremaschi, David Ricardo. An Intellectual Biography
In the preface, Sergio Cremaschi calls his book “a contextual reconstruction of an economist’s intellectual biography”; its purpose is “to look where others did not, due to such factors as inapt modernization, proneness to accept received views, constraints created by boundaries between disciplines and historiographic mythology” (xi). Since Piero Sraffa’s edition of Ricardo’s works and correspondence is “still the starting point”, one of the task…
Ladislaus von Bortkiewicz
Re-reading Carl Menger’s Grundsätze – another book that “cries out to be surpassed”
The paper re-assesses (the non-monetary part of) Carl Menger’s Grundsätze (1871). It begins by pointing out that representatives of the so-called “German Use Value School” elaborated the theory of marginal utility prior to Menger. The paper then turns to Menger’s criticism of the theories of value and distribution of the classical economists and draws the attention to some important misunderstandings by him. After a summary account of Menger’s al…
On the modernity of Carl Menger
From different perspectives regarding the History of Economic Thought, the contributions to this roundtable highlight different aspects and levels of the modernity of the founder of the Austrian School of Economics, and of his importance for the development of social theory and the discipline of scientific economics. This is complemented by discussions of ambiguities and multiple meanings of modernity
Fixing a numéraire in the Theory of Exhaustible Resources
Christian Bidard and Guido Erreygers (2020) published in this issue of Œconomia a sort of ecumenical reply to criticisms, which over the last two decades have been levelled at their treatment of exhaustible resources within what they consider a “classical” framework of the analysis. In a first step they restate the model they began to elaborate in 2001; the original version of the model was the object of a minisymposium in the journal Metroeconom…
Über die scheinbare Paradoxie von Weltablehnung und Erwerbsvirtuosität
In diesem Aufsatz würdigt Heinz Kurz den Beitrag Max Webers zu den Sozial- und insbesondere Wirtschaftswissenschaften aus Anlass seines 100. Todestages. Nach einem Überblick über Leben, Werk und Wirken geht er kurz auf Webers methodologische Betrachtungen und seine Rolle im „Werturteilsstreit“ im Verein für Socialpolitik ein. Es folgt eine Auseinandersetzung mit Webers Aussagen zur Werttheorie und Grenznutzenlehre. Der Hauptteil der Arbeit gilt W…
On the ‘Origins’ of Sraffa’s Production Equations
In this rejoinder to de Vivo’s comment on Gehrke and Kurz (2018, ‘Sraffa’s constructive and interpretive work, and Marx.’ Review of Political Economy) we first ask what could possibly be meant by seeking to identify the ‘origins’ of Sraffa’s production equations. We then show that in his comment de Vivo has abandoned his original view, according to which the magnitudes in Sraffa’s ‘first equations’ are to be interpreted in Marxian (labour) value …
Sraffa’s Constructive and Interpretive Work, and Marx
This article provides a summary account of Piero Sraffa’s constructive and interpretive work on the classical approach to the theory of value and distribution and its relationship with Marx’s contributions. It is shown that in the early phase of his constructive work Sraffa developed his equation systems by adopting a ‘physical real cost’ approach and a strictly objectivist point of view, and completely eschewed Marx’s labour-based approach and t…
Wilhelm Georg Friedrich Roscher (1817–1894)
Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of…
Ladislaus von Bortkiewicz (1868–1931)
Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of…
Figures and tables
David Ricardo (1772–1823)
Contents (alphabetical)
General introduction
The past is never dead.It's not even past.(William Faulkner
Hermann Heinrich Gossen (1810–1858)
Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of…
Index
Piero Sraffa (1898–1983)
Handbook on the History of Economic Analysis Volume III
Handbook on the History of Economic Analysis Volume I
Capital
David Ricardo
The paper discusses David Ricardo's analytical achievements. These concern his approach to the theory of value and distribution; his analysis of the effects of different forms of technical progress on income distribution; his analysis of exhaustible resources in terms of differential rent; his discussion of machinery and induced technical progress; and his theory of foreign trade and the principle of comparative advantage. It is argued that Ricar…
The Elgar Companion to David Ricardo
was not particularly interested in lengthy discussions of possible motives for establishing new colonies and he contented himself with devoting to colonial trade just the short Chapter 25 of his Principles of Political Economy and Taxation.Yet, within the latter it is possible to detect (at least) three main analytical arguments related to the colonial issue: i) colonies as a source of new fertile land and therefore as a viable solution to the pr…
Transatlantic Conversations
The paper discusses the activities of Karl Marx and Friedrich Engels as journalists. The focus of attention is on their lead articles written for the New York Tribune in the period 1851–1862. Important themes of the articles include the role of slavery for the development of US capitalism, the latter's characteristic features as compared with British capitalism, which for some time they considered the paragon of capitalist development, and some o…
Theory of Production
This compelling book contains a comprehensive analytical treatment of the theory of production in a long-period framework. Although the authors take a 'Classical' approach to their subject, the scope of investigation and methods employed should interest all economic theorists. Professors Kurz and Salvadori explore economic systems that are characterised by a particular kind of primary input in the production process, such as different kinds of la…
Sraffa on von Bortkiewicz
Research Article| March 01 2006 Sraffa on von Bortkiewicz: Reconstructing the Classical Theory of Value and Distribution Christian Gehrke; Christian Gehrke Search for other works by this author on: This Site Google Heinz D. Kurz Heinz D. Kurz Search for other works by this author on: This Site Google History of Political Economy (2006) 38 (1): 91–149. https://doi.org/10.1215/00182702-38-1-91 Cite Icon Cite Share Icon Share Twitter Permissions Sea…
Representing the production and circulation of commodities in material terms
The paper discusses Sraffa's interpretation of the classical economists and, following their lead, his elaboration of an objectivist, surplus-based theory of value and distribution. The emphasis is on the twin concepts of physical real costs and social surplus on the one hand and that of a circular flow of production on the other. In order to determine relative prices within such an analytical scheme, the tool of simultaneous equations is indispe…
"Mark Blaug on the "Sraffian Interpretation of the Surplus Approach
Research Article| March 01 2002 Mark Blaug on the “Sraffian Interpretation of the Surplus Approach” Heinz D. Kurz; Heinz D. Kurz Search for other works by this author on: This Site Google Neri Salvadori Neri Salvadori Search for other works by this author on: This Site Google History of Political Economy (2002) 34 (1): 225–236. https://doi.org/10.1215/00182702-34-1-225 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Se…
One Theory or Two? Walras's Critique of Ricardo
Research Article| June 01 2002 One Theory or Two? Walras's Critique of Ricardo Heinz D. Kurz; Heinz D. Kurz Search for other works by this author on: This Site Google Neri Salvadori Neri Salvadori Search for other works by this author on: This Site Google History of Political Economy (2002) 34 (2): 365–398. https://doi.org/10.1215/00182702-34-2-365 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation H…
Adam Smith on Foregin Trade
Wicksell and the Problem of the "Missing" Equation
Research Article| November 01 2000 Wicksell and the Problem of the “Missing” Equation Heinz D. Kurz Heinz D. Kurz Search for other works by this author on: This Site Google History of Political Economy (2000) 32 (4): 765–788. https://doi.org/10.1215/00182702-32-4-765 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Heinz D. Kurz; Wicksell and the Problem of the “Missing” Equation. History of Politi…
Growth and distribution ∗
This article discusses some aspects of the relationship between economic growth and income distribution. The perspective taken is that of authors such as Kalecki, Keynes and the late Josef Steindl. First, the controversy between Malthus and Ricardo on the possibility of a ‘general glut’ of commodities is summarized. Next Keynes' criticism of ‘Says Law’ and Kaldor's attempt to generalize the principle of effective demand to the long run are dealt …
Sraffa's Contribution to the Debate in Capital Theory
Journal Article SRAFFA'S CONTRIBUTION TO THE DEBATE IN CAPITAL THEORY Get access HEINZ D. KURZ HEINZ D. KURZ University of Bremen Search for other works by this author on: Oxford Academic Google Scholar Contributions to Political Economy, Volume 4, Issue 1, March 1985, Pages 3–24, https://doi.org/10.1093/oxfordjournals.cpe.a035689 Published: 01 March 1985
Sraffa’s Constructive and Interpretive Work, and Marx
This article provides a summary account of Piero Sraffa’s constructive and interpretive work on the classical approach to the theory of value and distribution and its relationship with Marx’s contributions. It is shown that in the early phase of his constructive work Sraffa developed his equation systems by adopting a ‘physical real cost’ approach and a strictly objectivist point of view, and completely eschewed Marx’s labour-based approach and t…
In Favor of Rigor and Relevance
Mark Blaug has written another paper in which he attacks “Sraffian” economics. He characterizes his piece as “a new version of an earlier effort [that] extends and hopefully deepens the argument.” A careful scrutiny of the paper shows that Blaug reiterates once again his previous criticisms, adds a few new ones, but does not enter into a serious discussion of the replies to his earlier efforts. We provide an overall assessment of Blaug's various …
Burmeister on Sraffa and the Labor Theory of Value
Piero Sraffa and Counterfactuals
This article reconstructs Sraffa's position with regard to counterfactual reasoning in the second half of the 1920s as documented by his up until now unpublished papers. While Sraffa did not use the term "counterfactual," it is precisely this concept he had in mind when examining certain non-purely-observational propositions and discussing responses to "what if?" questions. He did so with respect to different contexts, but his attention focused p…
On the ‘Origins’ of Sraffa’s Production Equations
In this rejoinder to de Vivo’s comment on Gehrke and Kurz (2018, ‘Sraffa’s constructive and interpretive work, and Marx.’ Review of Political Economy) we first ask what could possibly be meant by seeking to identify the ‘origins’ of Sraffa’s production equations. We then show that in his comment de Vivo has abandoned his original view, according to which the magnitudes in Sraffa’s ‘first equations’ are to be interpreted in Marxian (labour) value …
Rent Theory in a Multisectoral Model 1
PIERO SRAFFA 'S Production of Commodities by Means of Commodities2 has so far been almost exclusively interpreted as a contribution to the critique of the marginal theory of value and distribution. This interpretation is obvious because criticism concentrates upon the notion of 'capital', hypothesized by neoclassical writers conceiving of capital simply as a quantity that can be measured independently of, and prior to, the determination of the pr…
Sraffa After Marx
Sraffa's Contribution to the Debate in Capital Theory
Journal Article SRAFFA'S CONTRIBUTION TO THE DEBATE IN CAPITAL THEORY Get access HEINZ D. KURZ HEINZ D. KURZ University of Bremen Search for other works by this author on: Oxford Academic Google Scholar Contributions to Political Economy, Volume 4, Issue 1, March 1985, Pages 3–24, https://doi.org/10.1093/oxfordjournals.cpe.a035689 Published: 01 March 1985
Burmeister on Sraffa and the Labor Theory of Value
Morishima on Ricardo
Journal Article Morishima on Ricardo Get access Heinz D. Kurz, Heinz D. Kurz Search for other works by this author on: Oxford Academic Google Scholar Neri Salvadori Neri Salvadori ⋆University of Pisa Search for other works by this author on: Oxford Academic Google Scholar Cambridge Journal of Economics, Volume 16, Issue 2, June 1992, Pages 227–247, https://doi.org/10.1093/oxfordjournals.cje.a035202 Published: 01 June 1992 Article history Received…
Adam Smith on Foregin Trade
The ‘Standard commodity’ and Ricardo’s Search for an ‘Invariable Measure of Value’
Even three decades after the publication of Piero Sraffa’s Production of Commodities by Means of Commodities (1960) and in spite of extended discussions on the matter there does not yet exist a commonly accepted view as to the meaning of the ‘Standard commodity’ and the rôle it plays in Sraffa’s analysis. Moreover, it seems to be still unclear what is the relationship between this concept and Ricardo’s search for an ‘invariable measure of value’.…
Growth and distribution ∗
This article discusses some aspects of the relationship between economic growth and income distribution. The perspective taken is that of authors such as Kalecki, Keynes and the late Josef Steindl. First, the controversy between Malthus and Ricardo on the possibility of a ‘general glut’ of commodities is summarized. Next Keynes' criticism of ‘Says Law’ and Kaldor's attempt to generalize the principle of effective demand to the long run are dealt …
Karl Marx on physiocracy
The paper discusses Marx's views on physiocracy. In his attempt to ‘excavate’ the roots of ‘classical’ political economy, Marx saw that the physiocrats had anticipated the analytical structure of the classical theory of value and distribution from Adam Smith to Ricardo, centred around the concept of surplus product. Marx also discerned, or so he thought, elements of a material-based and a labour-based explanation of value in the physiocrats. Ques…
Theory of Production
This compelling book contains a comprehensive analytical treatment of the theory of production in a long-period framework. Although the authors take a 'Classical' approach to their subject, the scope of investigation and methods employed should interest all economic theorists. Professors Kurz and Salvadori explore economic systems that are characterised by a particular kind of primary input in the production process, such as different kinds of la…
The Austrian Theory of Value and Capital
The Austrian Theory of Value and Capital provides a meticulous account of Eugen von Böhm-Bawerk’s life, his theory of value, capital and interest within the context of 19th century German economic thought and the development of neoclassical economic theory.
Marx on Technological Change
Marx’s view on the long-term development of the capitalist economy hinges crucially on his opinion on which form of technological change can be expected to dominate in capitalist economic conditions. He was of the opinion that the prevalent form of technological change will be characterised by a rising ‘organic composition of capital’ and argued that this form is the one that is ‘congenial’ to the very mode of production under consideration. With…
Against the current
The paper throws some new light on Sraffa's contribution, using material from his yet unpublished papers. Attention focuses on Sraffa's rediscovery of the distinct character of the classical theory of value and distribution and his refutation of the Marshallian interpretation that it is only a special case of demand and supply theory, his reformulation of the classical theory, and his criticism of the alternative neoclassical theory.
Reverse Capital Deepening and the Numeraire
This note discusses the implication of reverse capital deepening for neoclassical theory, placing special emphasis on the role of the numeraire. It is shown that under certain assumptions, specified in the note, a supply function of capital can be built up that is independent of the demand function. The supply of capital is given in terms of the consumption unit. Reverse capital deepening is reflected in upward sloping segments of the correspondi…
Critical Essays on Piero Sraffa's Legacy in Economics
This collection offers a critical assessment of the published works of Piero Sraffa, one of the leading economists of the twentieth century, and their legacy for the economics profession. The topics covered explore Sraffa's interpretation of the classical economists; his theory of value and distribution; his critique of partial and general neoclassical equilibrium theory; his focus on the problem of capital; and his critique of Hayek's monetary o…
Sraffa's hits and misses
Pressure of other research at first prevented me from responding favourably to the Editor's request for a new paper on Sraffian economics. However, I was glad to have my 1990 revisionist paper included in this colloquium, and did welcome the suggestion that a new Addendum be included. If a scholar in his ninth decade is to record his considered opinions on an important topic, it had better be a matter not of when but of now. So, reconsidering, I …
Wicksell and the Problem of the "Missing" Equation
Research Article| November 01 2000 Wicksell and the Problem of the “Missing” Equation Heinz D. Kurz Heinz D. Kurz Search for other works by this author on: This Site Google History of Political Economy (2000) 32 (4): 765–788. https://doi.org/10.1215/00182702-32-4-765 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Heinz D. Kurz; Wicksell and the Problem of the “Missing” Equation. History of Politi…
Say and Ricardo on value and distribution
The paper discusses the differences between the theories of value and distribution of Jean-Baptiste Say and David Ricardo. The attention focuses on fundamental issues in controversy between them. These are Say's confounding of 'value', 'riches' and 'utility', the theory of value, the problem of the measure of value, and the distinction between net and gross revenue; and the theory of income distribution, especially the explanation of rents and of…
Sraffa and von Neumann
This paper discusses the relationship between Piero Sraffa’s 1960 book and John von Neumann’s 1937 paper on economic growth in the light of some of the material contained in Sraffa’s unpublished papers and correspondence. It is argued that the two contributions share a similar outlook and exhibit conceptual parallels; in fact, they can both be said to belong to the ‘classical ’ approach to the theory of value and distribution. The latter is chara…
Adam Smith on Foreign Trade
Adam Smith is generally considered an important, perhaps even the most important, advocate of free trade. At the same time, he is commonly given little credit as a trade theorist. Viner (1937:108-9) suggests that all significant aspects of Smith’s free-trade doctrine are already to be found in the earlier English literature. Robbins (1971:191) argues that Smith’s contribution lacks analytical rigour. Hollander (1973: chapter 9) views Smith’s trea…
Keynes and Sraffa's 'Difficulties with J. H. Hollander'
The paper reports on Jacob H. Hollander's cooperation with John Maynard Keynes and Piero Sraffa in the preparation of the latter's edition of The Works and Correspondence of David Ricardo. The report is based on archive material from various sources, including the unpublished papers of Edwin Cannan, Piero Sraffa, Jacob H. Hollander, John Maynard Keynes, and Jacob Viner, and the archive of the Royal Economic Society. The archive material consulted…
"Mark Blaug on the "Sraffian Interpretation of the Surplus Approach
Research Article| March 01 2002 Mark Blaug on the “Sraffian Interpretation of the Surplus Approach” Heinz D. Kurz; Heinz D. Kurz Search for other works by this author on: This Site Google Neri Salvadori Neri Salvadori Search for other works by this author on: This Site Google History of Political Economy (2002) 34 (1): 225–236. https://doi.org/10.1215/00182702-34-1-225 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Se…
One Theory or Two? Walras's Critique of Ricardo
Research Article| June 01 2002 One Theory or Two? Walras's Critique of Ricardo Heinz D. Kurz; Heinz D. Kurz Search for other works by this author on: This Site Google Neri Salvadori Neri Salvadori Search for other works by this author on: This Site Google History of Political Economy (2002) 34 (2): 365–398. https://doi.org/10.1215/00182702-34-2-365 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation H…
Fund–flow versus flow–flow in production theory
Socialism and Marginalism in Economics, 1870–1930
In this chapter an attempt will be made to summarize the debate between authors advocating some form of marginal utility theory and those advocating some form of labour theory of value or cost of production theory in German-speaking countries in the period after the inception of what may be called marginal theory proper, i.e. subsequent to the publication of Menger’s Grundsätze (1871), Jevons’s Theory (1871) and Walras’s Eléments (1874), and up t…
Political Economy and Marxism (46 obras) · Economics (45 obras) · Economic Theory and Policy (41 obras) · Economic Theory and Institutions (38 obras) · Neoclassical economics (35 obras) · Philosophy (31 obras) · Mathematics (20 obras) · Political science (20 obras) · Law (19 obras) · Computer Science (16 obras)