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Date: | Wed Apr 12 15:54:09 2006 |
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Peter Groenewegen and Klaus Hennings both have written on the switch in
focus from production to exchange, and the related development from
"political economy" to "economics." They both have some relevant entries
in the New Palgrave, I believe. Hennings also has a chapter in
FOUNDATIONS OF ECONOMICS, edited by Mauro Baranzini and Roberto
Scazzieri, Blackwell, 1986, called "The Exchange Paradigm and the Theory
of Production and Distribution. In the same volume, Krishna Bharadwaj
has a chapter on "Production and Exchange in Theories of Price Formation
and Economic Transition" that also is relevant to your query. It is
also of note that, as Garegnani points out in his New Palgrave entry on
the "surplus approach to value and distribution," there is a difference
in the classical and neoclassical treatments of both production and
exchange.
Mathew Forstater
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