Classics and Moderns in Economics: Essays on 19th and 20th by P. Groenewegen

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On this issue, see Viner (1937: 87), Eagley (1970: 61–8), Petrella (1960: 365–74) and Hollander (1973: 174–6, 205–7). 15 Smith (1776: 220, note w-w) indicates that the first edition estimated this adjustment period at a century. The reduction to ninety years in the second and subsequent editions is neither explained by the editors, nor by Smith. 16 I therefore strongly disagree with Samuelson (1977) in which he implies that Smith was an equilibrium theorist; because this so-called ‘vindication’ of Smith misses the point of Smith’s analysis.

On this issue, see Viner (1937: 87), Eagley (1970: 61–8), Petrella (1960: 365–74) and Hollander (1973: 174–6, 205–7). 15 Smith (1776: 220, note w-w) indicates that the first edition estimated this adjustment period at a century. The reduction to ninety years in the second and subsequent editions is neither explained by the editors, nor by Smith. 16 I therefore strongly disagree with Samuelson (1977) in which he implies that Smith was an equilibrium theorist; because this so-called ‘vindication’ of Smith misses the point of Smith’s analysis.

Smolinsky, Leon (1973) ‘Karl Marx and Mathematical Economics’, Journal of Political Economy, 81. Solow, R. M. (1970) ‘On the Rate of Return: Reply to Pasinetti’, Economic Journal, 80. Sylos-Labini, Paolo (1976) ‘Competition: The Product markets’, in T. Wilson and A. S. Skinner (eds) The Market and the State, Oxford: Clarendon Press. ——(1981) ‘Technological Change under Contemporary Conditions: An Economist’s View’, 11th R. C. Mills Lecture, 21 October 1980, in Economic Papers (66). Tannahill, Reay (1973) Food in History, London: Eyre Methuen.

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