Classical Political Economics and Modern Capitalism

Part A.- Chapter 1. The Classical Theory of Value and Distribution.- Chapter 2 .Circular Flow of Capital and Social Reproduction.- Chapter 3. Controversial Issues in the Theories of Value and Distribution: The 'Transformation Problem' and the 'Capital Theory Critique'.- Chapter 4. Labour Values, Prices of Production and Wage-Rate of Profit Curves in Actual Economies.- Chapter 5. Competition: Classical and Neoclassical.- Part B.- Chapter 6. Real Competition and Empirical Evidence.- Chapter 7: Asymmetries in International Trade.- Chapter 8. The Rate of Profit, Economic Growth and Crises.- Chapter 9. Productive-Non-Productive Labour and National Accounts.- Chapter 10. Classical Political Economy and the Evolution of Post-war Capitalism.

Lefteris Tsoulfidis holds a PhD and an M.A. in economics from the New School of Social Research, and a B.A. in Economics from the University of Macedonia. He worked for many years in universities in New York including Hofstra University and College of New Rochelle before joining the Department of Economics of the University of Macedonia in Thessaloniki, where he teaches courses in the History of Economic Thought, Economic History, Political Economy, Mathematical Economics and Macroeconomics.
He is the author of Competing Schools of Economic Thought and co-author of the Modern Classical Economics and Reality, both published by Springer-Verlag. He is the co-editor of the international journal Bulletin of Political Economy and Director of the Laboratory of the Economic and Social Research of the Department of Economics.
His research has been published in many scientific journals on theoretical and empirical issues related to actual competition, the theory of value and distribution, international economics and economic growth and crises.
Persefoni Tsaliki is Professor at the School of Economics, Aristotle University of Thessaloniki (Greece), which she joined in 2003. Previously, she taught in universities in New York including New York University and Yeshiva University and City Liberal Studies (Sheffield University, UK) in Thessaloniki.

"The text has been used in lecture courses. ... this is a thought-provoking and serious book, to be recommended for students as an introduction to CPE and for all economists interested in the theory of value and accumulation." (Bertram Schefold, OEconomia, Vol. 11 (2), 2021)