Capital Theory, the Surplus Approach, and Effective Demand An Alternative Framework for the Analysis of Value, Distribution and Output Levels

“Garegnani’s achievements may be summarized in the following way, which also underscores why the collection of essays under review deserves many careful readers. His PhD thesis and his numerous contributions to the history of economic analysis provide compelling evidence of his deep understanding of the genuine significance and specific analytical structure of the classical approach to the theory of value and distribution and how it differs fundamentally from the marginalist one.” (Heinz Kurz, Review of Political Economy, July 21, 2025) 

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The volume Capital Theory, the Surplus Approach and Effective Demand
(Springer, 2024), edited by Roberto Ciccone, collects 17 essays written by Garegnani throughout his academic career (one is co-authored with Antonella Palumbo) plus an Introduction also written by the author. … This volume provides significant support for a long-overdue return to the foundations of political economy, fostering fertile economic research that is both relevant and useful to today’s society.” (Enrico Bellino, HEI History of Economic Ideas, Vol. 33 (3), 2025)

“This publication is a welcome occasion to be reminded of the importance of an economist whose work was, and still is, very influential within the extended family of heterodox scholars. ... This volume will be appreciated by two sets of readers alike. First, those who have been influenced by Garegnani … . Second, for those who, because of age or education, had never come across his work … .” (Maria Cristina Marcuzzo, The European Journal of the History of Economic Thought, July 18, 2025)