This book demonstrates that classical micro- and macroeconomics, in particular in the tradition of Smith, Ricardo and Marx, can be synthesized into a coherent whole from the perspective of formal model building as well as applied Leontief-Stone systems of national accounts and the input-output approaches built on them. This reformulation of classical economics differs significantly from the static Neoricardian formalization of the classical approach to economics. The book presents a collection of revised versions of papers that were written between 1983 and 2000, some jointly with coauthors, and supplements them in a coherent way with recent unpublished work on the subject.

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