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Neo-Ricardian
The neo-Ricardian school is an economic school of thought that derives from the close reading and interpretation of David Ricardo by Piero Sraffa, and from Sraffa's critique of neoclassical economics as presented in his ''The Production of Commodities by Means of Commodities'', and further developed by the neo-Ricardians in the course of the Cambridge capital controversy. It particularly disputes neoclassical theory of income distribution. Prominent neo-Ricardians are usually held to include Pierangelo Garegnani, Krishna Bharadwaj, Luigi Pasinetti, Joan Robinson, John Eatwell, Fernando Vianello, Murray Milgate, Ian Steedman, Heinz D. Kurz, Neri Salvadori, Bertram Schefold, Fabio Petri, Massimo Pivetti, Franklin Serrano, Fabio Ravagnani, Roberto Ciccone, Sergio Parrinello, Alessandro Roncaglia, Maurice Dobb, Gilbert Abraham-Frois, Theodore Mariolis and Giorgio Gilibert. The school partially overlaps with post-Keynesian and neo-Marxian economics. See also *Cambridge capita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British Political economy, political economist. He was one of the most influential of the Classical economics, classical economists along with Thomas Robert Malthus, Thomas Malthus, Adam Smith and James Mill. Ricardo was also a politician, and a member of the Parliament of the United Kingdom, Parliament of Great Britain and Ireland. Personal life Born in London, England, Ricardo was the third surviving of the 17 children of successful stockbroker Abraham Israel Ricardo (1733?–1812) and Abigail (1753-1801), daughter of Abraham Delvalle (also "del Valle"), of a respectable Sephardi Jews, Sephardic Jewish family that had been settled in England for three generations as "small but prosperous" tobacco and snuff merchants, and had obtained British citizenship. Abigail's sister, Rebecca, was wife of the engraver Wilson Lowry, and mother of the engraver Joseph Wilson Lowry and the geologist, mineralogist, and author Delvalle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schools Of Economic Thought
In the history of economic thought, a school of economic thought is a group of economics, economic thinkers who share or shared a common perspective on the way economy, economies work. While economists do not always fit into particular schools, particularly in modern times, classifying economists into schools of thought is common. Economic thought may be roughly divided into three phases: premodern (Greco-Roman, History of India, Indian, Persian Empire, Persian, Caliphate, Islamic, and Imperial era of Chinese history, Imperial Chinese), early modern (mercantilist, physiocrats) and modern (beginning with Adam Smith and classical economics in the late 18th century, and Karl Marx and Friedrich Engels, Friedrich Engels' Marxian economics in the mid 19th century). Systematic economic theory has been developed mainly since the beginning of what is termed the modern era. Currently, the great majority of economists follow an approach referred to as mainstream economics (sometimes called 'o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fernando Vianello
Fernando Vianello (17 August 1939 – 10 August 2009) was an Italian economist and academic. Together with Michele Salvati, Sebastiano Brusco, Andrea Ginzburg and Salvatore Biasco, he founded the Faculty of Economics of the University of Modena and Reggio Emilia. Education In 1963 Vianello graduated with a degree in Law from the University of Bologna, presenting a thesis on Italian economic development under the supervision of Paolo Sylos Labini. In the same year he attended the sixth training course on "Economic Development" organized in Rome by SVIMEZ (Italian Association of Southern Italy's Industries Development), managed by Claudio Napoleoni. From 1964 to 1966 he was an assistant professor in the "''Principles of Political Economy''" course held by Sylos Labini at the Faculty of Statistics of the "Sapienza" University of Rome. In 1966 Vianello enrolled as an undergraduate student at Jesus College, Cambridge, and began attending economic courses taught by Joan Robinson, Nic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge Capital Controversy
The Cambridge capital controversy, sometimes called "the capital controversy"Brems (1975) pp. 369-384 or "the two Cambridges debate", was a dispute between proponents of two differing theoretical and mathematical positions in economics that started in the 1950s and lasted well into the 1960s. The debate concerned the nature and role of capital goods and a critique of the neoclassical vision of aggregate production and distribution.Tcherneva (2011) The name arises from the location of the principals involved in the controversy: the debate was largely between economists such as Joan Robinson and Piero Sraffa at the University of Cambridge in England and economists such as Paul Samuelson and Robert Solow at the Massachusetts Institute of Technology, in Cambridge, Massachusetts, United States. The English side is most often labeled " post-Keynesian", while some call it " neo-Ricardian", and the Massachusetts side " neoclassical". Most of the debate is mathematical, while some ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ian Steedman
Ian Steedman (born 1941, in London) was for many years a professor of economics at the University of Manchester before moving down the road to Manchester Metropolitan University. He retired from there at the end of 2006, but was appointed as an emeritus professor. His work Steedman has been recognised as one of the leading Neo-Ricardian economic theorists with work in the areas overlapping with those of Marx, Sraffa, Marshall, Jevons and Wicksteed. He has also made contributions to economic theory on time, international trade, capital theory and growth and distribution. He is also a senior research fellow at the William Temple Foundation William is a male given name of Germanic origin.Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 276. It became very popular in the English language after the Norman conquest of Eng ..., and his work now includes the study of "happiness" and its relation to welfare economics. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ricardian Economics
Ricardian economics are the economic theories of David Ricardo, an English political economist born in 1772 who made a fortune as a stockbroker and loan broker.Henderson 826Fusfeld 325 At the age of 27, he read '' An Inquiry into the Nature and Causes of Wealth of Nations'' by Adam Smith and was energized by the theories of economics. His main economic ideas are contained in ''On the Principles of Political Economy and Taxation'' (1817). This set out a series of theories which would later become theoretical underpinnings of both Marx's ''Das Kapital'' and Marshallian economics, including the theory of economic rent, the labour theory of value and above all the theory of comparative advantage. Ricardo wrote his first economic article ten years after reading Adam Smith and ultimately, the "bullion controversy" gave him fame in the economic community for his theory on inflation in 19th-century England. This theory became known as monetarism, the theory that excess currency leads ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Controversy
The Cambridge capital controversy, sometimes called "the capital controversy"Brems (1975) pp. 369-384 or "the two Cambridges debate", was a dispute between proponents of two differing theoretical and mathematical positions in economics that started in the 1950s and lasted well into the 1960s. The debate concerned the nature and role of capital goods and a critique of the neoclassical vision of aggregate production and distribution.Tcherneva (2011) The name arises from the location of the principals involved in the controversy: the debate was largely between economists such as Joan Robinson and Piero Sraffa at the University of Cambridge in England and economists such as Paul Samuelson and Robert Solow at the Massachusetts Institute of Technology, in Cambridge, Massachusetts, United States. The English side is most often labeled "post-Keynesian", while some call it " neo-Ricardian", and the Massachusetts side " neoclassical". Most of the debate is mathematical, while some major ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Krishna Bharadwaj (economist)
Krishna Bharadwaj (21 August 1935 – 8 March 1992) was an Indian Neo-Ricardian economist mainly known for her contributions to the economic development theory and the revival of the ideas of classical economics. She believed that economic theory should be based on concepts which can be observed and be amenable to measurement in reality. Early life and education Bharadwaj was born on 21 August 1935 in Karwar Karwar is a seaside city, ''taluka'', and administrative headquarters of Uttara Kannada district lying at the mouth of the Kali river on the Kanara coast of Karnataka state, India. Karwar is a popular tourist destination and with a city urba ..., Karnataka, into a Konkani Saraswat Brahmin family. She was the youngest of the six children of M. S. Chandravarkar, a teacher in a local college, and his wife Shantabai. The family shifted to Belgaum in 1939, and Bhardwaj was schooled in that city. She learnt Hindustani classical music and won many local competitions by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Piero Sraffa
Piero Sraffa (5 August 1898 – 3 September 1983) was an influential Italian economist who served as lecturer of economics at the University of Cambridge. His book ''Production of Commodities by Means of Commodities'' is taken as founding the neo-Ricardian school of economics. Early life Sraffa was born in Turin, Italy, to Angelo Sraffa (1865–1937) and Irma Sraffa (née Tivoli) (1873–1949), a wealthy Italian Jewish couple. His father was a professor in commercial law and later dean at the Bocconi University in Milan. Despite being raised as a practising Jew, Sraffa later became an agnostic. Due to his father's activity, the young Piero followed him during his academic wanderings (University of Parma, University of Milan and University of Turin), where he met Antonio Gramsci (leader of Communist Party of Italy). They became close friends, partly due to their shared political views. Sraffa was also in contact with Filippo Turati, perhaps the most important leader of the Ita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pierangelo Garegnani
Pierangelo Garegnani (9 August 1930–14 October 2011) was an Italian economist and professor of the University of Rome III. He was the Director of the Fondazione Centro Piero Sraffa di Studi e Documenti at the Federico Caffè School of Economics, and also the literary executor of the works, documents and papers left by the Italian economist Piero Sraffa to the University of Cambridge's Wren Library. Professor Garegnani was one of the leading theoretical critics of neoclassical economics. He published several books and articles concerning the classical economic theory, from Ricardo to Sraffa, as an alternative theoretical foundation to analyse the capitalist economy. An account of his contributions was published by the Royal Economic Society. During the 1980s, Garegnani worked as a visiting professor at The New School The New School is a private research university in New York City. It was founded in 1919 as The New School for Social Research with an original mission dedi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post-Keynesian Economics
Post-Keynesian economics is a school of economic thought with its origins in ''The General Theory'' of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub, Paul Davidson, Piero Sraffa and Jan Kregel. Historian Robert Skidelsky argues that the post-Keynesian school has remained closest to the spirit of Keynes' original work. It is a heterodox approach to economics. Introduction The term "post-Keynesian" was first used to refer to a distinct school of economic thought by Alfred Eichner, Eichner and Kregel (1975) and by the establishment of the ''Journal of Post Keynesian Economics'' in 1978. Prior to 1975, and occasionally in more recent work, ''post-Keynesian'' could simply mean economics carried out after 1936, the date of Keynes's ''General Theory''. Post-Keynesian economists are united in maintaining that Keynes' theory is seriously misrepresented by the two other principal Keyne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franklin Serrano
Franklin Leon Peres Serrano is a Brazilian economist and professor at the Federal University of Rio de Janeiro. Biography He is currently an associate professor at the Federal University of Rio de Janeiro and an associate editor of Review of Keynesian Economics magazine (ROKE). He has experience in topics related to Economics and Political Economy, acting mainly on the following themes: growth, external restriction, effective demand, Sraffian economy. He holds a bachelor degree in Economics at the Pontifical Catholic University of Rio de Janeiro (1983), a Master's degree in Economics at Federal University of Rio de Janeiro (1988) and a PhD in Economics at University of Cambridge (1996). Selected works * SERRANO, Franklin. (1995) "The Sraffian Supermultiplier." University of Cambridge. United Kingdom. (PhD Thesis) * SERRANO, Franklin. (1995) "Long period effective demand and the Sraffian supermultiplier." Contributions to Political Economy, 14(1), 67-90. * SERRANO, Franklin & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
