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Neo-Ricardian School
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 capit ...
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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 ...
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Massimo Pivetti
Massimo, also Massimino, and Massimine () is a masculine Italian given name. Notable people with the name include: Given name: *Massimo Agostinelli (Max Agos) (born 1987), Swiss based Italian American artist, entrepreneur and activist *Massimo Agostini (born 1964), Italian football manager and former striker *Massimo Alioto (born 1972), associate professor of Electrical and Computer Engineering at the National University of Singapore *Massimo Allevi (born 1969), former Italian pole vaulter *Massimo Ambrosini Cavaliere OMRI (born 1977), Italian former professional footballer * Massimo De Ambrosis (born 1964), Italian actor and voice actor *Massimo Amfiteatrof (1907–1990), Russian-born Italian cellist * Paolo Massimo Antici (1924–2003), Italian diplomat, founder of the Antici Group *Massimo Aparo (born 1953), Italian nuclear engineer *Massimo Apollonio (born 1970), former Italian racing cyclist *Massimo Ardinghi (born 1971), former professional tennis player from Italy *Massimo Ar ...
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Okishio's Theorem
Okishio's theorem is a theorem formulated by Japanese economist Nobuo Okishio. It has had a major impact on debates about Marx's theory of value. Intuitively, it can be understood as saying that if one capitalist raises his profits by introducing a new technique that cuts his costs, the collective or general rate of profit in society goes up for all capitalists. In 1961, Okishio established this theorem under the assumption that the real wage remains constant. Thus, the theorem isolates the effect of pure innovation from any consequent changes in the wage. For this reason the theorem, first proposed in 1961, excited great interest and controversy because, according to Okishio, it contradicts Marx's law of the tendency of the rate of profit to fall. Marx had claimed that the new general rate of profit, after a new technique has spread throughout the branch where it has been introduced, would be lower than before. In modern words, the capitalists would be caught in a rationality trap ...
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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 ...
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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 ...
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Giorgio Gilibert
Giorgio may refer to: * Castel Giorgio, ''comune'' in Umbria, Italy * Giorgio (name), an Italian given name and surname * Giorgio Moroder, or Giorgio, Italian record producer ** ''Giorgio'' (album), an album by Giorgio Moroder * "Giorgio" (song), a song by Lys Assia * Giorgio Bruno, a character from the video game ''Time Crisis 4'' * Giorgio Zott, the main antagonist from the video game ''Time Crisis 3'' * Giorgio Beverly Hills, a prestige fragrance brand See also * Georgios * Georgio (other) * San Giorgio (other) San Giorgio, is the Italian form of Saint George. When used as the name of a person it is frequently contracted to Sangiorgio. Places Comuni Many towns and villages are named after the saint, including the following ''comuni'', or municipalities: ...
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Theodore Mariolis
Theodore may refer to: Places * Theodore, Alabama, United States * Theodore, Australian Capital Territory * Theodore, Queensland, a town in the Shire of Banana, Australia * Theodore, Saskatchewan, Canada * Theodore Reservoir, a lake in Saskatchewan People * Theodore (given name), includes the etymology of the given name and a list of people * Theodore (surname), a list of people Fictional characters * Theodore "T-Bag" Bagwell, on the television series ''Prison Break'' * Theodore Huxtable, on the television series ''The Cosby Show'' Other uses * Theodore (horse), a British Thoroughbred racehorse * Theodore Racing, a Formula One racing team See also * Principality of Theodoro, a principality in the south-west Crimea from the 13th to 15th centuries * Thoros (other), Armenian for Theodore * James Bass Mullinger James Bass Mullinger (1834 or 1843 – 22 November 1917), sometimes known by his pen name Theodorus, was a British author, historian, lecturer and scholar. A l ...
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Gilbert Abraham-Frois
Gilbert may refer to: People and fictional characters *Gilbert (given name), including a list of people and fictional characters *Gilbert (surname), including a list of people Places Australia * Gilbert River (Queensland) * Gilbert River (South Australia) Kiribati * Gilbert Islands, a chain of atolls and islands in the Pacific Ocean United States * Gilbert, Arizona, a town * Gilbert, Arkansas, a town * Gilbert, Florida, the airport of Winterhaven * Gilbert, Iowa, a city * Gilbert, Louisiana, a village * Gilbert, Michigan, and unincorporated community * Gilbert, Minnesota, a city * Gilbert, Nevada, ghost town * Gilbert, Ohio, an unincorporated community * Gilbert, Pennsylvania, an unincorporated community * Gilbert, South Carolina, a town * Gilbert, West Virginia, a town * Gilbert, Wisconsin, an unincorporated community * Mount Gilbert (other), various mountains * Gilbert River (Oregon) Outer space * Gilbert (lunar crater) * Gilbert (Martian crater) Arts and entertai ...
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Maurice Dobb
Maurice Herbert Dobb (24 July 1900 – 17 August 1976) was an English economist at Cambridge University and a Fellow of Trinity College, Cambridge. He is remembered as one of the pre-eminent Marxist economists of the 20th century. Dobb was born on 24 July 1900 in London, the son of Walter Herbert Dobb and the former Elsie Annie Moir. He and his family lived in the London suburb of Willesden. He was educated at Charterhouse School in Surrey, an elite public school in the British sense. Dobb began writing after the death of his mother in his early teens. His introversion hindered him from building a network of friends. His earliest novels were fictional fantasies. Much like his father, Dobb initiated practice in Christian Science after his mother's death; the family had previously belonged to the Presbyterian Church. Saved from military conscription by the Armistice of November 1918, Dobb was admitted to Pembroke College, Cambridge, in 1919 as an exhibitioner to read economics. ...
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Alessandro Roncaglia
Alessandro Roncaglia (1947) is an Italian economist. He was professor of economics at the Sapienza University of Rome The Sapienza University of Rome ( it, Sapienza – Università di Roma), also called simply Sapienza or the University of Rome, and formally the Università degli Studi di Roma "La Sapienza", is a public research university located in Rome, Ita ... from 1981 to 2017. Awards and honors In 2002 the Italian edition of his ''The wealth of ideas,'' later published in an expanded edition in English, has won the Jerome Blanqui Award of the European Society for the History of Economic Thought. In 2018 appeared ''Classical Economics Today: Essays in Honor of Alessandro Roncaglia,'' edited by Marcella Corsi, J.A. Kregel and Carlo D'Ippoliti. Bibliography Among the publications of Alessandro Roncaglia are: * ;translated in Spanish as:;translated in English as: * * (several reprints) References {{DEFAULTSORT:Roncaglia, Alessandro 1947 births Living peopl ...
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Sergio Parrinello
Sergio may refer to: * Sergio (given name), for people with the given name Sergio * Sergio (carbonado), the largest rough diamond ever found * ''Sergio'' (album), a 1994 album by Sergio Blass * ''Sergio'' (2009 film), a documentary film * ''Sergio'' (2020 film), a biographical drama film * Sergio, the mascot for the Old Orchard Beach Surge baseball team See also *Hurricane Sergio (other) The name Sergio has been used for four tropical cyclones in the Eastern Pacific Ocean. * Tropical Storm Sergio (1978) – threatened Baja California. * Hurricane Sergio (1982) – never threatened land. * Hurricane Sergio (2006) – never threate ...
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