The neo-Ricardian school is an economic school of thought that derives from the close reading and interpretation of

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, Ad ...

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- ...

, and from Sraffa's critique of

neoclassical economics Neoclassical economics is an approach to economics in which the production, consumption and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good ...

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 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 starte ...

. It particularly disputes neoclassical theory of income distribution. Prominent neo-Ricardians are usually held to include

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 Economic ...

, Krishna Bharadwaj,

Luigi Pasinetti Luigi L. Pasinetti (born 12 September 1930) is an Italian economist of the post-Keynesian school. Pasinetti is considered the heir of the " Cambridge Keynesians" and a student of Piero Sraffa and Richard Kahn. Along with them, as well as Joan Ro ...

Joan Robinson Joan Violet Robinson (''née'' Maurice; 31 October 1903 – 5 August 1983) was a British economist well known for her wide-ranging contributions to economic theory. She was a central figure in what became known as post-Keynesian economics. B ...

John Eatwell John Leonard Eatwell, Baron Eatwell, (born 2 February 1945) is a British economist who was President of Queens' College, Cambridge, from 1996 to 2020. A former senior advisor to the Labour Party, Lord Eatwell sat in the House of Lords as a non- ...

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 a ...

Murray Milgate Murray Milgate (born 1950), is an Australian-born academic economist and Sometime Fellow and director of studies in economics at Queens' College in the University of Cambridge, where he is now a Life Fellow. He is the co-creator and co-editor of ...

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 eme ...

, Heinz D. Kurz,

Neri Salvadori Neri or Néri may refer to: Places * Neri, Iran, a village in West Azerbaijan Province *Neri, India, a village in the north Indian state Himachal *Neri River, a river in Ethiopia People and fictional characters * Neri (surname) *Neri (given name) ...

Bertram Schefold Bertram Schefold (born 28 December 1943 in Basel) is a Swiss economist and an Economics professor at the Goethe University in Frankfurt am Main specializing in economic theory with a particular focus on capital theory and the history of economic ...

Fabio Petri Fabio is a given name descended from Latin ''Fabius'' and very popular in Italy and Latin America (due to Italian migration). Its English equivalent is Fabian. The name is written without an accent in Italian and Spanish, but is usually accented ...

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 A ...

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 ...

, Fabio Ravagnani, Roberto Ciccone,

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 * ''Se ...

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 Rom ...

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 bo ...

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 A ...

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 Sask ...

and

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" (son ...

. The school partially overlaps with

post-Keynesian 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 Wei ...

and neo-Marxian economics.

External links

The Neo-Ricardians
archive)

New School University 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 dedicated to academic freedom and intellectual inquiry and a home for progressive thinkers. ...

Schools of economic thought Classical economics Political ideologies Eponymous economic ideologies Eponymous political ideologies {{Econ-stub

See also

External links