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 economist. He was one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. Ricardo was also a politician, and a ...
by
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 n ...
, 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,
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.
...
,
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
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,
Theodore Mariolis and
Giorgio Gilibert.
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 ...
and
neo-Marxian economics.
See also
*
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 ...
*
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 introducin ...
*
Ricardian economics
*
Capital accumulation
Capital accumulation is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form ...
External links
The Neo-Ricardiansarchive)
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 thinker ...
Schools of economic thought
Classical economics
Political ideologies
Eponymous economic ideologies
Eponymous political ideologies
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