The Neo-Ricardians

("Sraffians")

Wage-Profit curves from Pasinetti

The "Neo-Ricardians" refers to the school of economics that emerged in resurrected the economic value theory of David Ricardo and the 19th C. British Classical School  in the 20th Century, especially after the work of Piero Sraffa (1960)   The Neo-Ricardian school consciously rejects Neoclassical value theory, positing the Classical theory of value in its place.  Many (most?) Neo-Ricardians have pursued or advocated the combination of Classical price theory with the Keynesian theory of effective demand.  Many Neo-Ricardians overlap with Cambridge Keynesians.


 

 

 HET

 

Resources on Neo-Ricardian Economics

 


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