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Neo-Ricardianism. 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 ...
- Ricardian economics
David Ricardo. Ricardian economics are the economic theories...
- Ricardian economics
Die neoricardianische Schule ist eine wirtschaftswissenschaftliche Schule, welche sich in der Tradition des britischen Ökonomen David Ricardo sieht und sich auf die Werke von Piero Sraffa stützt, insbesondere sein Warenproduktion mittels Waren.
- Contemporary Economic Thought
- Historical Economic Thought
- 20th Century Schools
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Mainstream economics
Mainstream economics is distinguished in general economics from heterodox approaches and schools within economics. It begins with the premise that resources are scarce and that it is necessary to choose between competing alternatives. That is, economics deals with tradeoffs. With scarcity, choosing one alternative implies forgoing another alternative—the opportunity cost. The opportunity cost expresses an implicit relationship between competing alternatives. Such costs, considered as prices i...
Contemporary heterodox economics
In the late 19th century, a number of heterodox schools contended with the neoclassical school that arose following the marginal revolution. Most survive to the present day as self-consciously dissident schools, but with greatly diminished size and influence relative to mainstream economics. The most significant are Institutional economics, Marxian economics and the Austrian School. The development of Keynesian economics was a substantial challenge to the dominant neoclassical school of econo...
Modern macro- and microeconomics are young sciences. But many in the past have thought on topics ranging from value to production relations. These forays into economic thought contribute to the modern understanding, ranging from ancient Greek conceptions of the role of the household and its choicesto mercantilism and its emphasis on the hoarding of...
Notable schools or trends of thought in economics in the 20th century were as follows. These were advocated by well-defined groups of academics that became widely known: In the late 20th century, areas of study that produced change in economic thinking were: risk-based (rather than price-based models), imperfect economic actors, and treating econom...
Galbács, Peter (2015). The Theory of New Classical Macroeconomics. A Positive Critique. Contributions to Economics. Heidelberg/New York/Dordrecht/London: Springer. doi:10.1007/978-3-319-17578-2. IS...Spiegel, Henry William. 1991. The Growth of Economic Thought. Durham & London: Duke University Press. ISBN 0-8223-0973-4John Eatwell, Murray Milgate, and Peter Newman, ed. (1987). The New Palgrave: A Dictionary of Economics, v. 4, Appendix IV, History of Economic Thought and Doctrine, "Schools of Thought," p. 980 (l...In the mid-20th century, a renewed interest in classical economics gave rise to the neo-Ricardian school and its offshoots. Classical international trade economics. Adam Smith refuted Mercantilist thought with his most influential publication: An Inquiry into the Nature and Causes of the Wealth of Nations.
See also Neo-Ricardianism. The Neo-Ricardian school is sometimes seen to be a component of Post-Keynesian economics. Neo-Ricardian trade theory. Inspired by Piero Sraffa, a new strand of trade theory emerged and was named neo-Ricardian trade theory.
Neo-Ricardian economics is a school of thought that aims to revive classical economics, which flourished during the eighteenth and nineteenth centuries, by reformulating it analytically and extending its approach to economic theorizing.
