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Theneo-Ricardian school is aneconomic school of thought that derives from the close reading and interpretation ofDavid Ricardo byPiero Sraffa, and from Sraffa's critique ofneoclassical economics as presented in hisThe Production of Commodities by Means of Commodities, and further developed by the neo-Ricardians in the course of theCambridge capital controversy. It particularly disputes the neoclassical theory of income distribution. Robert Rowthorn, in his 1974 article,Neo-classicism, neo-Ricardianism and Marxism in the New Left Review (I, 86), coined the name.Franklin Delano Roosevelt III, with his dissertation,Towards a Marxist Critique of the Cambridge School, put forth a similar view. The name"Sraffian economics" is also used.[1]
Prominent neo-Ricardians are usually held to includePierangelo 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 andGiorgio Gilibert.
The school partially overlaps withpost-Keynesian andneo-Marxian economics.
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