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

David Ricardo

David Ricardo was an English political economist, often credited with systematising economics, and was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and John Stuart Mill. He was also a member of Parliament, businessman, financier and speculator,...

 by Piero Sraffa

Piero Sraffa

Piero Sraffa was an influential Italian economist whose book Production of Commodities by Means of Commodities is taken as founding the Neo-Ricardian school of Economics.- Early life :...

, and from Sraffa's

Piero Sraffa

Piero Sraffa was an influential Italian economist whose book Production of Commodities by Means of Commodities is taken as founding the Neo-Ricardian school of Economics.- Early life :...

 critique of Neoclassical economics

Neoclassical economics

Neoclassical economics is a term variously used for approaches to economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, often mediated through a hypothesized maximization of utility by income-constrained individuals and of profits...

 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.

Prominent neo-Ricardians are usually held to include Pierangelo Garegnani

Pierangelo Garegnani

Pierangelo Garegnani was an Italian economist and professor of the Universitá degli Studi Roma Tre...

, Krishna Bharadwaj, Luigi Pasinetti

Luigi Pasinetti

Luigi L. Pasinetti is an Italian economist of the Post-Keynesians 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 Robinson, he was one of the prominent members on the "Cambridge, UK" side of the...

, John Eatwell, Murray Milgate

Murray Milgate

Murray Milgate is an Australian-born academic economist and Fellow and Director of Studies in Economics at Queens' College in the University of Cambridge...

, Ian Steedman

Ian Steedman

Ian Steedman was for many years a Professor of economics at the University of Manchester before moving down the road to Manchester Metropolitan University...

, Heinz Kurz, Neri Salvadori, Bertram Schefold, Fabio Petri, Massimo Pivetti, Franklin Serrano, Fabio Ravagnani, Roberto Ciccone, Sergio Parrinello, Gilbert Abraham-Frois and Giorgio Gilibert. The school overlaps with post-Keynesian economics

Post-Keynesian economics

Post Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, although its subsequent development was influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor and Paul Davidson...

.

External links

• The Neo-Ricardians, a profile at the History of Economic Thought website