Neo-Ricardian Theory of Value and Distribution: A Critique

M. Bodrikov.

VOPROSY ECONOMIKI, 2007, vol. 5

Abstract: The article considers the main propositions of Neo-Ricardian interpretation of the classical approach to the problem of pricing. The author shows that in normal (long-term) economic conditions commodity prices do not depend on the conditions of income distribution. The impossibility to explain rate of profit within the framework of the model of «standard system» is shown. The author concludes that neo-Ricardian «price distribution effects» and criticism of Neoclassical concept of capital are incorrect.

Date: 2007
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Persistent link: http://EconPapers.repec.org/RePEc:nos:voprec:2007-05-8

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