The Dissolution of the Classical School and the Diversification of Schools

Makoto Itoh
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Makoto Itoh: University of Tokyo

Chapter 2 in The Basic Theory of Capitalism, 1988, pp 22-38 from Palgrave Macmillan

Abstract: Abstract Various anti-classical theories had already sprung up from critiques of the limitations and weaknesses of the classical school, even in Ricardo’s lifetime. In particular the ideological belief in a prescribed harmony in a capitalist economy and the resultant theoretical inconsistencies in the value theory of the classical school were a source of critiques and deviations.

Keywords: Marginal Utility; Capitalist Economy; Classical School; Austrian School; Price Theory (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19107-9_2

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DOI: 10.1007/978-1-349-19107-9_2

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