Neo-Schumpeterian price theory with Sraffian and post-Keynesian elements

Harry Bloch

Journal of Evolutionary Economics, 2018, vol. 28, issue 5, No 3, 1035-1051

Abstract: Abstract This paper contributes to the development of a neo-Schumpeterian price theory by combining elements of Sraffian and post-Keynesian price theory with elements drawn from Schumpeter’s own theory of prices. The result is an integrated heterodox approach to price theory incorporating the realism of post-Keynesian pricing rules and the rigour of Sraffa’s formal modelling, along with Schumpeter’s insight that capitalism develops “from within” in a disruptive and uneven manner.

Keywords: Schumpeter; Price theory; Sraffa; Post-Keynesian (search for similar items in EconPapers)
JEL-codes: B52 D40 O30 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/s00191-017-0545-1

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