From Physiocratic School to Neoclassical Economics

Alain Herscovici ()

Chapter Chapter 3 in Value, Historicity, and Economic Epistemology, 2023, pp 49-78 from Springer

Abstract: Abstract Mercantilism has as object, the study of money and its intrinsic value, and it does not get to study economics as a relatively autonomous system, which encompasses production, consumption and exchange. Economic Science, i.e., the study of the economic system as a whole, was born with the Physiocracy, developed with Smith, Ricardo and Marx, and later with Marginalism. I will study the different episteme that characterizes the Classical and the Neoclassical Schools, as well as the internal ambiguities of each one.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-21157-7_3

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DOI: 10.1007/978-3-031-21157-7_3

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