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The Dissolution of the Classical School and the Diversification of Schools

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The Basic Theory of Capitalism
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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.

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Notes

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© 1988 Makoto Itoh

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Itoh, M. (1988). The Dissolution of the Classical School and the Diversification of Schools. In: The Basic Theory of Capitalism. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19107-9_2

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