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The Dissolution of the Classical School and the Diversification of Schools

In: The Basic Theory of Capitalism

Author

Listed:
  • Makoto Itoh

    (University of Tokyo)

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.

Suggested Citation

  • Makoto Itoh, 1988. "The Dissolution of the Classical School and the Diversification of Schools," Palgrave Macmillan Books, in: The Basic Theory of Capitalism, chapter 2, pages 22-38, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19107-9_2
    DOI: 10.1007/978-1-349-19107-9_2
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