Neo-Schumpeterian price theory with Sraffian and post-Keynesian elements
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2017Type
Journal Article
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Bloch, H. 2017. Neo-Schumpeterian price theory with Sraffian and post-Keynesian elements. Journal of Evolutionary Economics.
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Journal of Evolutionary Economics
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School of Economics and Finance
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The final publication is available at Springer via http://dx.doi.org/10.1007/s00191-017-0545-1
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Abstract
© 2017 Springer-Verlag GmbH Germany, part of Springer Nature 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.
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