TITLE:
Neo-Smithian Economics? (After Sraffa)
AUTHORS:
Mario de Marchi
KEYWORDS:
Methodology of Economics, Theory of Prices and Income Distribution, Theory of Income and Employment, Consumption Multiplier, Propensity to Savings, Rate of Profit
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.10 No.12,
December
23,
2020
ABSTRACT: In this article, the attempt is made at overcoming some flaws commonly attributed to the economic thought of Adam Smith. It is then argued that such a solution may open up the possibility of fertile links between a Neo-Smithian approach and the John Maynard Keynes’ theory of income and employment.