Academic literature on the topic 'Neo-Ricardian approach'

The article considers the main propositions of Neo-Ricardian interpretation of the classical approach to the problem of pricing. The author shows that in normal (long-term) economic conditions commodity prices do not depend on the conditions of income distribution. The impossibility to explain rate of profit within the framework of the model of "standard system" is shown. The author concludes that neo-Ricardian "price distribution effects" and criticism of Neoclassical concept of capital are incorrect.

The article is devoted to historical and theoretical analysis of origins and perspectives of the neo-Ricardian theory as a special scientific approach to economic analysis. The author considers the works of Russian economists such as M. I. Tugan-Baranovsky, V. K. Dmitriev, N. N. Shaposhnikov and V. I. Bortkiewicz. He analyzes the development of their views, their mutual influences and the role of Marxian political economy in the historical development of neo-Ricardianism. Drawing from the archival evidence the article shows that the Russian tradition in political economy is in many respects an anticipation of the works of P. Sraffa and neo-Ricardian theory as a whole.

This paper tests a neo-Heckscher-Ohlin versus a neo-Ricardian framework for explaining vertical intra-industry trade. The study applies panel techniques with instrument variables to analyse trade between ‘old’ EU and 10 Central-East European countries in their post-transition period. Results show country-pair fixed effects to be of high relevance for explaining vertical intra-industry trade. Technology differences are positively, while differences in factor endowment, measured in GDP per capita, are negatively correlated with vertical intra-industry trade, and confirm the relevance of the neo-Ricardian approach. In addition, changing bilateral differences in personal income distribution during the transition of Central-East European countries towards a market economy contribute to changes in vertical intra-industry trade.

Like the rest of the poor periphery, Mexico fought with de-industrialization in the century before the 1870s. Yet, Mexican manufacturing defended itself better than did the rest of the poor periphery. Why Mexicanexceptionalism? This article decomposes the sources of de-industrialization into productivity events abroad, globalization forces connecting Mexico to those markets, and domestic forces. It uses a neo-Ricardian model to implement the decomposition, advocates a price dual approach, and develops a new price and wage data base. Mexicanexceptionalismwas due to weaker Dutch disease effects, better wage competitiveness, and the policy autonomy to foster industry.

The article analyzes the development of J.M. Keynes's theory in the second half of the twentieth century due to the works within the new direction of economical science - Post-Keynesianism. It is shown that in free-market economy Keynesian school based of the original Keynesian methodology requires additional studies of state regulation principles and take into account the qualitative changes in the market mechanisms. It is shown that post-Keynesianism has had a significant impact on the subject of research and has taken into account the principles of free enterprise, market pricing, level of price dynamics. All this principles allow realizing the principle of self-regulation of the market mechanism. New approaches to the post-Keynesians role of the state and state regulation combined with the freedom of entrepreneurship are analyzed. Taking into account real changes and economic crises it is necessary to analyze the main directions of development of the Keynesian model of economic regulation with a view to their effective use in shaping economic policy. There are considered the basic directions of development of post-Keynesianism such as Neo-Ricardian theory of value and prices of goods based on direct costs of production in the framework of macroeconomic model by P. Sraffa, information theory of "fundamental" uncertainty of the future by R. Klauder and the theory of financial instability hypothesis by H. Minsky. Their differences within the framework of post-Keynesianism under the subject specialization are considered. It is noted that the development of PostKeynesianism allows to present the latest research in modern Keynesian school within an interdisciplinary approach to economical problems.

Ecological disruptions such as climate change, pollution, waste build-up and rapid biodiversity loss are generally seen as the result of human activity; economically, socially and culturally determined. When it comes to the economy, heterodox macroeconomic tools and models are becoming prominent. They provide assessments and scenarios which focus on the complex interactions between the economy and carbon emissions as well as the potential impact of climate policies on both the economy and climate change itself. At the same time, we witness the increasing recognition of the incompatibility between capitalism as a socio-economic system and ecological restoration among non-economic scholars. But the specific theories that criticize the ecological consequences of capitalism from a Marxist vantage point have yet to formally manifest themselves in the field of Economics, all whilst the opportunity to do so is fairly imaginable. This dissertation provides an introduction to the modern synthesis between Marx and Ecology. It discusses its historical on-set in the second half of the nineteenth century and highlights its key-theoretical concepts: the metabolic rift theory and the ecological surplus. One of the reasons behind the absence of the metabolic rift theory Ecological Economics is related to the asserted incompatibility between Marx and Ecology in the 1980s. By providing some insights that counter these accusations the dissertation sheds light on the conceivable benefit of these considerations in the realm of Ecological Economics. The main result of this dissertation is the formalization of the metabolic rift theory such as to provide the field of Ecological Economics with a more complete approach to the representation of economy-ecology configurations. Before laying out an alternative, the status-quo of current mathematical formalization practices in the field of Ecological Economics is discussed and reinterpreted by means of Marx’s labour process theory and the distinction between appropriated and capitalized contributions to production processes. The proposed alternative to the formal representation of economy-ecology configurations draws on methods belonging to social metabolism studies (MuSIASEM) and the neo-Ricardian surplus approach.