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Journal of Evolutionary Economics

, Volume 28, Issue 5, pp 1035–1051 | Cite as

Neo-Schumpeterian price theory with Sraffian and post-Keynesian elements

  • Harry BlochEmail author
Regular Article

Abstract

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.

Keywords

Schumpeter Price theory Sraffa Post-Keynesian 

JEL classification

D40 O30 B52 

Notes

Acknowledgements

The author is grateful for comments received from conference participants, especially Brendan Markey-Towler and Beniamino Callegari. Additional comments from two anonymous referees have been most useful in revising the paper to clarify several points. The author remains responsible for any remaining errors or omissions.

Compliance with ethical standards

Conflict of interest

Harry Bloch declares that he has no conflict of interest.

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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2017

Authors and Affiliations

  1. 1.Curtin UniversityPerthAustralia

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