Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324078 
Year of Publication: 
2022
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 75 [Issue:] 303 [Year:] 2022 [Pages:] 425-431
Publisher: 
Associazione Economia civile, Rome
Abstract: 
This paper is a revised version of a discussion with Nobel laureate Vernon Smith on the limits of neoclassical theory and on the opportunity to recover the alternative approach of classical economists and Marx. Vernon Smith is certainly right to insist on the heuristic force of the classical concept of "price discovery". However, his interpretation of the classical theory of prices remains in many respects undetermined, unless it is clearly anchored to Sraffa.
Subjects: 
Vernon Smith
Neoclassical approach
Classical approach
Sraffa
price discovery
theory of prices
JEL: 
B12
B21
B24
B51
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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