This article seeks to explain why institutionalism did not become the benchmark in economic theory, and shows that unlike neoclassical theory, the classical theory of Smith and Ricardo can incorporate many of its contributions. It also presents an example of this capability and outlines the essential role of social and institutional factors in the theory of Smith and Ricardo in regard to the labor market.
Levrero, E.S. (2014). Institucionalismo y teoría económica: Del “Neoclasicismo” a la teoría clásica. REVISTA DE ECONOMIA INSTITUCIONAL, 16(31), 81-99.
Institucionalismo y teoría económica: Del “Neoclasicismo” a la teoría clásica
LEVRERO, Enrico Sergio
2014-01-01
Abstract
This article seeks to explain why institutionalism did not become the benchmark in economic theory, and shows that unlike neoclassical theory, the classical theory of Smith and Ricardo can incorporate many of its contributions. It also presents an example of this capability and outlines the essential role of social and institutional factors in the theory of Smith and Ricardo in regard to the labor market.File in questo prodotto:
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