In the last decade or so, disciples of Piero Sraffa have propagated a particular interpretation of classical economics, according to which the classical economists focussed on the 'core' of their analysis on the determination of relative prices in long-run equilibrium, taking as given the volume of output, its commodity composition, the technology of every industry, and real wages; everything else in classical economics is said to belong to the periphery and follows from the analysis at the core.
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Paper provided by University of Exeter, School of Business and Economics in its series Discussion Papers with number
98/02.
Length: 35 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:exetec:98/02
Contact details of provider: Postal: School of Business and Economics University of Exeter Streatham Court Rennes Drive Exeter EX4 4PU Phone: (01392) 263218 Fax: (01392) 263242 Web page: http://www.exeter.ac.uk/sobe/ More information through EDIRC
Find related papers by JEL classification: B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith) B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General