Professor Hahn on the ‘neo-Ricardian' criticism of neoclassical economics

The purpose of the present contribution is to dispel a number of frequent misunderstandings concerning the targets and the implications of the so-called Cambridge or ‘Sraffian’ criticisms of the ‘neoclassical’ or ‘marginalist’ theory of capital (and of value, distribution and employment). ¹ This aim will be pursued through a discussion of Frank H.Hahn’s article ‘The neo-Ricardians’ (1982). ²