...This article explores Piero Sraffa’s role in the criticism of mainstream theory and the development of post-Keynesian economics. Despite claims to the contrary, there is a strong bond uniting post-Keynesians of various brands and Sraffa: it is their opposition to the marginalist or neoclassical...

... to the views which Milton Friedman would later develop. However, The General Theory itself represented a major challenge to the orthodoxy of the time, and it was to this that Friedman radically objected. We identify the main areas in which Keynes departed from mainstream theory, and show how...

...Piero Sraffa’s pivotal contribution to the critique of mainstream theory is well known. It had three principal targets: Marshallian partial equilibrium theory, the neoclassical macroeconomic theory of income distribution, and the neo-Walrasian microeconomic theory of general equilibrium from Pareto...

...This concluding chapter argues that Classical Liberal methodology is defined more by an attitude than it is by a particular methodological approach. That attitude blends a deep-seated skepticism of mainstream theory—often manifested by heterodox economists—with an appreciation of the gains...