Η Κλασική Πολιτική Οικονομία και η Νεοκλασική τομή

Abstract

In this paper the author examines the theoretical contribution of Classical and Neoclassical School of Thought in economic science. Classical School argues about heobjective theory of value, based on the cost of production. On the contrary, Neoclassical School argues about the subjective theory of value, based on the consumer utility. Neoclassical School introduces the use of mathematic tools, using marginal indexes and models, such Marshallian cross. Classical School uses only theoretical approach, on the contrary Neoclassical School uses marginalism and elasticity in order to examine the economic problem. On the conclusion the paper lights the similarities and the differences between Classical and Neoclassical School of Τhough