Keynes and Sraffa challenge neoclassical theories, reshaping economic understanding.
The article explores how Keynes and Sraffa challenged traditional economic theories. Keynes focused on how money affects production and asset prices, while Sraffa looked at how prices are determined. Both believed that key economic factors are influenced by preferences and policies, rather than natural laws. They used specific methods to analyze complex economic issues and found that monetary factors play a significant role in determining interest rates and income distribution.