Mark Blaug has written another paper in which he attacks “Sraffian” economics. He characterizes his piece as “a new version of an earlier effort [that] extends and hopefully deepens the argument.” A careful scrutiny of the paper shows that Blaug reiterates once again his previous...

This article seeks to fill a lacuna within classical economics concerning the process of market price determination in situations of market disequilibrium. To this aim, first we distinguish the classical notion of free competition from the Walrasian notion of perfect competition and we argue...