Study of the Link between Classical and Neo-Classical Economics

Since 1890، the science of economics is expressed as neo-classical. To be more accurate، the classical political economy is changed to neo-classical economy. The term “neo-classical economics” has been widely used ever since by numerous economists. As Marshall was more enthusiastic than other founders in determining or proving the connection between Marginalism and classical political economy، he is the one behind the coinage of the term neo-classical. Marshal sought to show a connection between marginalist and classical economy. Above all، he wanted to show that neo-classical economy is the continuation of the classical political economy. Using library sources and analytical-descriptive method، this paper attempts to show that is it not correct to attribute the neo-classical economics to the concept of connection between classical and marginalist economics or consider it as continuation of the classical economics. Thus، we show the discontinuity between the classical، marginalist، and Marshall’s theories of value and distribution by referring to theories of value and distribution. Also، such wrong attribution is emphasized by referring to other distinctive features of classical and neo-classical economics.