Sraffa and the reconstruction of economic theory, 3, Sraffa and the reconstruction of economic theory.: Sraffa's legacy: interpretations and historical perspectives

Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in Sraffa and the Reconstruction of Economic Theory account for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or marginalist) theory of value and distribution, and the reconstruction of economic theory along the lines of the classical approach. Divided into three volumes, Sraffa and the Reconstruction of Economic Theory debates the most fruitful routes for advancements in this field and their implications for applied and policy analysis. This third volume collects papers concerning the evolution of Sraffa's ideas and the interpretation of his contribution in relation to other streams in economics, methodology and the history of economic thought.

Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in this book accounts for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or 'marginalist') theory of value and distribution, and the reconstruction of economic theory along the lines of the Classical approach. Divided into three volumes, the book debates the most fruitful routes for advancements in this field and their implications for applied and policy analysis. This first volumes focuses on the critique of general equilibrium theory and the determinants of income distribution, together with the related issue of the method of analysis which characterises the Classical theory and the marginalist approach.

This second volume of the book Sraffa and the Reconstruction of Economic Theory focuses on the theory of output and growth as developed in the modern revival of classical approach. Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in this book accounts for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or 'marginalist') theory of value and distribution, and the reconstruction of economic theory along the lines of the Classical approach. Divided into three volumes, the book debates the most fruitful routes for advancements in this field and their implications for applied and policy analysis. This second volume focuses on the theory of output and growth as developed in the modern Classical approach on the basis of the extension to the long run of the Keynesian principle of effective demand, and on the implications of the revival of the Classical approach for policy analysis and for understanding the evolution of the international economic order in the last few decades

Cover -- Contents -- List of Tables and Figures -- Preface -- Acknowledgements -- List of Contributors -- Introduction -- Part I: Sraffa's Contribution and Contemporary Streams in Economic Analysis -- 1 Sraffa's System in Relation to Some Main Currents in Unorthodox Economics -- 2 Sraffians, other Post-Keynesians, and the Controversy over Centres of Gravitation -- 3 Piero Sraffa and Shackle's Years of High Theory: Sraffa's Significance in the History of Economic Theories -- 4 Sraffa's and Wittgenstein's Reciprocal Influences: Forms of Life and Snapshots -- 5 Sraffa, Sen and Non-Causal Representations in Social Analysis -- 6 Disequilibrium and Reproduction Prices: Some Extensions of Sraffa's Model -- Part II: The Evolution of Sraffa's Ideas and the Manuscripts -- 7 Piero Sraffa and the Future of Economics: A Personal Evaluation -- 8 Sraffa's Lectures on Continental Banking -- 9 The Construction of Long-Run Market Supply Curves: Some Notes on Sraffa's Critique of Partial Equilibrium Analysis -- 10 A Pictorial Approach to the Standard Commodity with a Digression -- 11 On Sraffa's 'Corrected' Organic Composition of Capital -- Part III: Sraffa's Legacy and the Interpretation of Ricardo -- 12 Rent, as Share of Produce, Not Governed by Proportions -- 13 Ricardo's Writings in Russia: Influence and Interpretations -- Index.

Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in Sraffa and the Reconstruction of Economic Theory account for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or marginalist) theory of value and distribution, and the reconstruction of economic theory along the lines of the Classical approach. Divided into three volumes, Sraffa and the Reconstruction of Economic Theory debates the most fruitful routes for advancement in this field and their implications for applied and policy analysis. This second volume focuses on the theory of output and growth as developed in the modern classical approach on the basis of the extension to the long run of the Keynesian principle of effective demand, and on the implications of the revival of the classical approach for policy analysis and for understanding the evolution of the international economic order in the last few decades.

This book accounts for the work done around the two central aspects of Piero Sraffa's contribution to economic analysis, namely the criticism of the neoclassical theory of value and distribution and the reconstruction of economic theory along the lines of the Classical approach.

This book accounts for the work done around the two central aspects of Piero Sraffa's contribution to economic analysis, namely the criticism of the neoclassical theory of value and distribution and the construction of economic theory along the lines of the Classical approach.

This book accounts for the work done around the two central aspects of Piero Sraffa's contribution to economic analysis, namely the criticism of the neoclassical theory of value and distribution and the reconstruction of economic theory along the lines of the Classical approach