Sraffa and the Reconstruction of Economic Theory: Aggregate Demand, Policy Analysis and Growth

PART I: SRAFFA'S CONTRIBUTION AND CONTEMPORARY STREAMS IN ECONOMIC ANALYSIS 1. Sraffa's System in Relation to Some Main Currents in Unorthodox Economics-- Tony Aspromourgos 2. Sraffians, Other Post-Keynesians, and the Controversy Over Centres of Gravitation-- Marc Lavoie 3. Piero Sraffa and Shackle's Years of High Theory - Sraffa's Significance in the History of Economic Theories-- Heinrich Bortis 4. Sraffa's and Wittgenstein's Reciprocal Influences: Forms of life' and Snapshots-- Richard Arena 5. Sraffa, Sen and Non-causal Representations in Social Analysis-- Andrea Ginzburg 6. Disequilibrium and Reproduction Prices: Some Extensions of Sraffa's Model-- Carlo Benetti, Christian Bidard and Edith Klimovsky PART II: THE EVOLUTION OF SRAFFA'S IDEAS AND THE MANUSCRIPTS 7. Piero Sraffa and the Future of Economics - A Personal Evaluation-- Luigi Pasinetti 8. Sraffa's Lectures on Continental Banking-- Marcello de Cecco 9. The Construction of Long-Run Market Supply Curves: Some Notes on Sraffa's Critique of Partial Equilibrium-- Giuseppe Freni and Neri Salvadori 10. A Pictorial Approach to the Standard Commodity with a Digression-- Giorgio Gilibert 11. On Sraffa's Corrected Organic Composition of Capital-- Scott Carter PART III: SRAFFA'S LEGACY AND THE INTERPRETATION OF RICARDO 12. Rent, as a Share of Produce, Not Governed by Proportions-- Christian Gehrke 13. Ricardo's Writings in Russia: Influence and Interpretations-- Gennady Borgomazov and Denis Melnik

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