Piero Sraffa (Great Thinkers in Economics)

Cover......Page 1
Contents......Page 6
Figures......Page 8
Introduction......Page 9
1.1 The early writings: Money and banking......Page 14
1.2 Friendship with Gramsci......Page 19
1.3 Critique of Marshallian theory......Page 22
1.4 Imperfect competition......Page 27
1.5 Criticism of the representative firm and the evolutionary side of Marshall's analysis......Page 29
2.1 Cambridge......Page 35
2.2 Wittgenstein......Page 38
2.3 Friendship with Keynes and criticism of Hayek......Page 41
2.4 The critical edition of Ricardo's writings......Page 48
3.1 From Ricardo to Sraffa......Page 54
3.2 Production of Commodities by Means of Commodities......Page 56
3.3 Sraffa's analysis and the classical approach: Critiqueof 'cost of production' theories, distinction between market and natural prices......Page 59
3.4 Socially necessary techniques......Page 64
3.5 The post factum wage payment and the period of production......Page 68
3.6 The Sraffian revolution......Page 69
4.1 Basics, non-basics and wage goods: Sraffa and the classics......Page 73
4.2 The classical distinction between necessaries and luxuries......Page 74
4.3 The distinction between basic and non-basic products......Page 78
4.4 The wage–profit relationship......Page 81
4.5 Subsistence goods and the distinction between basics and non-basics......Page 82
4.6 The relation to von Neumann’s theory of proportional growth
......Page 84
5.1 The standard of measure in Smith and Ricardo......Page 91
5.2 Marx on Bailey on Ricardo......Page 95
5.3 Sraffa's specific problem and its solution......Page 97
5.4 Standard commodity, labour commanded and the von Neumann system......Page 101
5.5 The relation of the standard commodity to the average commodity......Page 103
6.1 The analytical structure of the marginalist approach......Page 108
6.2 Critique of the Austrian theory......Page 112
6.3 Critique of capital as a factor of production......Page 116
6.4 Extensions of the critiques......Page 122
7.1 Interpreting Sraffa: The assumption of given quantities......Page 126
7.2 The clash between the classical and marginalist approaches......Page 129
7.3 Classical versus marginalist conceptions of competition......Page 134
7.4 The realisation problem......Page 136
7.5 Sraffa and Wittgenstein: The problem of method in economics......Page 139
7.6 Sraffa and Keynes......Page 144
7.7 Summing up......Page 149
8.1 Introduction......Page 151
8.2 The rediscovery of the classical approach......Page 152
8.3 The analytical contributions stemming from Sraffa......Page 154
8.4 The 'Ricardian' reconstruction: Pasinetti......Page 157
8.5 The 'Marxian' reconstruction: Garegnani......Page 160
8.6 The 'Smithian' reconstruction: Sylos Labini......Page 164
8.7 A preliminary evaluation of the three lines of enquiry......Page 167
References......Page 175
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M
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R
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