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SRAFFA’S PRICE EQUATIONS IN LIGHT OF GAREGNANI AND PASINETTI. The “core” of surplus theories and the “natural” relations of an economic system

Enrico Bellino ()

Cahiers d’économie politique / Papers in Political Economy, 2015, issue 69, 15-44

Abstract: Within the rich literature that has flowed from Sraffa’s framework of Production of Commodities by Means of Commodities, a prominent position is occupied by the research programmes developed independently by two authoritative exponents of this school: Pierangelo Garegnani and Luigi Pasinetti. Certain specific features of their approaches might lead one to see them as alternatives to one another. Yet, when analysed from a constructive perspective, one discovers not only a common origin and methodology, but also strict complementarity in their analysis of the main characteristics of industrial systems.

Keywords: Surplus approach; “core” of a capitalist system; structural economic dynamics; “natural system”; Garegnani; Pasinetti; Sraffa; Keynes; post-Keynesians (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:cpo:journl:y:2015:i:69:p:15-44