Prices and Distributive Antagonism in the Work of Smith and Kalecki

Sergio Nisticò

Journal of the History of Economic Thought, 1991, vol. 13, issue 1, 54-69

Abstract: Adam Smiths adding up theory (Sraffa 1951, p. xxxv) has generally been interpreted as an expression of the harmonious view of the mechanisms governing exchange ratios and distribution In two preceding works (Nistico 1988,1991) I tried to show that Smith's theory of prices is instead fully compatible with the classical approach to the theory of value and distribution based on the essential role played by class antagonism in a capitalist system.

Date: 1991
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