Sraffa's early contribution to competitive price theory

Giuseppe Freni

The European Journal of the History of Economic Thought, 2001, vol. 8, issue 3, 363-390

Abstract: In this paper, Sraffa's 1925 contribution to competitive price theory is reconsidered. It is argued that Sraffa's 1925 framework of analysis is a 'general' equilibrium model of the supply side of the economy with many Ricardian features. It is suggested that Samuelson's 1959 Ricardian model and 1971 Marshallian specific-factors model may help re-analyse Sraffa's 1925 work along the lines outlined above. It is also contended that the elements of continuity between Sraffa's early work and Production of Commodities are more pronounced than commonly believed.

Keywords: Sraffa Partial Vs. General Equilibrium Supply Curves Specific-FACTORS Models (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (2)

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DOI: 10.1080/09672560110062979

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