Notes on a Mischaracterization of the Classical Theory of Value

Fabio Ravagnani

Review of Political Economy, 2001, vol. 13, issue 3, 355-363

Abstract: This paper discusses the widespread view that the classical determination of relative prices is closely connected to the study of the conditions allowing for the 'reproduction' of the economy. It is argued that this view obscures the generality of Sraffa's contribution and, furthermore, that it does not provide a solid criterion for distinguishing the classical from the marginalist approach to the theory of value.

Date: 2001
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DOI: 10.1080/09538250120055173

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