Piero Sraffa and Shackle’s Years of High Theory: Sraffa’s Significance in the History of Economic Theories

Heinrich Bortis

Chapter 3 in Sraffa and the Reconstruction of Economic Theory: Volume Three, 2013, pp 55-83 from Palgrave Macmillan

Abstract: Abstract In the course of Shackle’s Years of High Theory 1926–1939 [–1960] a twin revolution took place in economic theory, associated with the names of Maynard Keynes and Piero Sraffa (Shackle, 1967).1 In this chapter three issues related to this revolution are considered. First, some remarks are made on the making and the nature of the Sraffian revolution. In the second place, the relation between the Sraffian and the Keynesian revolution is briefly dealt with. The third section is about the significance of Piero Sraffa for modern political economy. The chapter begins with some general remarks related to Sraffa and his work.

Keywords: Political Economy; Demand Curve; Supply Curve; High Theory; Neoclassical Theory (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31404-8_4

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DOI: 10.1057/9781137314048_4

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