Sraffa’s Lectures on Continental Banking

Marcello Cecco

Chapter 8 in Sraffa and the Reconstruction of Economic Theory: Volume Three, 2013, pp 174-188 from Palgrave Macmillan

Abstract: Abstract Many people, including myself, think that there is a link between Sraffa’s writings on value and distribution and his writings on money and banking. Concerning this otherwise very important facet of Sraffa’s writings on money and banking, the reader is referred to my very old, yet only recently published paper (de Cecco, 2010) on Keynes and modern financial theory and to the work of Carlo Panico and others on this subject. Here I will only say that Sraffa retained, throughout his published and unpublished work, the opinion he had formed when he was studying Italian inflation in his undergraduate dissertation: that money, monetary policy and finance are shaped by politics but have a very strong influence on how the real economy works, above all on the share of profits, wages and rents.

Keywords: Monetary Policy; Central Bank; Banking System; Foreign Capital; German Bank (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_9

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DOI: 10.1057/9781137314048_9

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