Piero Sraffa’s Contribution to Political Economy

Alessandro Roncaglia

Chapter 13 in Twelve Contemporary Economists, 1981, pp 240-256 from Palgrave Macmillan

Abstract: Abstract In 1960, when Piero Sraffa’s main work Production of Commodities by Means of Commodities appeared, one reviewer commented that the book might perhaps have had something new to say at the end of the twenties when Sraffa drew up the outline of his approach, but by the time of its publication it had been superseded by contemporary economic analysis.1 Since then the debate over Capital Theory has proved this opinion profoundly inaccurate. Sraffa’s analysis has been used to criticise some of the central elements of dominant economic thought. In addition a more constructive function has also been attributed to the analysis — that of the scientific rehabilitation of the classical (Ricardian) and Marxian framework.

Keywords: Political Economy; Wage Rate; Relative Prex; Classical Economist; Profit Rate (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05498-5_13

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DOI: 10.1007/978-1-349-05498-5_13

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