Real and Apparent Unknowns and the Origin of Sraffa’s Equations

Nerio Naldi ()
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Nerio Naldi: University of Rome La Sapienza

Chapter Chapter 14 in New Perspectives on Political Economy and Its History, 2020, pp 279-299 from Palgrave Macmillan

Abstract: Abstract Pierangelo Garegnani, in a paper read at the conference on Piero Sraffa held at the Accademia Nazionale dei Lincei in February 2003, put forward an interpretation of the origin of the research project which led Sraffa to publish his book Production of Commodities by Means of Commodities Commodities (Sraffa 1960). The chapter puts forward a reformulation of the part of Garegnani’s discussion devoted to consider how Sraffa came to introduce price variables into his equations. Following Garegnani’s analysis, we will see that Sraffa’s earliest equations included only things and no price variables. Furthermore, we will also see that Sraffa still tried to maintain his earliest formulation for the case of a no surplus economy even after he had decided to introduce price variables into his positive surplus equations.

Keywords: Sraffa; Sraffa’s equations; Ramsey; Production of Commodities by Means of Commodities (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-42925-6_14

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DOI: 10.1007/978-3-030-42925-6_14

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