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From Ricardo to Sraffa: A Quest for a Modern Classical Standpoint on Money

Ghislain Deleplace ()
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Ghislain Deleplace: University of Paris 8 Vincennes-Saint-Denis

Chapter Chapter 16 in A Reflection on Sraffa’s Revolution in Economic Theory, 2021, pp 499-536 from Palgrave Macmillan

Abstract: Abstract The topic of the chapter is the possibility of a consistency between Sraffa’s price system and Ricardo’s theory of money. Some directions in which such consistency has been looked for are discussed, focusing on a specific one based on my understanding of Ricardo’s theory of money (in Deleplace, Ricardo on Money, A Reappraisal, Abingdon: Routledge, 2017) and on some writings by Sraffa prior to Production of Commodities. As such, the chapter aims at contributing to a quest for a modern Classical standpoint on money, if by “modern Classical” one means faithful to Ricardo—the greatest Classical author on money—and consistent with a Sraffa system of prices.

Keywords: Sraffa; Ricardo; Money; System of prices; Standard of money (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-47206-1_16

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