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

Ghislain Deleplace ()
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Ghislain Deleplace: LED - Laboratoire d'Economie Dionysien - UP8 - Université Paris 8 Vincennes-Saint-Denis

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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 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 David; Money; Price system; Standard of money (search for similar items in EconPapers)
Date: 2021
Note: View the original document on HAL open archive server: https://hal.science/hal-04257009
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Published in Sinha Ajit. A Reflection on Sraffa’s Revolution in Economic Theory, Palgrave Macmillan, pp.499-514, 2021, Palgrave Studies in the History of Economic Thought, 978-3-030-47205-4

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