Sraffa’s price equations in light of Garegnani and Pasinetti - The ‘core’ of surplus theories and the ‘natural’ relations of an economic system

Enrico Bellino

MPRA Paper from University Library of Munich, Germany

Abstract: Within the rich literature that has flowed from Sraffa’s framework of Production of Commodities by means of Commodities a prominent position is occupied by the research programmes carried out independently by two authoritative exponents of this school: Pierangelo Garegnani and Luigi Pasinetti. Certain specific features of their approaches might lead one to perceive them as alternative to one another. Yet, when analysed through a constructive perspective, one discovers not only a common origin and methodology, but also strict complementarity in analysing the main characteristics of industrial systems.

Keywords: surplus approach; ‘core’ of a capitalist system; structural economic dynamics; ‘natural system’; Garegnani; Pasinetti; Sraffa; Keynes; post-Keynesians (search for similar items in EconPapers)
JEL-codes: B12 B24 B51 D33 E11 E12 E2 (search for similar items in EconPapers)
Date: 2014-12-18
New Economics Papers: this item is included in nep-hme, nep-hpe, nep-mac and nep-pke
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