8 Sraffa’s constructive and interpretive work, and Marx

Christian Gehrke and Heinz D. Kurz

DOI: 10.4324/9781003138709-11

Original paper: Christian Gehrke & Heinz D. Kurz (2018) Sraffa’s Constructive and Interpretive Work, and Marx, Review of Political Economy, 30:3, 428–442, DOI: 10.1080/09538259.2018.1442783. London: Taylor & Francis Group.

8.1 Introduction

The publication of Sraffa’s Production of Commodities by Means of Commodities (1960) has been a landmark in the appraisal of Marx’s contribution to economic theory. Sraffa demonstrated that relative prices and the rate of profits are fully determined in terms of the technical conditions of production and the real wage rate; that is, the objective data underlying the approach of the Classical ...

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