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Sraffa and Modern Economics, Volume I

Book Description

Analyzing Sraffa, one of the key figures in the history of economics, this book explores his legacy and the relevance of his thought for modern economics. Written by an array of internationally respected contributors, including Schefold, Aspromourgos, Nell and Kurz it is an invaluable tool for all those studying the history of economic thought.

Table of Contents

  1. Cover
  2. Half Title
  3. Routledge Studies in the History of Economics
  4. Full Title
  5. Copyright
  6. Contents
  7. Introduction
  8. PART I Capital and the critique of neoclassical theories
    1. Savings, investment and capital in a system of general intertemporal equilibrium
      1. Comment on Garegnani
      2. Reply to Schefold
      3. Comment on Garegnani
      4. Reply to Gram
    2. Determinacy of equilibria in a model of intertemporal equilibrium with capital goods
      1. Comment on Tosato
      2. Reply to Petri
      3. The stability of general intertemporal equilibrium: a comment on Tosato's reply to Petri
      4. The stability of general intertemporal equilibrium: a reply to Parrinello
    3. The results of the capital theory controversies and general equilibrium theory: some reflections on concepts and history
    4. The aggregate neoclassical theory of distribution and the concept of a given value of capital: the lines of a more general critique
    5. Stability in classical and neoclassical theories
  9. PART II After Sraffa's interpretation of Ricardo: historical and analytical issues in the classical approach to value and distribution
    1. The Smithian origin of Ricardo's corn ratio theory of profits: a suggested interpretation
      1. Comment on Vianello
      2. Reply to Porta
    2. Sraffa and the interpretation of Ricardo: the Marxian dimension
      1. Comment on Hollander
      2. Reply to Stirati
    3. Interpretations of the classics: the theory of wages
    4. Some notes on wages and competition in the labour market
    5. Hay, carrots, bread and roses: subsistence and surplus wages in Sraffa's papers
    6. ‘Price of wages’: a curious phrase
    7. On some materials from the ‘Petty Papers’ archive, relevant to the beginnings of the surplus approach
    8. The standard commodity: an inevitable measure of value
    9. Ricardo's standard of value: a new proposal
    10. Rationality in reproduction models
  10. Appendix 1: Mathematical note to Garegnani, pp. 13–74
  11. Index