Sraffa and the Reconstruction of Economic Theory: Volume Three : Sraffa's Legacy: Interpretations and Historical Perspectives

This book accounts for the work done around the two central aspects of Piero Sraffa's contribution to economic analysis, namely the criticism of the neoclassical theory of value and distribution and the construction of economic theory along the lines of the Classical approach. Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in Sraffa and the Reconstruction of Economic Theory account for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or marginalist) theory of value and distribution, and the reconstruction of economic theory along the lines of the classical approach. Divided into three volumes, Sraffa and the Reconstruction of Economic Theory debates the most fruitful routes for advancements in this field and their implications for applied and policy analysis. This third volume collects papers concerning the evolution of Sraffa's ideas and the interpretation of his contribution in relation to other streams in economics, methodology and the history of economic thought Front Matter....Pages i-xii Introduction....Pages 1-11 Front Matter....Pages 13-13 Sraffa’s System in Relation to Some Main Currents in Unorthodox Economics....Pages 15-33 Sraffians, other Post-Keynesians, and the Controversy over Centres of Gravitation....Pages 34-54 Piero Sraffa and Shackle’s Years of High Theory: Sraffa’s Significance in the History of Economic Theories....Pages 55-83 Sraffa’s and Wittgenstein’s Reciprocal Influences: Forms of Life and Snapshots....Pages 84-105 Sraffa, Sen and Non-Causal Representations in Social Analysis....Pages 106-128 Disequilibrium and Reproduction Prices: Some Extensions of Sraffa’s Model....Pages 129-149 Front Matter....Pages 151-151 Piero Sraffa and the Future of Economics: A Personal Evaluation....Pages 153-173 Sraffa’s Lectures on Continental Banking....Pages 174-188 The Construction of Long-Run Market Supply Curves: Some Notes on Sraffa’s Critique of Partial Equilibrium Analysis....Pages 189-216 A Pictorial Approach to the Standard Commodity with a Digression....Pages 217-227 On Sraffa’s ‘Corrected’ Organic Composition of Capital*....Pages 228-257 Front Matter....Pages 259-280259 Rent, as Share of Produce, Not Governed by Proportions....Pages 261-280 Ricardo’s Writings in Russia: Influence and Interpretations....Pages 281-300 Back Matter....Pages 301-322