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

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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 developed independently by two authoritative exponents of this school: Pierangelo Garegnani and Luigi Pasinetti. Certain specific features of their approaches might lead one to see them as alternatives to one another. Yet, when analysed from a constructive perspective, one discovers not only a common origin and methodology, but also strict complementarity in their analysis of the main characteristics of industrial systems.
Original languageEnglish
Pages (from-to)15-44
Number of pages30
JournalCAHIERS D'ÉCONOMIE POLITIQUE
Publication statusPublished - 2015

Keywords

  • Garegnani
  • Keynes
  • Pasinetti
  • Sraffa
  • approche par le surplus
  • dynamique économique structurelle
  • post-Keynesians
  • post-Keynesiens
  • structural economic dynamics
  • surplus approach
  • ‘core’ of a capitalist system
  • ‘natural system’
  • “coeur” d’un système capitaliste
  • “système naturel”

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