Piero Sraffa and the Future of Economics. A Personal Evaluation

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Abstract

What conception of economic theory did Piero Sraffa have when, at the initiative of Keynes, he arrived at Cambridge in the second half of the 1920s and – with his surprisingly original initial contributions (1925 and 1926) – immediately upset the established views on political economy, dominated at that time by the leadership of Alfred Marshall’s writings? Even more importantly for us at present, what were his conceptions of the relevant direction of the evolution of economics, when 40 years later he decided to publish his famously concise, but disconcerting, book Production of Commodities by Means of Commodities (1960)? Can we infer, from his masterpiece and from his other writings, his final convictions on the relevant direction for the future of economic theory? The present paper aims at considering these questions.
Lingua originaleEnglish
Titolo della pubblicazione ospiteSraffa and the Reconstruction of Economic Theory: Volume III: Sraffa's Legacy: Interpretations and Historical Perspectives
Pagine153-173
Numero di pagine21
Stato di pubblicazionePubblicato - 2013
EventoSraffa's Production of Commodities by Means of Commodities 1960-2010 - Roma
Durata: 2 dic 20104 dic 2010

Convegno

ConvegnoSraffa's Production of Commodities by Means of Commodities 1960-2010
CittàRoma
Periodo2/12/104/12/10

Keywords

  • Critique of neo-classical economics
  • Future economic theory perspectives
  • Sraffa
  • Value

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