Sraffa and Modern Economics Volume I

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.

Introduction Chapter I: Capital and the Critique of Neoclassical Theories 1. Salvings, Investments and Capital in a System of General Intertemporal Equilibrium P. Garegnani Comment B. Schefold Reply P. Garegnani Comment H. Grant Reply P. Garegnani 2 Determinacy of Equilibria in a Mmodel of Intertemporial Equilibrium with Capital Goods D. Tosato Comment F. Petri Reply D. Tosato Comment on Tosato's Reply to Petri S. Parrinello Reply D. Tosato 3. The Results of the Capital Theory Controversies and General Equilibrium Theory: Some Refelctions on Concepts and History G. Harcourt 4. The Aggregate Neoclassical Theory of Distribution and the Concept of a Green Value of Capital: The Lines of a More General Critique P. Patestio 5. Stability in Classical and Neoclassical Theory F. Serrano Chapter 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 F. VianelloComment P.L. Porta Reply F. Vianello 2. Sraffa and the Interpretation of Ricardo: The Marxian Dimension S. Hollander Comment A. Stirati Reply S. Hollander 3. Interpretations of the Classics: The Theory of Wages A. Stirati 4. Some Notes on Wages and Competition in the Labour Market E.S. Levrero5. Hay, Carrots, Bread and Roses: Subsistence and Net Wages in Sraffa's Papers A. Picchio 6. Price of Wages: A Curious Phrase C. Gehrke7. On Some Materials from the 'Petty Papers' Archive, Relevant to the Beginnings of the Surplus Approach G. Gilibert 8. On Regardo's Standard of Value: A Proposal C. Bidard 9. Rationality in Reproduction Models V. Walsh

Roberto Ciccone, Christian Gehrke, Gary Mongiovi