The papers collected in this book, first published in 1990, represent the edited proceedings of a conference held to celebrate the 25th anniversary of the publication of Piero Sraffa’s Production of Commodities by Means of Commodities. In arranging the conference, and subsequently during the editing of the papers, great care has been taken to invite scholars of different schools of thought to contribute. The result of this collection of ideas has resulted in a most promising critique and provides an extensive alternative to modern Neo-Classical theory, of interest to all students of economic thought.
Table of Contents
Preface; Part One; 1. Sraffa’s Critique of the Marshallian Theories of Prices Paolo Sylos Labini Comments Peter Groenewegen and Fausto Vicarelli Reply 2. Reflections on Marx and Sraffa Suzanne de Brunhoff Comments Ian Steedman and Giancarlo de Vivo Reply 3. Sraffa’s Return to Classical Theory Krishna Bharadwaj Comments Richard Arena, Athanasios Asimakopulos and Harvey Gram Reply 4. Ricardo and Sraffa John R. Hicks Comments Christian Bidard and Fernando Vianello 5. Sraffa: Classical versus Marginalist Analysis Pierangelo Garegnani Comments Geoffrey Harcourt and Alessandro Roncaglia Reply 6. The Sraffa Model, Constant Returns to Scale and Empirical Implications Larry Levine Comment Fabio Petri 7. On Changes in the Composition of Output Bertram Schefold Comments Edwin Burmeister, Neri Salvadori and Stefano Zamagni Reply 8. Sraffa’s Circular Process and the Concept of Vertical Integration Luigi L. Pasinetti Comments Donald J. Harris and Stephen A. Marglin Reply; Part Two; 9. Revisionist Findings on Sraffa Paul A. Samuelson Comments John Eatwell, Pierangelo Garegnami and Bertram Schefold Reply 10. Keynes and Sraffa: Visions and Perspectives Athanasios Asimakopulos Comments Pierangelo Garegnani and Edward Nell Reply 11. Sraffa and Keynes: Effective Demand in the Long Run Hyman P. Minsky Reply; Part Three; 12. Sraffa: Measurement and Aggregation Josef Steindl Comment Heinz D. Kurz Reply 13. Accumulation, Distribution and the ‘Keynesian Hypothesis’ Heinz D. Kurz Comments Roberto Ciccone and Josef Steindl 14. Accumulation and Capacity Utilization: Some Critical Considerations on Joan Robinson’s Theory of Distribution Roberto Ciccone Comment Josef Steindl Reply 15. On the Monetary Explanation of Distribution Massimo Pivetti Comments Roberto Ciccone and Josef Steindl Comment Luigi L. Pasinetti Reply 16. Some Remarks on the Relevance of Sraffa’s Analysis for Economic Policy Alessandro Roncaglia 17. Trade, Growth and the Pattern of Specialization Jaime Ros 18. The IMF View of International Economic Policy and the Relevance of Sraffa’s Critique of Economic Theory Amiya K. Bagchi 19. Clearing the Path for ‘Production of Commodities by Means of Commodities’: Notes on the Collaboration of Maurice Dobb in Piero Sraffa’s Edition of the ‘Works and Correspondence of David Ricardo’ Brian H. Politt; Bibliography; Index