1st Edition

Sraffa and Modern Economics, Volume II

    384 Pages 16 B/W Illustrations
    by Routledge

    398 Pages 16 B/W Illustrations
    by Routledge

    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.

    Chapter III: Technical Change, Variable Returns and Normal Prices in the Classical Framework 1. Produced Quantities and Returns in sraffa's Theory of Normal Prices: Textual Evidence and Analytical Issues P. Ravagnani 2. Prices and Quantities: Possible Solutions within a Post-Classical Research Program F. D'Orlando 3. On Some Aspects of the Debate on the Gravitation of Market Prices to Long Period Prices F. Petri 4. Gravitation of Market Prices towards Natural Prices E. Belhino 5. Capacity Utilization, Mobility of Capital and the Classical Process of Gravitation R. Ciccone Chapter IV: Output and Distribution in the Long Run: A Classical Keynesian Perspective 1. Price or Quantities? The Common Link in the Methodds of Sraffa, Keynes and Kalecki A. Bhaduri 2. Notes on Sraffa and Keynes H. Bortis 3. The Capacity to Generate Investment: An Analysis of the Long-Term Determinants in Investment G. Bonfati 4. Steady State and the Analysis of Long-Run Tendencies: the Case of Neo-Kaleckian Models A. Trezzini 5. The Principle of Effective Demand according to Pasinetti B. Jossa 6. Monetary Influences on Distribution: A Comparison between Two Post-Keynesian Theories C. Fanico 7. The Quantity Equation and the Classical Theory of Production and Distribution E.J. Nell Chapter V: Applied and Policy Themes in the Reppraisal of Classical Economics 1. A Note about Effective Demand and Globalisation P. Leon 2. The Consequences of Sraffa for Economic and Social Policy Issues S. Cesaration 3. The Neoncardian Theory of Economic Integration G. Montara 4. On the Theory of the Balance-of-Payments-Constrained Growth A. Palumbo 5. On Facts and Theory: Some Reflections Prompted by the EMU Experience M. Privetti 6. Disinflation in Industrialized Countries, Foreign Debt Cycles and the Costs of Stability A. Ginzburg - A. Simonazzi 7. Capital Accumulation and Income Distribution in the US Economic Expansion of the Nineties V. Maffeo Chapter VI: Historical Issues in Sraffa's Writings 1. The Standard Commodity and Monetary Theory in the First Half of the Twentieth Century G. Fodor 2. Three Notes on Piero Sraffa's Early Economic Writings: 1920-1926 M. Naldi 3. New Material from Cambridge's Archive R. Bellofiore and J.P. Potter


    Roberto Ciconne is Professor of Economics at Roma Tre University, Italy

    Christian Gehrke is an Associate Professor of Economics a tthe University of Graz, Austria

    Gary Mongiovi is an Associate Professor of Economics and Finance at St John's University, USA