Abstract
Sraffa’s 1960 book The Production of Commodities by Means of Commodities has spawned an extensive literature but still needs to relate itself to the vast post-1945 finite mathematics literature of von Neumann, Dantzig, Kuhn-Tucker-Gail and Bellman. The Sraffa-Leontief circulating capital model provides by itself a prism with which to diffract the paradigms of Marx, Ricardo, and various brands of neoclassicism. It can serve to help judge Ricardo’s editor and to illuminate the unity in Sraffa’s scientific vision, from before 1926 until death in 1983.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Bishop, R. 1985. Competitive value when only labor is scarce. Quarterly Journal of Economics 100: 1257–1292.
Garegnani, P. 1970. Heterogeneous capital, the production function and the theory of distribution. Review of Economic Studies 37: 407–436.
Garegnani, P. 1984. Value and distribution in the classical economists and Marx. Oxford Economic Papers 36(2): 291–325.
Manara, C.F. 1979. Sraffa’s model for the joint production of commodities by means of commodities. In Essays on the theory of joint production, ed. L.L. Pasinetti. New York: Columbia University Press.
Marx, K. 1867, 1885, 1894. Capital, vols. I, II, III. English translations in C.H. Kerr, ed., Chicago: Chicago University Press, or other editions.
Metcalfe, J.S., and I. Steedman. 1972. Reswitching and primary input use. Economic Journal 82: 140–157.
Miyao, T. 1977. A generalization of Sraffa’s standard commodity and its complete characterization. International Economic Review 18: 151–162.
Pasinetti, L.L. 1977. Lectures on the theory of production. New York: Columbia University Press.
Robinson, J. 1956. The accumulation of capital. London: Macmillan.
Samuelson, P.A. 1975a. Marx as mathematical economist: Steady-state and exponential growth equilibrium. In Trade, stability, and macroeconomic, essays in honor of Lloyd A. Metzler, ed. G. Horwich and P. Samuelson, 269–307. New York: Academic Press. Also ch. 225 in The collected scientific papers of Paul A. Samuelson, vol. III, Cambridge, MA: MIT Press, 1972.
Samuelson, P.A. 1975b. Trade pattern reversals in time-phased Ricardian systems and intertemporal efficiency. Journal of International Economics 5, 309–363. Also ch. 251 in The collected scientific papers of Paul A. Samuelson, vol. IV, Cambridge, MA: MIT Press, 1977.
Samuelson, P.A. 1983. Thünen at two hundred. Journal of Economic Literature 21: 1468–1488.
Schefold, B. 1971. Theorie der Kuppelproduktion (Mr. Sraffa on Joint Production). Privately printed, Basel.
Seton, F. 1957. The transformation problem. Review of Economic Studies 25: 149–160.
Sraffa, P. 1926. The laws of returns under competitive conditions. Economic Journal 36: 535–550.
Sraffa, P. (ed.). 1951–73. The works and correspondence of David Ricardo. Cambridge: Cambridge University Press, for the Royal Economic Society; with editorial collaboration by M.H. Dobb.
Sraffa, P. 1960. Production of commodities by means of commodities: Prelude to a critique of economic theory. Cambridge: Cambridge University Press.
Steedman, I. 1977. Marx after Sraffa. London: New Left Books. Reprinted, London: Verso, 1981.
Steedman, I. 1982. Marx on Ricardo. In Classical and Marxian political economy: Essays in honour of Ronald L. Meek, ed. I. Bradley and M. Howard. London: Macmillan.
Stigler, G.J. 1958. Ricardo and the 93% labor theory of value. American Economic Review 48: 357–367.
von Bortkiewicz, L. 1907. On the correction of Marx’s fundamental theoretical construction in the third volume of Capital. Trans. in Karl Marx and the close of his system, ed. P.M. Sweezy, New York: August M. Kelley, 1949.
von Neumann, J. 1945. A model of general economic equilibrium. Review of Economic Studies 13, 1–9. Trans. of an article in Ergebnisse eines mathematischen Kolloquiums, vol. 8, ed. K. Menger, Leipzig, 1937.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Samuelson, P.A. (2018). Sraffian Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1667
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1667
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences