Critical Essays on Piero Sraffa's Legacy in Economics

Klappentext
Critical assessment of Sraffa??'s published works and their legacy for the economics profession.

Zusammenfassung
A critical assessment of the published works of Piero Sraffa. Topics covered explore Sraffa's interpretation of the classical economists; his theory of value and distribution; his critique of partial and general neoclassical equilibrium theory; the problem of capital; and his critique of Hayek's monetary overinvestment theory of the business cycle.

Inhalt
Part I. Introduction: 1. Piero Sraffa's contributions to economics: a brief survey Heinz D. Kurz; 2. Revisionist findings on Sraffa Paul A. Samuelson; 2a. Comment by John Eatwell; 2b. Comment by Pierangelo Garegnani; 2c. Comment by Bertram Schefold; 2d. Reply by Paul A. Samuelson; Part II. Returns to Scale, Demand, Money and Interest and the Classical Tradition: 3. Sraffa's hits and misses Paul A. Samuelson; 3a. Comment by Heinz D. Kurz and Neri Salvadori; 3b. Reply by Paul A. Samuelson; 4. Sraffa on demand: a textual analysis Neri Salvadori; 5. Malthus and the corn-profit model Samuel Hollander; 5a. Comment by Pierangelo Garegnani; 5b. A rejoinder by Samuel Hollander; 6. The Hayek-Keynes-Sraffa controversy reconsidered Heinz D. Kurz; 7. The capital theory controversy Edwin Burmeister; 8. Wicksell and Douglas on distribution and marginal productivity theory Christian Bidard; 9. On the probability of reswitching and capital reversing in a two-sector Sraffian model Lynn Mainwaring and Ian Steedman; 9a. Comment by Neri Salvadori; 9b. Comment by Christian Bidard and Lucette Carter; Part IV. Intertemporal Equilibrium Theory and the Problem of Capital: 10. Paradoxes of capital and counterintuitive changes of distribution in an intertemporal equilibrium model Bertram Schefold; 11. Savings, investment, and capital in a system of general intertemporal equilibrium Pierangelo Garegnani.

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