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Piero Sraffa on Utility and the 'Subjective Method' in the 1920s: A Tentative Appraisal of Sraffa's Unpublished Manuscripts

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  • Signorino, Rodolfo

Abstract

The paper reconstructs Sraffa's assessment of utility-based and individualistic explanations of demand in Marshallian economics in the light of some fresh evidence provided by Sraffa's unpublished manuscripts of the 1920s. It is shown that Sraffa criticised the standard Marshallian explanation of individual consumption choices, emphasised the independent measurement requirement in explanation, lacked enthusiasm for the heuristic potentialities of the "subjective method" in economic theorising and strove for an analysis of the phenomena of interdependence in the sphere of production as well as in the sphere of consumption. Copyright 2001 by Oxford University Press.

Suggested Citation

  • Signorino, Rodolfo, 2001. "Piero Sraffa on Utility and the 'Subjective Method' in the 1920s: A Tentative Appraisal of Sraffa's Unpublished Manuscripts," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(6), pages 749-763, November.
    • Handle: RePEc:oup:cambje:v:25:y:2001:i:6:p:749-63
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