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Sraffa and the Marshallian tradition

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Author Info
Annalisa Rosselli

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Abstract

The paper retraces some of the stages in Sraffa's thinking about the work of Marshall, by drawing on unpublished material in the Sraffa archive from 1923 to 1930. It argues that Sraffa transformed his dissent  --  which was based on ideological grounds  --  into a 'quest for the fatal error’ to demolish the logical construction of Marshallian theory. Some of his attacks were successful (for example, the critique of the relation between costs and output); other attempts failed (the critique of the 'normal rate of profit’ and the critique of the concept of marginal productivity) since Sraffa could not find enough textual evidence to support his position.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal European Journal of the History of Economic Thought.

Volume (Year): 12 (2005)
Issue (Month): 3 (September)
Pages: 403-423
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Handle: RePEc:taf:eujhet:v:12:y:2005:i:3:p:403-423

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Related research
Keywords: Sraffa; Marshall; Cambridge School; Increasing and decreasing returns; Marginalism;

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References listed on IDEAS
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  1. Arrigo Opocher, 2003. "'Interrelated prices' and Sraffa's critique of partial equilibrium," European Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 10(3), pages 479-496, October. [Downloadable!] (restricted)
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