IDEAS home Printed from https://ideas.repec.org/a/taf/revpoe/v17y2005i3p359-380.html
   My bibliography  Save this article

Piero Sraffa's lectures on the advanced theory of value 1928-31 and the rediscovery of the classical approach

Author

Listed:
  • Rodolfo Signorino

Abstract

Sraffa's Lectures on the Advanced Theory of Value 1928-1931 and his two preparatory Notes of summer and November 1927 provide a wealth of material, up to now unpublished, for a reconstruction of the early stage of his inquiry into the cognate fields of pure economic theory and its history. The three manuscripts show that in the late 1920s Sraffa rejected the Marshallian constant-cost interpretation of classical economics, an interpretation to which he had adhered in his 1925 and 1926 papers. Moreover, in the Lectures, Sraffa presents for the first time his own interpretation of classical economics based on the concepts of surplus, physical real costs and asymmetric treatment of distributive variables.

Suggested Citation

  • Rodolfo Signorino, 2005. "Piero Sraffa's lectures on the advanced theory of value 1928-31 and the rediscovery of the classical approach," Review of Political Economy, Taylor & Francis Journals, vol. 17(3), pages 359-380.
    • Handle: RePEc:taf:revpoe:v:17:y:2005:i:3:p:359-380
    DOI: 10.1080/09538250500147080
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/09538250500147080
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09538250500147080?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Heinz D. Kurz & Neri Salvadori (ed.), 1998. "The Elgar Companion to Classical Economics," Books, Edward Elgar Publishing, volume 0, number 851.
    2. Heinz Kurz, 1998. "Against the current: Sraffa's unpublished manuscripts and the history of economic thought," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 5(3), pages 437-451.
    3. Rodolfo Signorino, 2001. "An appraisal of Piero Sraffa's 'The Laws of Returns under Competitive Conditions'," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 8(2), pages 230-250.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Signorino, Rodolfo, 2011. "David Ricardo on natural and market prices," MPRA Paper 39212, University Library of Munich, Germany.
    2. Michel Bellet & Adrien Lutz, 2018. "Piero Sraffa and the project to publish Saint-Simon’s works," Working Papers 1840, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    3. Attilio Trezzini, 2018. "Piero Sraffa’s Use of the History of Economic Thought in the Cambridge Lectures," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 4(1), pages 189-209, March.
    4. Saverio M Fratini, 2018. "Sraffa on the degeneration of the notion of cost [The ultimate standard of value]," Cambridge Journal of Economics, Oxford University Press, vol. 42(3), pages 817-836.
    5. Fratini, Saverio M., 2019. "Theories of value and ultimate standards in Sraffa's notes of summer 1927," MPRA Paper 91728, University Library of Munich, Germany.
    6. Michel Bellet & Adrien Lutz, 2018. "Piero Sraffa and the project to publish Saint-Simon's works," Working Papers halshs-01973864, HAL.
    7. Rog?rio Arthmar & Taro Hisamatsu, 2021. "Robert Torrens on Say?s Law and the General Glut," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 10(1), pages 83-105.
    8. Trezzini, Attilio, 2019. "Sraffa on Marshall's Theory of Value in the Cambridge Lectures: Achievements in an Unfinished Criticism," Centro Sraffa Working Papers CSWP34, Centro di Ricerche e Documentazione "Piero Sraffa".
    9. Rogério Arthmar & Michael McLure, 2019. "Sraffa, Myrdal, and the 1961 Söderström Gold Medal," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(2), pages 843-853, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Heinz D. Kurz & Neri Salvadori, 2011. "In Favor of Rigor and Relevance: A Reply to Mark Blaug," History of Political Economy, Duke University Press, vol. 43(3), pages 607-616, Fall.
    2. Pierangelo Garegnani, 2007. "Samuelson's misses: A rejoinder," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 14(3), pages 573-585.
    3. Boundi-Chraki, Fahd & Perrotini-Hernández, Ignacio, 2021. "Absolute cost advantage and sectoral competitiveness: Empirical evidence from NAFTA and the European Union," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 162-173.
    4. Antonella Stirati, 2013. "Sraffa's 1930 manuscripts on the representative firm and Marshall's theory of value and business profit," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(3), pages 439-465, June.
    5. Giovanni Scarano, 2013. "Capital accumulation and technical conditions along sustainable growth paths," Departmental Working Papers of Economics - University 'Roma Tre' 0182, Department of Economics - University Roma Tre.
    6. Jérôme Lallement & Amanar Akhabbar, 2011. "Appliquer la théorie économique de l'équilibre général : de Walras à Leontief," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00609684, HAL.
    7. Fratini, Saverio Maria & Ravagnani, Fabio, 2023. "Sraffa and the ‘slogans not used’," MPRA Paper 117815, University Library of Munich, Germany.
    8. Rodolfo Signorino, 2001. "An appraisal of Piero Sraffa's 'The Laws of Returns under Competitive Conditions'," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 8(2), pages 230-250.
    9. Signorino, Rodolfo, 2011. "David Ricardo on natural and market prices," MPRA Paper 39212, University Library of Munich, Germany.
    10. Maxime Desmarais-Tremblay, 2014. "On the Definition of Public Goods. Assessing Richard A. Musgrave's contribution," Documents de travail du Centre d'Economie de la Sorbonne 14004, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    11. Christian Gehrke, 2000. "Tozer on machinery," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(4), pages 485-506.
    12. Witt, Ulrich, 2005. "'Production' in nature and production in the economy--second thoughts about some basic economic concepts," Structural Change and Economic Dynamics, Elsevier, vol. 16(2), pages 165-179, June.
    13. Ciccone, Michele, 2022. "Some notes on Ricardo's analysis of the convergence process of the market rate of interest to the natural rate," MPRA Paper 112887, University Library of Munich, Germany.
    14. Michel Bellet & Adrien Lutz, 2018. "Piero Sraffa and the project to publish Saint-Simon’s works," Working Papers 1840, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    15. Giovanni Scarano, 2013. "Quantity theory, say's law and effective demand in money theories," Departmental Working Papers of Economics - University 'Roma Tre' 0181, Department of Economics - University Roma Tre.
    16. Tommaso Ciarli & Andre' Lorentz & Maria Savona & Marco Valente, 2012. "The role of technology, organisation, and demand in growth and income distribution," LEM Papers Series 2012/06, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    17. Kenji Mori, 2010. "Charasoff and Dmitriev: An Analytical Characterisation of Origins of Linear Economics," TERG Discussion Papers 249, Graduate School of Economics and Management, Tohoku University.
    18. Neri Salvadori & Rodolfo Signorino, 2014. "Adam Smith on Monopoly Theory. Making good a lacuna," Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(2), pages 178-195, May.
    19. Ginzburg, Andrea & Simonazzi, Annamaria, 2005. "Patterns of industrialization and the flying geese model: the case of electronics in East Asia," Journal of Asian Economics, Elsevier, vol. 15(6), pages 1051-1078, January.
    20. Alejandro Rodríguez Arana, 2015. "The share of wages in national income and its effects in the short and long run economic activity and growth," Working Papers 0215, Universidad Iberoamericana, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:revpoe:v:17:y:2005:i:3:p:359-380. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CRPE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.