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Introduction

In: Sraffa and the Reconstruction of Economic Theory: Volume One

Author

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  • Enrico Sergio Levrero

Abstract

It is widely recognised that Sraffa’s Production of Commodities by Means of Commodities (PCMC) is not simply a variant of a class of linear models, nor an incomplete general equilibrium model with stationary prices. Together with Sraffa’s 1951 ‘Introduction’ to Ricardo’s Works, Sraffa (1960) revived the old classical economists’ approach to value and distribution, proving that a correct price theory can spring from within that approach, and illustrating properties of the price system and of the choice of techniques which have resulted in a sharp contrast with the foundations of neoclassical (or marginalist) theory.

Suggested Citation

  • Enrico Sergio Levrero, 2013. "Introduction," Palgrave Macmillan Books, in: Enrico Sergio Levrero & Antonella Palumbo & Antonella Stirati (ed.), Sraffa and the Reconstruction of Economic Theory: Volume One, pages 1-11, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-31683-7_1
    DOI: 10.1057/9781137316837_1
    as

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