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Sraffa and Keynes: Two Ways of Making a ‘Revolution’ in Economic Theory

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

Author

Listed:
  • Guglielmo Chiodi
  • Leonardo Ditta

Abstract

This chapter aims to show how a true ‘revolution’ in economic theory during the last century can be attributed jointly to Sraffa and Keynes. Despite following different research paths, both went deeply into the foundations of established economic theory, to the point of subverting, within their own framework, traditional ways of thinking about and representing the functioning of an economic system. We will also reflect on the persistence, despite Keynes’s and Sraffa’s corrosive critiques, of the very uncomfortable state of contemporary economic theory.

Suggested Citation

  • Guglielmo Chiodi & Leonardo Ditta, 2013. "Sraffa and Keynes: Two Ways of Making a ‘Revolution’ in Economic Theory," Palgrave Macmillan Books, in: Enrico Sergio Levrero & Antonella Palumbo & Antonella Stirati (ed.), Sraffa and the Reconstruction of Economic Theory: Volume One, chapter 10, pages 218-240, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-31683-7_11
    DOI: 10.1057/9781137316837_11
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    Cited by:

    1. Guglielmo Chiodi, 2018. "Sraffa’s Silenced Revival of the Classical Economists and of Marx," Working Papers 4/18, Sapienza University of Rome, DISS.

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