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Piero Sraffa’s Contribution to Political Economy

In: Twelve Contemporary Economists

Author

Listed:
  • Alessandro Roncaglia

Abstract

In 1960, when Piero Sraffa’s main work Production of Commodities by Means of Commodities appeared, one reviewer commented that the book might perhaps have had something new to say at the end of the twenties when Sraffa drew up the outline of his approach, but by the time of its publication it had been superseded by contemporary economic analysis.1 Since then the debate over Capital Theory has proved this opinion profoundly inaccurate. Sraffa’s analysis has been used to criticise some of the central elements of dominant economic thought. In addition a more constructive function has also been attributed to the analysis — that of the scientific rehabilitation of the classical (Ricardian) and Marxian framework.

Suggested Citation

  • Alessandro Roncaglia, 1981. "Piero Sraffa’s Contribution to Political Economy," Palgrave Macmillan Books, in: J. R. Shackleton & Gareth Locksley (ed.), Twelve Contemporary Economists, chapter 13, pages 240-256, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-05498-5_13
    DOI: 10.1007/978-1-349-05498-5_13
    as

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