Misunderstanding Classical Economics - The Sraffian Interpretation of the Surplus Approach
AbstractIn the last decade or so, disciples of Piero Sraffa have propagated a particular interpretation of classical economics, according to which the classical economists focussed on the 'core' of their analysis on the determination of relative prices in long-run equilibrium, taking as given the volume of output, its commodity composition, the technology of every industry, and real wages; everything else in classical economics is said to belong to the periphery and follows from the analysis at the core.
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Bibliographic InfoPaper provided by Exeter University, Department of Economics in its series Discussion Papers with number 9802.
Length: 35 pages
Date of creation: 1998
Date of revision:
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ECONOMIC EQUILIBRIUM ; MACROECONOMICS;
Other versions of this item:
- Mark Blaug, 1999. "Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach," History of Political Economy, Duke University Press, vol. 31(2), pages 213-236, Summer.
- B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
- B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
- B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
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- Kurz, Heinz D. & Salvadori, Neri, 2010.
"In Favor of Rigor and Relevance. A Reply to Mark Blaug,"
20530, University Library of Munich, Germany.
- 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.
- Howard Petith, 2001. "A Descriptive and Analytic Look at Marxs Own Explanations for the Falling Rate of Profit," UFAE and IAE Working Papers 486.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Howard Petith, 2001. "A Descriptive and Analytic Look at Marxs Own Explanations for the Falling Rate of Profit (Long Version," UFAE and IAE Working Papers 485.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Mark Blaug, 2001. "No History of Ideas, Please, We're Economists," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 145-164, Winter.
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