On Sraffa, post-Keynesian theories of pricing and capitalist competition: Some observations
The paper explores the implications of the 1920s 'cost controversy' for heterodox economic theory (here limited to post-Keynesian and Sraffian analysis). It argues that neither neoclassical nor heterodox theories have found viable solutions to the basic dilemma posed by the 'cost controversy', namely how to reconcile a general theory of price with that of growth and accumulation. The a priori commitment of neoclassical theory to a symmetric theory of exchange and production means that the impasses met by Walrasian general equilibrium theory and by the New Endogenous Growth Theory cannot be resolved, while also preserving explanatory power. For the case of post-Keynesian and Sraffian theory, it is suggested that, while a claim to "a general theory of everything" is also unsustainable, a reconsideration of the methodological roots of Sraffaâ€™s own analysis and of core aspects of classical theories of competition, might open an avenue to providing an empirically relevant heterodox theory of contemporary corporate capitalism.
Volume (Year): 8 (2011)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.elgaronline.com/ejeep|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Anonymous, 0. "1992 Winter," CWAE Newsletter, Agricultural and Applied Economics Association, Committee on Women in Agricultural Economics (CWAE).
- anonymous, 2009. "Which came first—democracy or growth?," Inside the Vault, Federal Reserve Bank of St. Louis, issue Spring.
- Corsi, Marcella & Guarini, Giulio, 2009. "Growth and institutions in Paolo Sylos Labini's thought," MPRA Paper 19431, University Library of Munich, Germany.
- Anonymous, 0. "1992 Spring," CWAE Newsletter, Agricultural and Applied Economics Association, Committee on Women in Agricultural Economics (CWAE).
- Fine, Ben, 2000. "Endogenous Growth Theory: A Critical Assessment," Cambridge Journal of Economics, Oxford University Press, vol. 24(2), pages 245-265, March.
- -, 2009. "Economic growth in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38668, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- Anonymous, 0. "992 Spring, Volume 6, Number ," COSBAE Newsletter, Agricultural and Applied Economics Association, Committee on the Opportunities and Status of Blacks in Agricultural Economics (COSBAE).
When requesting a correction, please mention this item's handle: RePEc:elg:ejeepi:v:8:y:2011:i:1:p183-200. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Craven)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.