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L'influenza di Sraffa sull'evoluzione della teoria di Hayek

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  • Carlo Zappia

Abstract

The paper deals with the effect of Piero Sraffa's review of "Prices and Production" on the evolution of Hayek's theory. It is contended that, though Hayek never referred to Sraffa's review in his reformulation of the theory of trade cycle and capital in the 1930s, an important shift in emphasis concerning Hayek's assessment of non-monetary causes of the business cycle must be related to Hayek's reply to a specific question raised by Sraffa. In particular, it is argued that Hayek's first mention that the model of a real economy on which his trade cycle theory is based is not satisfying, a theme which pervades almost the whole of Hayek's work until "The Pure Theory of Capital", is to be found in his reply to Sraffa's argument that investment may be abortive with or without money.

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  • Carlo Zappia, 1999. "L'influenza di Sraffa sull'evoluzione della teoria di Hayek," Rivista italiana degli economisti, Società editrice il Mulino, issue 3, pages 303-334.
    • Handle: RePEc:mul:jqat1f:doi:10.1427/3660:y:1999:i:3:p:303-334
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    Cited by:

    1. Ferlito, Carmelo, 2015. "Ludwig M. Lachmann contro la Scuola di Cambridge [Ludwig M. Lachmann against the Cambridge School]," MPRA Paper 67759, University Library of Munich, Germany.
    2. Ferlito, Carmelo, 2014. "Ludwig M. Lachmann Against the Cambridge School. Macroeconomics, Microfoundations, Expectations, Rate of Profit, Equilibrium and Innovations," MPRA Paper 67709, University Library of Munich, Germany, revised 22 Jan 2015.

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