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Sraffa and the Marshallian tradition

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  • Annalisa Rosselli

Abstract

The paper retraces some of the stages in Sraffa's thinking about the work of Marshall, by drawing on unpublished material in the Sraffa archive from 1923 to 1930. It argues that Sraffa transformed his dissent - which was based on ideological grounds - into a 'quest for the fatal error' to demolish the logical construction of Marshallian theory. Some of his attacks were successful (for example, the critique of the relation between costs and output); other attempts failed (the critique of the 'normal rate of profit' and the critique of the concept of marginal productivity) since Sraffa could not find enough textual evidence to support his position.

Suggested Citation

  • Annalisa Rosselli, 2005. "Sraffa and the Marshallian tradition," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 12(3), pages 403-423.
    • Handle: RePEc:taf:eujhet:v:12:y:2005:i:3:p:403-423
    DOI: 10.1080/09672560500239976
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    References listed on IDEAS

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    1. Mongiovi, Gary, 1996. "Sraffa's Critique of Marshall: A Reassessment," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 20(2), pages 207-224, March.
    2. Arrigo Opocher, 2003. "'Interrelated prices' and Sraffa's critique of partial equilibrium," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 10(3), pages 479-496.
    3. Lord Robbins, 1971. "Autobiography of an Economist," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01164-3.
    4. Rodolfo Signorino, 2000. "Method and analysis in Piero Sraffa's 1925 critique of Marshallian economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(4), pages 569-594.
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    Cited by:

    1. Antonella Stirati, 2013. "Sraffa's 1930 manuscripts on the representative firm and Marshall's theory of value and business profit," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(3), pages 439-465, June.
    2. Nuno Ornelas Martins, 2012. "Mathematics, Science and the Cambridge Tradition," Economic Thought, World Economics Association, vol. 1(2), pages 1-2, December.
    3. Richard Arena, 2019. "Is still to-day the Study of the "Surplus Product" the True Object of Economics?," GREDEG Working Papers 2019-32, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    4. Attilio Trezzini, 2018. "Piero Sraffa’s Use of the History of Economic Thought in the Cambridge Lectures," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 4(1), pages 189-209, March.
    5. Rosselli, Annalisa & Trabucchi, Paolo, 2019. "Sraffa, the ‘marginal’ method and change," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 334-340.

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