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On the importance of institutions and forms of organisation in Piero Sraffa's economics: the case of business cycles, money, and economic policy

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  • Richard Arena

Abstract

This paper is based on an investigation of the Sraffa Archives and tries to characterise Piero Sraffa's approach to business cycles and economic policy. It includes two parts. The first part of the paper shows the importance of economic institutions and social conventions in Sraffa's contribution to economics and their relation with social conflicts. The second part of the paper shows how this importance permits to understand better business cycles and economic policy but also indirectly contributes to a re-interpretation of Sraffa's contribution to economics.

Suggested Citation

  • Richard Arena, 2014. "On the importance of institutions and forms of organisation in Piero Sraffa's economics: the case of business cycles, money, and economic policy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(5), pages 775-800, October.
    • Handle: RePEc:taf:eujhet:v:21:y:2014:i:5:p:775-800
    DOI: 10.1080/09672567.2014.934872
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    References listed on IDEAS

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    1. Bidard,Christian, 2011. "Prices, Reproduction, Scarcity," Cambridge Books, Cambridge University Press, number 9780521180191, June.
    2. Richard Arena & Sheila Dow & Matthias Klaes, 2009. "Open Economics: Economics in relation to other disciplines," Post-Print halshs-00727206, HAL.
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    Cited by:

    1. 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.

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