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Sraffa's mathematical economics: a constructive interpretation

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  • K. Vela Velupillai

Abstract

The claim in this paper is that Sraffa employed a rigorous logic of mathematical reasoning in his book, Production of Commodities by Means of Commodities (PCC), in such a way that the existence proofs were constructive. This is the kind of mathematics that was prevalent at the beginning of the nineteenth century, which was dominated by the concrete, the constructive and the algorithmic. It is, therefore, completely consistent with the economics of the nineteenth century, which was the fulcrum around which the economics of PCC was conceived.

Suggested Citation

  • K. Vela Velupillai, 2008. "Sraffa's mathematical economics: a constructive interpretation," Journal of Economic Methodology, Taylor & Francis Journals, vol. 15(4), pages 325-342.
    • Handle: RePEc:taf:jecmet:v:15:y:2008:i:4:p:325-342
    DOI: 10.1080/13501780802112858
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    Citations

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    Cited by:

    1. Abigail N. Devereaux & Richard E. Wagner, 2020. "Contrasting Visions for Macroeconomic Theory: DSGE and OEE," The American Economist, Sage Publications, vol. 65(1), pages 28-50, March.
    2. Birolo, Adriano, 2010. "The path of a scholar," MPRA Paper 30734, University Library of Munich, Germany.
    3. K. Vela Velupillai, 2012. "Taming The Incomputable, Reconstructing The Nonconstructive And Deciding The Undecidable In Mathematical Economics," New Mathematics and Natural Computation (NMNC), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 5-51.

    More about this item

    Keywords

    existence proofs; constructive mathematics; algorithmic mathematics; mathematical economics; mathematical methodology; B23; B24; B31; B41; B51;
    All these keywords.

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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