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Sraffa: Notes on Moralizing, Money, and Economic Prudence

In: Sraffa or An Alternative Economics

Author

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  • Peter Edwards

Abstract

In his published work, Sraffa did not investigate the economic role of specific ethical considerations, the ethical role of economics or the ethical significance of economic prudence. He is reported to have possessed a strong moral sense, yet as with many economists, to also have had a distaste for ‘moralizing’. However, it would be quite wrong to think that Sraffa’s formal, condensed, even at times hermetic style allied him even in his distaste for moralizing with those economists whose distaste arose from quite contrary sources. The issue of what ‘moralizers’ are doing and why they can meet with such hostility will be taken up in Section I. This is followed by a discussion of the ethical significance of economic prudence, that is, of the orientation to the world which it expresses (Section II). Section III examines the exception Sraffa takes to Hayek’s conception of money in his review of Prices & Production; and Section IV concludes on the ethical significance of money.

Suggested Citation

  • Peter Edwards, 2008. "Sraffa: Notes on Moralizing, Money, and Economic Prudence," Palgrave Macmillan Books, in: Guglielmo Chiodi & Leonardo Ditta (ed.), Sraffa or An Alternative Economics, chapter 9, pages 211-226, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37533-8_10
    DOI: 10.1057/9780230375338_10
    as

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