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Sraffa on non-self-replacing systems: a note

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  • Ravagnani, Fabio

Abstract

In two passages of Production of Commodities, Sraffa states very concisely that the analysis presented also applies to viable economic systems in which the means of production consumed are not fully replaced. This aspect of the book has been nearly ignored for a long time, and only in the last two decades have some scholars begun to discuss it in depth. Since these scholars basically rely on the terse references to non-self-replacing systems appearing in Sraffa’s published works, however, a question is left pending in their contributions—what exactly was Sraffa’s position as regards the nature and relevance of those systems? The present note seeks to shed light on this question by systematically examining the pertinent passages of Sraffa’s unpublished manuscripts. On the basis of this examination, the final section briefly comments on some debatable aspects of current renditions of Sraffa’s theory.

Suggested Citation

  • Ravagnani, Fabio, 2018. "Sraffa on non-self-replacing systems: a note," MPRA Paper 90259, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:90259
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    References listed on IDEAS

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    1. Enrico Bellino, 2018. "Viability, reproducibility and returns in production price systems," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(3), pages 845-861, December.
    2. Enrico Sergio Levrero, 2019. "On Sinha’s View of Sraffa’s Revolution in Economic Theory: A Review Essay," Review of Political Economy, Taylor & Francis Journals, vol. 31(1), pages 115-123, January.
    3. Christian Gehrke & Heinz D. Kurz, 2006. "Sraffa on von Bortkiewicz: Reconstructing the Classical Theory of Value and Distribution," History of Political Economy, Duke University Press, vol. 38(1), pages 91-149, Spring.
    4. Ajit Sinha, 2016. "A Revolution in Economic Theory," Springer Books, Springer, number 978-3-319-30616-2, September.
    5. Guglielmo Chiodi, 1998. "On Non-self-replacing States," Metroeconomica, Wiley Blackwell, vol. 49(1), pages 97-107, February.
    6. Fabio Ravagnani, 2001. "Notes on a Mischaracterization of the Classical Theory of Value," Review of Political Economy, Taylor & Francis Journals, vol. 13(3), pages 355-363.
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    More about this item

    Keywords

    Sraffa; Production Systems; Modern Classical Approach;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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