On a current characterization of the classical theory of value

The paper discusses the widespread opinion according to which the classical determination of relative prices would be closely connected to the study of the conditions allowing for the "reproduction" of the economy. It is argued that this view obscures the generality of Sraffa's contribution, and furthermore that it does not provide a solid criterion for distinguishing the classical from the marginalist approach to the theory of value.

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Year of publication:	1999-11
Authors:	Ravagnani, Fabio
Institutions:	Dipartimento di Economia e Diritto, Facoltà di Economia
Subject:	Classical theory \| Normal prices \| Reproduction

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 39 1 pages long
Classification:	B20 - History of Economic Thought since 1925. General ; E11 - Marxian; Sraffian; Institutional; Evolutionary
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009649923