Sraffa’s unpublished papers have attracted again the attention of different scholars on the relationship between Marx’s and Sraffa’s economic theories. In his notes, as far as the theory of value is concerned, Sraffa states that the «delicate point» is the analysis of the relation...

The Italian jobs crisis consists of a high percentage of non-working labour force, matched with a high percentage of discouraged, long-term unemployed and inactive population. Not only a sharp deregulation of the job market is groundless, but even a hypothetic return to expansionary fiscal...

In his letter in response to Eaton’s review of Production of Commodities by Means of Commodities, Sraffa analyses the relationship between Marx’s general profit rate and sectoral profit rates determined by exchange ratios proportional to the labour values. The conclusion is that the...

According to Shina, the condition of a uniform rate of profit in Sraffa’s prices, differently from the classical economists, does not lay on the operation of competition and the mobility of capitals in the economic system. Still, it would be a logical necessity of his system of prices. The...

In this paper, we show that Sraffa’s prices are consistent with Marx’s analysis of the form of circulation of capital (Money–Commodities–Money) and his theory of the creation of new value by labour in the production process. On the contrary, according to many neo-Ricardian and Marxist...

We show that computing the consumer surplus as the area below the demand curve and above the equilibrium price level is consistent with the definition of consumer surplus, as the monetary gain obtained because consumers are able to purchase for a price less than the highest price that they would...