Sraffa and Modern Economics, Volume II [Paperback]

Analyzing Sraffa, one of the key figures in the history of economics, this book explores his legacy and the relevance of his thought for modern economics. Written by an array of internationally respected contributors, including Schefold, Aspromourgos, Nell and Kurz it is an invaluable tool for all those studying the history of economic thought.

Introduction  Part3: Technical Change, Variable Returns and Normal Prices in the Classical Framework  1. Produced Quantities and Returns in Sraffa's Theory of Normal Prices: Textual Evidence and Analytical Issues F. Ravagnani  2. On the Inconsistence between the Long-Period Method and the Assumption of Given Quantities F. D'Orlando and S. Nistic?  3. On Some Aspects of the Debate on the Gravitation of Market Prices to Long-Period Prices F. Petri  4. Gravitation of Market Prices towards Natural Prices E. Bellino  5. Capacity Utilization, Mobility of Capital and the Classical Process of Gravitation R. Ciccone  Part 4: Output and Distribution in the Long Run: A Classical-Keynesian Perspective  1. Price or Quantities? The Common Link in the Methods of Sraffa, Keynes and Kalecki A. Bhaduri  2. Notes on Sraffa and Keynes H. Bortis  3. The Capacity to Generate Investment: An Analysis of the Long-Term Determinants of Investment G. Bonfati  4. Steady State and the Analysis of Long-Run Tendencies: the Case of Neo-Kaleckian Models A. Trezzini  5. The Principle of Effective Demand according to Pasinetti B. Jossa  6. Monetary Influences on Distribution: A Comparison between Two Post-Keynesian Theories C. Panico  7. The Quantity Equation and  the ClaslS6