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Garegnani’s work and the prospects of the surplus approach: an introduction

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  • Enrico Sergio Levrero

    (Roma Tre University)

Abstract

This introduction provides a list of questions in order to highlight different aspects of Garegnani’s work and possible lines of advancement in the surplus approach. The questions concern 1) the criticism of the marginalist theory and the present state of the capital debate; 2) the separate determination of prices and outputs and Garegnani’s distinction between the relationships within the “core†of the surplus approach and the relations outside it; 3) the relationship between Sraffa and Marx; 4) growth theory; 5) the determinants of income distribution.

Suggested Citation

  • Enrico Sergio Levrero, 2021. "Garegnani’s work and the prospects of the surplus approach: an introduction," Bulletin of Political Economy, Bulletin of Political Economy, vol. 15(2), pages 115-121, December.
    • Handle: RePEc:awu:journl:v:15:y:2021:i:2:p:115-121
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    References listed on IDEAS

    as
    1. Roberto Ciccone, 2012. "Pierangelo Garegnani: Rebuilding Economic Theory," PSL Quarterly Review, Economia civile, vol. 65(262), pages 311-331.
    2. Antonella Palumbo & Attilio Trezzini, 2011. "Pierangelo Garegnani: Policy Implications of the Critique of Political Economy," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
    3. Smith, Adam, 1776. "An Inquiry into the Nature and Causes of the Wealth of Nations," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1776.
    4. Pierangelo Garegnani, 2007. "Professor Samuelson on Sraffa and the classical economists," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 14(2), pages 181-242.
    5. Garegnani, Pierangelo, 1979. "Notes on Consumption, Investment and Effective Demand: A Reply to Joan Robinson," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 3(2), pages 181-187, June.
    6. Pierangelo Garegnani, 2013. "On the Present State of the Capital Controversy," Palgrave Macmillan Books, in: Enrico Sergio Levrero & Antonella Palumbo & Antonella Stirati (ed.), Sraffa and the Reconstruction of Economic Theory: Volume One, chapter 1, pages 15-37, Palgrave Macmillan.
    7. John Eatwell, 2012. "The Theory of Value and the Foundations of Economic Policy: In Memoriam Pierangelo Garegnani," Contributions to Political Economy, Cambridge Political Economy Society, vol. 31(1), pages 1-18.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Surplus approach; marginalist theory; capital debate; income distribution; growth theory;
    All these keywords.

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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