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Prices and Distributive Antagonism in the Work of Smith and Kalecki

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  • Nisticò, Sergio

Abstract

Adam Smiths adding up theory (Sraffa 1951, p. xxxv) has generally been interpreted as an expression of the harmonious view of the mechanisms governing exchange ratios and distribution In two preceding works (Nistico 1988,1991) I tried to show that Smith's theory of prices is instead fully compatible with the classical approach to the theory of value and distribution based on the essential role played by class antagonism in a capitalist system.

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  • Nisticò, Sergio, 1991. "Prices and Distributive Antagonism in the Work of Smith and Kalecki," Journal of the History of Economic Thought, Cambridge University Press, vol. 13(1), pages 54-69, April.
    • Handle: RePEc:cup:jhisec:v:13:y:1991:i:01:p:54-69_00
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    Cited by:

    1. Sergio Nistico & Giorgio Rodano, 2005. "Reflections on Sraffa's Legacy in Economics: A review essay," Review of Political Economy, Taylor & Francis Journals, vol. 17(3), pages 471-487.
    2. Sergio Nisticò, 2021. "Some notes on Gossen’s “submerged and forgotten” approach to consumption and time," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 28(4), pages 635-653, July.

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