IDEAS home Printed from https://ideas.repec.org/a/fan/steste/vhtml10.3280-ste2009-097001.html
   My bibliography  Save this article

Sull'inseparabilit? delle strutture sintattiche nell'analisi classica del valore e della distribuzione

Author

Listed:
  • Duccio Cavalieri

Abstract

The paper deals with a fundamental issue in the history of economic thought: the alleged separability in the classical analysis of distinct and sequential logical stages. It will be recalled that the contested idea of an analytical separation of the theory of value (relative prices), the theory of production (relative quantities) and the theory of the social distribution of income was initially advanced by Ricardo, in his lost Papers on the Profits of Capital and in his Essay on Profits, but later abandoned, in the third edition of the Principles. It was then reproposed by J.S. Mill, Jevons, Sraffa and Garegnani, and opposed by Malthus, Marshall and Walras. Today a separability thesis cannot be maintained, as it presupposes the existence of a given physical vector of the real wage, a circumstance which is not satisfied in the present world.

Suggested Citation

  • Duccio Cavalieri, 2009. "Sull'inseparabilit? delle strutture sintattiche nell'analisi classica del valore e della distribuzione," STUDI ECONOMICI, FrancoAngeli Editore, vol. 0(97), pages 5-46.
    • Handle: RePEc:fan:steste:v:html10.3280/ste2009-097001
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=37292&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Pierangelo Garegnani, 2024. "Misunderstanding Classical Economics? A Reply to Blaug," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 341-352, Springer.
    2. Samuel Hollander, 2000. "Sraffa and the Interpretation of Ricardo: The Marxian Dimension," History of Political Economy, Duke University Press, vol. 32(2), pages 187-232, Summer.
    3. Peach, Terry, 2001. "Hollander, de Vivo and the 'Further Evidence' for the Corn Model Interpretation of Ricardo: A Conspiracy of Silence?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(5), pages 685-692, September.
    4. P. Garegnani, 1970. "A Reply," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(3), pages 439-439.
    5. Pier Luigi Porta, 1986. "Understanding the Significance of Piero Sraffa's Standard Commodity: A Note on the Marxian Notion of Surplus," History of Political Economy, Duke University Press, vol. 18(3), pages 443-454, Fall.
    6. Mark Blaug, 1999. "Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach," History of Political Economy, Duke University Press, vol. 31(2), pages 213-236, Summer.
    7. Peach,Terry, 1993. "Interpreting Ricardo," Cambridge Books, Cambridge University Press, number 9780521260862, September.
    8. Hollander, Jacob H., 1904. "The Development of Ricardo's Theory of Value," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 18, pages 455-491.
    9. Peach, Terry, 1984. "David Ricardo's Early Treatment of Profitability: A New Interpretation," Economic Journal, Royal Economic Society, vol. 94(376), pages 733-751, December.
    10. Peach, Terry, 1988. "Samuel Hollander's Classical Economics: A Review Article," The Manchester School of Economic & Social Studies, University of Manchester, vol. 56(2), pages 167-176, June.
    11. Peach, Terry, 1998. "On Interpreting Ricardo: A Reply to Sraffians," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(5), pages 597-616, September.
    12. Pierangelo Garegnani, 1998. "Sraffa: the theoretical world of the 'old classical economists'," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 5(3), pages 415-429.
    13. P. Garegnani, 1970. "Heterogeneous Capital, the Production Function and the Theory of Distribution," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(3), pages 407-436.
    14. Pierangelo Garegnani, 2024. "Heterogeneous Capital, the Production Function and the Theory of Distribution," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 147-193, Springer.
    15. Cavalieri, Duccio, 2001. "On Some Controversial Aspects of Sraffa's Theoretical System in the Second Half of the 1920s," MPRA Paper 43737, University Library of Munich, Germany.
    16. Cavalieri, Duccio, 1991. "Marshall, l'economia classica e la logica della separazione [Marshall, classical political economy and the logic of separation]," MPRA Paper 44167, University Library of Munich, Germany.
    17. Casarosa, Carlo, 1978. "A New Formulation of the Ricardian System," Oxford Economic Papers, Oxford University Press, vol. 30(1), pages 38-63, March.
    18. Hahn, Frank, 1982. "The Neo-Ricardians," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 6(4), pages 353-374, December.
    19. John Hicks & Samuel Hollander, 1977. "Mr. Ricardo and the Moderns," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 91(3), pages 351-369.
    20. Arrow, Kenneth J., 1991. "Ricardo's Work as Viewed by Later Economists," Journal of the History of Economic Thought, Cambridge University Press, vol. 13(1), pages 70-77, April.
    21. Terry Peach, 2002. "Interpreting Ricardo: a further reply to Sraffians," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(3), pages 381-391, May.
    22. Duccio Cavalieri, 2001. "Sul sistema teorico del giovane Sraffa," Economia politica, Società editrice il Mulino, issue 1, pages 19-40.
    23. Alessandro Roncaglia & Samuel Hollander, 1982. "Hollander's Ricardo [with Reply] [with Rejoinder]," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 4(3), pages 339-375, April.
    24. Samuelson, Paul A, 1978. "The Canonical Classical Model of Political Economy," Journal of Economic Literature, American Economic Association, vol. 16(4), pages 1415-1434, December.
    25. Christian Gehrke & Heinz D. Kurz, 2006. "Sraffa on von Bortkiewicz: Reconstructing the Classical Theory of Value and Distribution," History of Political Economy, Duke University Press, vol. 38(1), pages 91-149, Spring.
    26. Garegnani, P, 1982. "On Hollander's Interpretation of Ricardo's Early Theory of Profits," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 6(1), pages 65-77, March.
    27. Pier Luigi Porta, 1986. "Understanding the Significance of Piero Sraffa's Standard Commodity: A Rejoinder," History of Political Economy, Duke University Press, vol. 18(3), pages 479-484, Fall.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cavalieri, Duccio, 2015. "Structural interdependence in monetary economics: theoretical assessment and policy implications," MPRA Paper 65528, University Library of Munich, Germany.
    2. Cavalieri, Duccio, 2014. "Towards an integrated theory of value, capital and money," MPRA Paper 58198, University Library of Munich, Germany.
    3. Cavalieri, Duccio, 2013. "A theory of capital as value in progress," MPRA Paper 47197, University Library of Munich, Germany.
    4. Cavalieri, Duccio, 2013. "Towards a revision of the theory of capital," MPRA Paper 47351, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pierangelo Garegnani, 2024. "On a Turning Point in Sraffa’s Theoretical and Interpretative Position in the Late 1920s," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 491-525, Springer.
    2. G. C. Harcourt, 2015. "On the Cambridge, England, Critique of the Marginal Productivity Theory of Distribution," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(2), pages 243-255, June.
    3. Heinz D. Kurz & Neri Salvadori, 2011. "In Favor of Rigor and Relevance: A Reply to Mark Blaug," History of Political Economy, Duke University Press, vol. 43(3), pages 607-616, Fall.
    4. Ajit Sinha, 2015. "A Reflection on the Samuelson-Garegnani Debate," Economic Thought, World Economics Association, vol. 4(2), pages 1-48, September.
    5. Avi J. Cohen, 2003. "Retrospectives: Whatever Happened to the Cambridge Capital Theory Controversies?," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 199-214, Winter.
    6. J. Barkley Rosser, 2020. "Austrian themes and the Cambridge capital theory controversies," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 415-431, December.
    7. Giulio Guarini & Vasco Molini & Roberta Rabellotti, 2006. "Is Korea Catching Up? An Analysis of the Labour Productivity Growth in South Korea," Oxford Development Studies, Taylor & Francis Journals, vol. 34(3), pages 323-339.
    8. Ajit Sinha, 2000. "The Transformation Problem: Is the Standard Commodity a Solution?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(2), pages 265-281, June.
    9. Schefold, Bertram, 2008. "C.E.S. production functions in the light of the Cambridge critique," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 783-797, June.
    10. Stirati, Antonella, 2014. "Real wages in the business cycle: an unresolved conflict between theory and facts in mainstream macroeconomics," MPRA Paper 53743, University Library of Munich, Germany.
    11. Kurose, Kazuhiro & Yoshihara, Naoki, 2016. "The Heckscher-Ohlin-Samuelson Model and the Cambridge Capital Controversies," UMASS Amherst Economics Working Papers 2016-05, University of Massachusetts Amherst, Department of Economics.
    12. Francisco L. Lopes, 2006. "The Ricardo puzzle," Textos para discussão 526, Department of Economics PUC-Rio (Brazil).
    13. Alessandro Roncaglia, 2013. "Luigi Spaventa," PSL Quarterly Review, Economia civile, vol. 66(266), pages 171-199.
    14. Mariolis, Theodore, 2015. "Testing Bienenfeld’s Second-Order Approximation for the Wage-Profit Curve," MPRA Paper 68215, University Library of Munich, Germany.
    15. Saverio M. Fratini, 2009. "Reswitching and Decreasing Demand for Capital in a Model with a Continuum of Linear Techniques," EERI Research Paper Series EERI_RP_2009_26, Economics and Econometrics Research Institute (EERI), Brussels.
    16. Theodore Mariolis & Lefteris Tsoulfidis, 2016. "Capital theory ‘paradoxes’ and paradoxical results: resolved or continued?," Evolutionary and Institutional Economics Review, Springer, vol. 13(2), pages 297-322, December.
    17. Luca Zamparelli, 2009. "Average cost and marginal cost pricing in Marshall: Textual analysis and interpretation," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 16(4), pages 665-694.
    18. H. Bortis, 1976. "On the Determination of the Level of Employment in a Growing Capitalist Economy," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 112(I), pages 67-93, March.
    19. Ariel Dvoskin & German Feldman, 2010. "The Exchange Rate and Inflation in Argentina: A Classical Critique of Orthodox and Heterodox Policy Prescriptions," Forum for Social Economics, Springer;The Association for Social Economics, vol. 39(2), pages 145-169, July.
    20. Anwar Shaikh, 2012. "Rethinking Microeconomics: A Proposed Reconstruction," Working Papers 1206, New School for Social Research, Department of Economics.

    More about this item

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:steste:v:html10.3280/ste2009-097001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=59 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.