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Sraffa on Income Distribution

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  • Pasinetti, Luigi L

Abstract

This is a brief assessment of Piero Sraffa's treatment of income distribution. On the basis of Sraffa's texts, the author rejects two opposite and extreme views, claiming respectively no concern for the problem of income distribution, and a very specific income distribution theory. It is shown that (1) Sraffa was concerned with providing the foundations of a theory of income distribution; and (2) these foundations are compatible with some theories (those that take eithe r the wage rate or the rate of profits as an independent variable withi n the production process) and are incompatible with others, in particul ar with marginal productivity theories. Copyright 1988 by Oxford University Press.

Suggested Citation

  • Pasinetti, Luigi L, 1988. "Sraffa on Income Distribution," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 12(1), pages 135-138, March.
    • Handle: RePEc:oup:cambje:v:12:y:1988:i:1:p:135-38
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    Cited by:

    1. Ahmad Fliti, 1995. "L'analyse en termes de secteur verticalement intégré. Une application au cas du BTP en France en 1989," Revue Économique, Programme National Persée, vol. 46(5), pages 1333-1359.
    2. Mauro Baranzini, 2005. "Modigliani's life-cycle theory of savings fifty years later," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 58(233-234), pages 109-172.
    3. Mauro Baranzini, 2005. "Modigliani's life-cycle theory of savings fifty years later," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 58(233-234), pages 109-172.
    4. Stephanie Blankenburg, 2011. "On Sraffa, post-Keynesian theories of pricing and capitalist competition: Some observations," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 8(1), pages 183-200.

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