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Keynes et Sraffa

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  • Asimakopulos, A.

    (Université McGiIl)

Abstract

Keynes' General Theory of Employment, Interest and Money and Sraffa's Production of Commodities by Means of Commodities were concerned with different problems, and this is reflected in the structure of the models they used. Keynes was concerned with the factors determining the level of employment in a particular period of time — a short period — and the ways in which that level of employment could be thanged over a sequence of these short periods. There is great scope for disappointment of expectations and uncertainty in his analysis — it is not tied in any way to long-period equilibrium. Sraffa's analysis was concerned with highly abstract theoretical questions — the value nature of capital and the lack of logical foundations for any marginal productivity theory of distribution that treats aggregate capital as an input. For this purpose, an analysis solely concerned with long-period equilibrium situations is not inappropriate. In these works there is no meeting ground between Sraffa and Keynes. The joining of the two analyses — except as a very special case in which entrepreneurial investment-expectations turned out to be validated by events — would distort seriously the nature of Keynes' analysis.

Suggested Citation

  • Asimakopulos, A., 1982. "Keynes et Sraffa," L'Actualité Economique, Société Canadienne de Science Economique, vol. 58(1), pages 87-94, janvier-j.
    • Handle: RePEc:ris:actuec:v:58:y:1982:i:1:p:87-94
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    References listed on IDEAS

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    1. 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.
    2. Trevithick, James A, 1976. "Money Wage Inflexibility and the Keynesian Labour Supply Function," Economic Journal, Royal Economic Society, vol. 86(342), pages 327-332, June.
    3. Robinson, Joan, 1979. "Garegnani on Effective Demand," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 3(2), pages 179-180, June.
    4. Pierangelo Garegnani, 2024. "Notes on Consumption, Investment and Effective Demand: I," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 387-409, Springer.
    5. Casarosa, Carlo, 1981. "The Microfoundations of Keynes's Aggregate Supply and Expected Demand Analysis," Economic Journal, Royal Economic Society, vol. 91(361), pages 188-194, March.
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    Cited by:

    1. Arena, Richard, 1992. "Une synthèse entre post-keynésiens et néo-ricardiens est-elle encore possible?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(4), pages 587-606, décembre.
    2. Dostaler, Gilles, 1991. "A. Asimakopulos et la Théorie générale de Keynes," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(4), pages 549-566, décembre.

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