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Sraffa's 1930 manuscripts on the representative firm and Marshall's theory of value and business profit

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  • Antonella Stirati

Abstract

The present paper provides an account of Sraffa's unpublished manuscripts on the representative firm in Marshall's theory of value and business profits and some background to their contents. In addition to their historical interest, the old debates on this notion might stir new reflections on a concept that Sraffa considered ‘obsolete’ back in the 1930s, but is still very much in use.

Suggested Citation

  • Antonella Stirati, 2013. "Sraffa's 1930 manuscripts on the representative firm and Marshall's theory of value and business profit," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(3), pages 439-465, June.
    • Handle: RePEc:taf:eujhet:v:20:y:2013:i:3:p:439-465
    DOI: 10.1080/09672567.2011.565357
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    References listed on IDEAS

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    1. Mongiovi, Gary, 1996. "Sraffa's Critique of Marshall: A Reassessment," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 20(2), pages 207-224, March.
    2. Alfred Marshall, 1887. "The Theory of Business Profits," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 1(4), pages 477-481.
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    4. Samuelson, Paul A, 1991. "Sraffa's Other Leg," Economic Journal, Royal Economic Society, vol. 101(406), pages 570-574, May.
    5. Panico, Carlo, 1991. "Some Notes on Marshallian Supply Functions," Economic Journal, Royal Economic Society, vol. 101(406), pages 557-569, May.
    6. Rodolfo Signorino, 2001. "An appraisal of Piero Sraffa's 'The Laws of Returns under Competitive Conditions'," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 8(2), pages 230-250.
    7. Alan P. Kirman, 1992. "Whom or What Does the Representative Individual Represent?," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 117-136, Spring.
    8. Annalisa Rosselli, 2005. "Sraffa and the Marshallian tradition," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 12(3), pages 403-423.
    9. Schohl, Frank, 1999. "The Paradoxical Fate of the Representative Firm," Journal of the History of Economic Thought, Cambridge University Press, vol. 21(1), pages 65-80, March.
    10. Rodolfo Signorino, 2000. "Method and analysis in Piero Sraffa's 1925 critique of Marshallian economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(4), pages 569-594.
    11. James E. Hartley, 1996. "Retrospectives: The Origins of the Representative Agent," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 169-177, Spring.
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