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Notes on a Mischaracterization of the Classical Theory of Value

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  • Fabio Ravagnani

Abstract

This paper discusses the widespread view that the classical determination of relative prices is closely connected to the study of the conditions allowing for the 'reproduction' of the economy. It is argued that this view obscures the generality of Sraffa's contribution and, furthermore, that it does not provide a solid criterion for distinguishing the classical from the marginalist approach to the theory of value.

Suggested Citation

  • Fabio Ravagnani, 2001. "Notes on a Mischaracterization of the Classical Theory of Value," Review of Political Economy, Taylor & Francis Journals, vol. 13(3), pages 355-363.
    • Handle: RePEc:taf:revpoe:v:13:y:2001:i:3:p:355-363
    DOI: 10.1080/09538250120055173
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    References listed on IDEAS

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    1. Garegnani, Pierangelo, 1984. "Piero Sraffa," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 8(1), pages 1-2, March.
    2. Richard Arena & Jacques-Laurent Ravix, 1990. "Sraffa, trente ans après," Post-Print halshs-00462959, HAL.
    3. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676.
    4. Pierangelo Garegnani, 2024. "Value and Distribution in the Classical Economists and Marx," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 305-340, Springer.
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    Cited by:

    1. Enrico Bellino, 2018. "Viability, reproducibility and returns in production price systems," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(3), pages 845-861, December.
    2. Fabio Ravagnani, 2020. "Sraffa on non-self-replacing systems: a note," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 44(4), pages 943-952.
    3. Ginzburg, Andrea, 2014. "Two translators: Gramsci and Sraffa," Centro Sraffa Working Papers CSWP1, Centro di Ricerche e Documentazione "Piero Sraffa".

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