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Marx, Sraffa, and Surplus: Observations Prompted by Garegnani (2018)

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  • Gilbert L. Skillman

Abstract

In a posthumously published article, Pierangelo Garegnani (2018. ‘On the Labour Theory of Value in Marx and in the Marxist Tradition.’) depicts Marx’s project in Capital as that of ‘developing systematically the theory of Ricardo and [the] implications of social conflict’ implied by Ricardo’s ‘surplus approach to value and distribution’. This paper argues to the contrary that Marx’s theory of surplus value and exploitation differs from (neo-)Ricardian surplus theory in fundamental ways, and modifies Garegnani’s simple Sraffian model to illustrate the distinctive implications of Marx’s theory.

Suggested Citation

  • Gilbert L. Skillman, 2020. "Marx, Sraffa, and Surplus: Observations Prompted by Garegnani (2018)," Review of Political Economy, Taylor & Francis Journals, vol. 31(4), pages 602-620, July.
    • Handle: RePEc:taf:revpoe:v:31:y:2020:i:4:p:602-620
    DOI: 10.1080/09538259.2020.1724694
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