IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/57896.html
   My bibliography  Save this paper

Sull'inseparabilità delle strutture sintattiche nell'analisi classica del valore e della distribuzione
[On the inseparability of synctactic structures in classical analysis of value and distribution]

Author

Listed:
  • Cavalieri, Duccio

Abstract

The paper deals with a fundamental issue in the history of economic thought: the alleged separability in the classical analysis of distinct and sequential logical stages. It will be recalled that the contested idea of an analytical separation of the theory of value (relative prices), the theory of production (relative quantities) and the theory of the social distribution of income was initially advanced by Ricardo, in his lost Papers on the Profits of Capital and in his Essay on Profits, but later abandoned, in the third edition of the Principles. It was then reproposed by J.S. Mill, Jevons, Sraffa and Garegnani, and opposed by Malthus, Marshall and Walras. Today a separability thesis cannot be maintained, as it presupposes the existence of a given physical vector of the real wage, a circumstance which is not satisfied in the present world.

Suggested Citation

  • Cavalieri, Duccio, 2009. "Sull'inseparabilità delle strutture sintattiche nell'analisi classica del valore e della distribuzione [On the inseparability of synctactic structures in classical analysis of value and distributio," MPRA Paper 57896, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:57896
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/57896/1/MPRA_paper_57896.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Peach, Terry, 1988. "Samuel Hollander's Classical Economics: A Review Article," The Manchester School of Economic & Social Studies, University of Manchester, vol. 56(2), pages 167-176, June.
    2. Cavalieri, Duccio, 2001. "On Some Controversial Aspects of Sraffa's Theoretical System in the Second Half of the 1920s," MPRA Paper 43737, University Library of Munich, Germany.
    3. Cavalieri, Duccio, 1991. "Marshall, l'economia classica e la logica della separazione [Marshall, classical political economy and the logic of separation]," MPRA Paper 44167, University Library of Munich, Germany.
    4. John Hicks & Samuel Hollander, 1977. "Mr. Ricardo and the Moderns," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 91(3), pages 351-369.
    5. Alessandro Roncaglia & Samuel Hollander, 1982. "Hollander's Ricardo [with Reply] [with Rejoinder]," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 4(3), pages 339-375, April.
    6. Pierangelo Garegnani, 2024. "Misunderstanding Classical Economics? A Reply to Blaug," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 341-352, Springer.
    7. Peach,Terry, 1993. "Interpreting Ricardo," Cambridge Books, Cambridge University Press, number 9780521260862, September.
    8. Hollander, Jacob H., 1904. "The Development of Ricardo's Theory of Value," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 18, pages 455-491.
    9. Peach, Terry, 1984. "David Ricardo's Early Treatment of Profitability: A New Interpretation," Economic Journal, Royal Economic Society, vol. 94(376), pages 733-751, December.
    10. Casarosa, Carlo, 1978. "A New Formulation of the Ricardian System," Oxford Economic Papers, Oxford University Press, vol. 30(1), pages 38-63, March.
    11. Terry Peach, 2002. "Interpreting Ricardo: a further reply to Sraffians," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(3), pages 381-391, May.
    12. Duccio Cavalieri, 2001. "Sul sistema teorico del giovane Sraffa," Economia politica, Società editrice il Mulino, issue 1, pages 19-40.
    13. Peach, Terry, 2001. "Hollander, de Vivo and the 'Further Evidence' for the Corn Model Interpretation of Ricardo: A Conspiracy of Silence?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(5), pages 685-692, September.
    14. Peach, Terry, 1998. "On Interpreting Ricardo: A Reply to Sraffians," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(5), pages 597-616, September.
    15. Pierangelo Garegnani, 2024. "Heterogeneous Capital, the Production Function and the Theory of Distribution," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 147-193, Springer.
    16. Arrow, Kenneth J., 1991. "Ricardo's Work as Viewed by Later Economists," Journal of the History of Economic Thought, Cambridge University Press, vol. 13(1), pages 70-77, April.
    17. Samuelson, Paul A, 1978. "The Canonical Classical Model of Political Economy," Journal of Economic Literature, American Economic Association, vol. 16(4), pages 1415-1434, December.
    18. Christian Gehrke & Heinz D. Kurz, 2006. "Sraffa on von Bortkiewicz: Reconstructing the Classical Theory of Value and Distribution," History of Political Economy, Duke University Press, vol. 38(1), pages 91-149, Spring.
    19. Garegnani, P, 1982. "On Hollander's Interpretation of Ricardo's Early Theory of Profits," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 6(1), pages 65-77, March.
    20. Pier Luigi Porta, 1986. "Understanding the Significance of Piero Sraffa's Standard Commodity: A Rejoinder," History of Political Economy, Duke University Press, vol. 18(3), pages 479-484, Fall.
    21. Samuel Hollander, 2000. "Sraffa and the Interpretation of Ricardo: The Marxian Dimension," History of Political Economy, Duke University Press, vol. 32(2), pages 187-232, Summer.
    22. P. Garegnani, 1970. "A Reply," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(3), pages 439-439.
    23. Pier Luigi Porta, 1986. "Understanding the Significance of Piero Sraffa's Standard Commodity: A Note on the Marxian Notion of Surplus," History of Political Economy, Duke University Press, vol. 18(3), pages 443-454, Fall.
    24. Mark Blaug, 1999. "Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach," History of Political Economy, Duke University Press, vol. 31(2), pages 213-236, Summer.
    25. Pierangelo Garegnani, 1998. "Sraffa: the theoretical world of the 'old classical economists'," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 5(3), pages 415-429.
    26. Hahn, Frank, 1982. "The Neo-Ricardians," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 6(4), pages 353-374, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cavalieri, Duccio, 2015. "Structural interdependence in monetary economics: theoretical assessment and policy implications," MPRA Paper 65528, University Library of Munich, Germany.
    2. Cavalieri, Duccio, 2014. "Towards an integrated theory of value, capital and money," MPRA Paper 58198, University Library of Munich, Germany.
    3. Cavalieri, Duccio, 2013. "A theory of capital as value in progress," MPRA Paper 47197, University Library of Munich, Germany.
    4. Cavalieri, Duccio, 2013. "Towards a revision of the theory of capital," MPRA Paper 47351, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pierangelo Garegnani, 2024. "On a Turning Point in Sraffa’s Theoretical and Interpretative Position in the Late 1920s," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 491-525, Springer.
    2. Francisco L. Lopes, 2006. "The Ricardo puzzle," Textos para discussão 526, Department of Economics PUC-Rio (Brazil).
    3. G. C. Harcourt, 2015. "On the Cambridge, England, Critique of the Marginal Productivity Theory of Distribution," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(2), pages 243-255, June.
    4. Heinz D. Kurz & Neri Salvadori, 2011. "In Favor of Rigor and Relevance: A Reply to Mark Blaug," History of Political Economy, Duke University Press, vol. 43(3), pages 607-616, Fall.
    5. Ajit Sinha, 2015. "A Reflection on the Samuelson-Garegnani Debate," Economic Thought, World Economics Association, vol. 4(2), pages 1-48, September.
    6. Ajit Sinha, 2000. "The Transformation Problem: Is the Standard Commodity a Solution?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(2), pages 265-281, June.
    7. repec:drm:wpaper:2013-39 is not listed on IDEAS
    8. Heinz D. Kurz, 2011. "The Contributions of Two Eminent Japanese Scholars to the Development of Economic Theory: Michio Morishima and Takashi Negishi," Chapters, in: Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), The Dissemination of Economic Ideas, chapter 13, Edward Elgar Publishing.
    9. J. Barkley Rosser, 2020. "Austrian themes and the Cambridge capital theory controversies," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 415-431, December.
    10. Schefold, Bertram, 2008. "C.E.S. production functions in the light of the Cambridge critique," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 783-797, June.
    11. Giulio Guarini & Vasco Molini & Roberta Rabellotti, 2006. "Is Korea Catching Up? An Analysis of the Labour Productivity Growth in South Korea," Oxford Development Studies, Taylor & Francis Journals, vol. 34(3), pages 323-339.
    12. Stirati, Antonella, 2014. "Real wages in the business cycle: an unresolved conflict between theory and facts in mainstream macroeconomics," MPRA Paper 53743, University Library of Munich, Germany.
    13. Kurose, Kazuhiro & Yoshihara, Naoki, 2016. "The Heckscher-Ohlin-Samuelson Model and the Cambridge Capital Controversies," UMASS Amherst Economics Working Papers 2016-05, University of Massachusetts Amherst, Department of Economics.
    14. Olivier Rosell, 2013. "L’apport de Robert TORRENS à la théorie Ricardienne du salaire naturel," Working Papers hal-04141164, HAL.
    15. André Lapidus, 1996. "Introduction à une "Histoire de la Pensée Economique" qui ne verra jamais le jour," Revue Économique, Programme National Persée, vol. 47(4), pages 867-892.
    16. Neri Salvadori & Rodolfo Signorino, 2013. "The Classical Notion of Competition Revisited," History of Political Economy, Duke University Press, vol. 45(1), pages 149-175, Spring.
    17. Alessandro Roncaglia, 2013. "Luigi Spaventa," Moneta e Credito, Economia civile, vol. 66(263), pages 219-247.
    18. Andrew Glyn, 2006. "The corn model, gluts and surplus value," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(2), pages 307-312, March.
    19. Theodore Mariolis & Lefteris Tsoulfidis, 2016. "Capital theory ‘paradoxes’ and paradoxical results: resolved or continued?," Evolutionary and Institutional Economics Review, Springer, vol. 13(2), pages 297-322, December.
    20. Luca Zamparelli, 2009. "Average cost and marginal cost pricing in Marshall: Textual analysis and interpretation," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 16(4), pages 665-694.
    21. Ariel Dvoskin & German Feldman, 2010. "The Exchange Rate and Inflation in Argentina: A Classical Critique of Orthodox and Heterodox Policy Prescriptions," Forum for Social Economics, Springer;The Association for Social Economics, vol. 39(2), pages 145-169, July.

    More about this item

    Keywords

    Value; distribution; classical analysis; separability; Garegnani;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:57896. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.