Sraffa and the Reconstruction of Economic Theory: Volume One

1. Front Matter

   Pages i-xiii

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2. Introduction

   1. Introduction

      • Enrico Sergio Levrero

      Pages 1-11

3. The Capital Controversy and General Equilibrium Analysis

   1. Front Matter

      Pages 13-13

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   2. On the Present State of the Capital Controversy

      • Pierangelo Garegnani

      Pages 15-37

   3. Two Strands of Thought in Pierangelo Garegnani’s Capital Theory Critique

      • Harvey Gram

      Pages 38-45

   4. Only a Few Techniques Matter! On the Number of Curves on the Wage Frontier

      • Bertram Schefold

      Pages 46-69

   5. On the Stability of the Ramsey Accumulation Path

      • Enrico Bellino

      Pages 70-104

   6. Malinvaud on Wicksell’s Legacy to Capital Theory: Some Critical Remarks

      • Saverio M. Fratini

      Pages 105-128

   7. Capital and Stationary States: Considerations on the Reasons Adduced for Abandoning the Method of Normal Positions

      • Paolo Trabucchi

      Pages 129-149

4. The Revival and Development of the Classical Theory of Distribution

   1. Front Matter

      Pages 151-151

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   2. Marx’s Theory of Wages and the Revival of the Surplus Approach

      • Enrico Sergio Levrero

      Pages 153-175

   3. On Advanced Capitalism and the Determinants of the Change in Income Distribution: A Classical Interpretation

      • Massimo Pivetti

      Pages 176-191

   4. Alternative ‘Closures’ to Sraffa’s System: Some Reflections in the Light of the Changes in Functional Income Distribution in the United States

      • Antonella Stirati

      Pages 192-217

   5. Sraffa and Keynes: Two Ways of Making a ‘Revolution’ in Economic Theory

      • Guglielmo Chiodi, Leonardo Ditta

      Pages 218-240

   6. Causality and Structure in Piecemeal Macroeconomic Modelling

      • Sergio Parrinello

      Pages 241-259

   7. On the Link between Functional and Personal Distribution in Italy

      • Aldo Barba

      Pages 260-283

   8. Exchange Rate Policy, Distributive Conflict and Structural Heterogeneity: The Argentinean and Brazilian Cases

      • Fabián Amico, Alejandro Fiorito

      Pages 284-308

5. Back Matter

   Pages 309-336

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This book accounts for the work done around the two central aspects of Piero Sraffa's contribution to economic analysis, namely the criticism of the neoclassical theory of value and distribution and the reconstruction of economic theory along the lines of the Classical approach.

• capital theory
• capitalism
• economic theory
• equilibrium
• general equilibrium
• income distribution
• John Maynard Keynes
• Keynes
• macroeconomics
• Marx
• modeling

• Roma Tre University, Italy

  Enrico Sergio Levrero, Antonella Palumbo, Antonella Stirati

Fabian Amico, Luján University, Buenos Aires, Argentina. Aldo Barba, 'Federico II' University of Naples, Italy. Enrico Bellino, Università Cattolica, Milan, Italy. Guglielmo Chiodi Sapienza University of Rome, Italy. Leonardo Ditta, University of Perugia, Italy. Alejandro Fiorito, Luján University, Buenos Aires, Argentina. Saverio M. Fratini, Roma Tre University, Italy. Pierangelo Garegnani Harvey Gram, Queens College, City University of New York, USA. Enrico Sergio Levrero, Roma Tre University, Italy. Sergio Parrinello, Sapienza University of Rome, Italy. Massimo Pivetti, Sapienza University of Rome, Italy. Bertram Schefold, J. W. Goethe-Universität, Frankfurt , Germany. Antonella Stirati, Roma Tre University, Italy. Paolo Trabucchi, Roma Tre University, Italy.

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