So a friend asked what to read in order to understand Sraffa's contributions to economics. For some reason the Production of Commodities by Means of Commodities is considered a very difficult book to read. I find that a strange argument. It is similar to the notion that the General Theory is a badly written book, as in difficult to follow (not necessarily the content, but the style), since supposedly Keynes was not a good writer (he actually was a bestseller author, at least his Economic Consequences of the Peace, and a prolific writer for the general public, meaning clear and popular).
Sraffa's book explains in plain English most of the essential concepts in his book. I would suggest the reading Part I as one that can be taken without any problem for those with some basic training in linear algebra. In addition, below I'm posting the links to 7 previous posts on Sraffa's contributions to economics, which might be helpful for some.
If I had to suggest books to read on Sraffa's contributions, I would say that Pasinetti's Lectures on Theory of Production, and Kurz and Salvadori's Theory of Production are the essential books. For a more macroeconomic oriented book the one would be Bortis' Institutions, Behaviour and Economic Theory.
Sraffa's book explains in plain English most of the essential concepts in his book. I would suggest the reading Part I as one that can be taken without any problem for those with some basic training in linear algebra. In addition, below I'm posting the links to 7 previous posts on Sraffa's contributions to economics, which might be helpful for some.
- Sraffa and the Marshallian System
- Sraffa, Marx and the Labor Theory of Value (LTV)
- Sraffa, Ricardo and Marx
- The Standard Commodity and the LTV
- The Capital Debates
- Microfoundations of Macroeconomics and the Capital Debates
- Free Trade and the Capital Debates
If I had to suggest books to read on Sraffa's contributions, I would say that Pasinetti's Lectures on Theory of Production, and Kurz and Salvadori's Theory of Production are the essential books. For a more macroeconomic oriented book the one would be Bortis' Institutions, Behaviour and Economic Theory.
Hi Matias, that's a very nice post and makes it a lot easier to reach those old posts.
ReplyDeleteIn order not to comment on a 3 years old post, I'll do it here. Don't you think that using "full-cost" and "mark-up" in your 6th point you may confuse people that are not familiar with the sraffian literature? What I mean is the confusion that Franklin pointed out in his post about normal prices and full-cost pricing.
I believe that this is a minor thing, since it is not impossible to reconcile those two traditions.. however, it may give rise to this kind of problem.