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Indeed, a full understanding of Sraffa’s contributions can be difficult, since these must be viewed as a complex whole, as part of an extremely ambitious cultural project: ‘to shunt the car of economic science’ in a direction opposite to that –the subjective theory of value –chosen by Jevons, one of the leading early exponents of the marginalist approach. Thus, with his writings Sraffa contributes to exposing the weak points in the theories of the leading exponents of the marginalist approach, from Alfred Marshall and Arthur Cecil Pigou to Friedrich von Hayek, and of their present-day followers, and at the same time re-proposes the classical approach of Adam Smith and David Ricardo . The work of reconstructing the classical approach is also coherent with elements of the Keynesian contribution. This connection is possibly the most important issue in the current debate concerning the road to be followed in going on with the work started by Sraffa. (en) |
