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Sraffa and the Reconstruction of Economic Theory: Volume Two - Aggregate Demand, Policy Analysis and Growth (Paperback, 1st ed. 2013)
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Sraffa and the Reconstruction of Economic Theory: Volume Two - Aggregate Demand, Policy Analysis and Growth (Paperback, 1st ed. 2013)
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Written on the occasion of the 50th anniversary of the publication
of Piero Sraffa's Production of Commodities by Means of
Commodities, the papers selected and contained in Sraffa and the
Reconstruction of Economic Theory account for the work completed
around the two central aspects of his contribution to economic
analysis, namely the criticism of the neoclassical (or marginalist)
theory of value and distribution, and the reconstruction of
economic theory along the lines of the Classical approach. Divided
into three volumes, Sraffa and the Reconstruction of Economic
Theory debates the most fruitful routes for advancement in this
field and their implications for applied and policy analysis. This
second volume focuses on the theory of output and growth as
developed in the modern classical approach on the basis of the
extension to the long run of the Keynesian principle of effective
demand, and on the implications of the revival of the classical
approach for policy analysis and for understanding the evolution of
the international economic order in the last few decades.
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