Sraffa and the Reconstruction of Economic Theory: Volume Two

Aggregate Demand, Policy Analysis and Growth

  • Enrico Sergio Levrero
  • Antonella Palumbo
  • Antonella Stirati

Table of contents

  1. Front Matter
    Pages i-xii
  2. Introduction

    1. Antonella Palumbo
      Pages 1-12
  3. Demand-Led Growth in the Classical Approach

  4. Understanding the International Economic Order

  5. Back Matter
    Pages 273-299

About this book


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.


economic growth economic theory economics growth growth theory macroeconomics

Editors and affiliations

  • Enrico Sergio Levrero
  • Antonella Palumbo
    • 1
  • Antonella Stirati
    • 1
  1. 1.Roma Tre UniversityItaly

Bibliographic information