On the Compatibility between Keynes’s and Sraffa’s Viewpoints on Output Levels

  • Alessandro Roncaglia
Part of the The Jerome Levy Economics Institute Series book series (JLEI)

Abstract

This chapter is a tribute to the memory of Athanasios (Tom) Asimakopulos. Together with a great heritage of humanity, he left us important contributions in different fields of economics. I will consider here his ideas on Keynes and Sraffa, drawing both on his writings, especially Asimakopulos (1985, 1988, 1991, 1992) and on his participation in the Trieste School from 1981 to 1989.

Keywords

Income Librium Rium Stake OECD 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Asimakopulos, A. (1985), ‘Keynes and Sraffa: Visions and Perspectives’, Political Economy, Vol. 1 no. 2, pp. 33–50; reprinted in Bharadwaj, K. and Schefold, B., eds (1990), pp. 331–45.Google Scholar
  2. Asimakopulos, A. (1988), ‘Reply to Garegnani’s Comment’, Political Economy, Vol. 4 no. 2, pp. 259–62; reprinted in Bharadwaj, K. and Schefold, B., eds (1990), pp. 358–61.Google Scholar
  3. Asimakopulos, A. (1991), Keynes’s General Theory and Accumulation (Cambridge: Cambridge University Press).CrossRefGoogle Scholar
  4. Asimakopulos, A. (1992), ‘The Nature and Role of Equilibrium in Keynes’s General Theory’ in Sebastiani, M. ed., (1992a), pp. 1–12.Google Scholar
  5. Bharadwaj, K. and Schefold, B. (eds) (1990), Essays on Piero Sraffa (London: Unwin and Hyman).Google Scholar
  6. Davidson, P. (1978), Money and the Real World, 2nd edn (London: Macmillan).CrossRefGoogle Scholar
  7. Dunlop, J. T. (1938), ‘The Movement of Real and Money Wage Rates’, Economic Journal, Vol. 48, pp. 413–34.CrossRefGoogle Scholar
  8. Eatwell, J. (1983), ‘The Long-Period Theory of Employment’, Cambridge Journal of Economics, Vol. 7, pp. 269–85.CrossRefGoogle Scholar
  9. Garegnani, P. (1988), ‘Actual and Normal Magnitudes: A Comment on Asimakopulos’, Political Economy, Vol. 4 no. 2, pp. 251–8; reprinted in Bharadwaj, K. and Schefold, B., eds (1990), pp. 345–52.Google Scholar
  10. Harcourt, G. C. (1981), ‘Marshall, Sraffa and Keynes: Incompatible Bedfellows?’, Eastern Economic Journal, Vol. 7, pp. 39–50; reprinted in Harcourt, G. C. (1992), pp. 250–64.Google Scholar
  11. Harcourt, G. C. (ed.) (1985), Keynes and H is Contemporaries (London: Macmillan).Google Scholar
  12. Harcourt, G. C. (1992), On Political Economists and Modern Political Economy, ed. C. Sardoni (London: Routledge).Google Scholar
  13. Harcourt, G. C. and O’Shaughnessy, T. J. (1985), ‘Keynes’s Unemployment Equilibrium: Some Insights from Joan Robinson, Piero Sraffa and Richard Kahn’, in G. C. Harcourt, ed. (1985), pp. 3–41.Google Scholar
  14. Kalecki, M. (1938), ‘The Determinants of Distribution of the National Income’, Econometrica, April.Google Scholar
  15. Keynes, J. M. (1930), Treatise on Money (London: Macmillan).Google Scholar
  16. Keynes, J. M. (1936), The General Theory of Employment, Interest and Money (London: Macmillan).Google Scholar
  17. Keynes, J. M. (1939), ‘Relative Movements of Real Wages and Output’, Economic Journal, Vol. 49, pp. 34–51.CrossRefGoogle Scholar
  18. Kregel, J. A. (1976), ‘Economic Methodology in the Face of Uncertainty’, Economic Journal, Vol. 86, pp. 209–25.CrossRefGoogle Scholar
  19. Maddison, A. (1989), The World Economy in the 20th Century (Paris: OECD).Google Scholar
  20. Minsky, H. (1975), John Maynard Keynes (New York: Columbia University Press).Google Scholar
  21. Patinkin, D. (1992), ‘Note on Keynes’s Use of the Term “Equilibrium” in the General Theory’, in Sebastiani, M., ed. (1992a), pp. 18–31.Google Scholar
  22. Penrose, R. (1990), The Emperor’s New Mind (London: Vintage).Google Scholar
  23. Roncaglia, A. (1975), Sraffa e la teoria dei prezzi (Roma-Bari: Laterza); (page references are to the English transi., Sraffa and the Theory of Prices (New York: Wiley, 1978).Google Scholar
  24. Roncaglia, A. (1990a), ‘Is the Notion of Long-Period Positions Compatible with Classical Political Economy?’, Political Economy, Vol. 6 no. 1–2, pp. 103–11.Google Scholar
  25. Roncaglia, A. (1990b), ‘Comment’, in Bharadwaj, K. and Schefold, B., eds (1990), pp. 144–8.Google Scholar
  26. Sebastiani, M. (ed.) (1992a),The Notion of Equilibrium in the Keynesian Theory (London: Macmillan).Google Scholar
  27. Sebastiani, M. (1992a), ‘Keynes and Long-Period Positions’, in Sebastiani M., ed. (1992), pp. 61–73.Google Scholar
  28. Sraffa, P. (1920) L’infiazione monetaria in Italia durante e dopo la guerra (Milano: Scuola Tipografica Salesiana).Google Scholar
  29. Sraffa, P. (1960), Production of Commodities by Means of Commodities (Cambridge: Cambridge University Press).Google Scholar
  30. Sylos Labini, P. (1976), ‘Competition: the Product Markets’ in Skinner, A. S. and Wilson, T. (eds), The Market and the State (Oxford: Oxford University Press).Google Scholar
  31. Tarshis, L. (1939), ‘Changes in Real and Money Wages’, Economic Journal, Vol. 49, pp. 150–4.CrossRefGoogle Scholar
  32. Tonveronachi, M. (1983),J. M. Keynes. Dall’instabilità ciclica all’equilibrio di sottoccupazione (Roma: Nuova Italia Scientifica).Google Scholar
  33. Tonveronachi, M. (1992), ‘Keynes and Equilibrium: a Note’, in Sebastiani M., ed. (1992a), pp. 18–31.CrossRefGoogle Scholar
  34. Vicarelli, F. (1977), Keynes: l’instabilità del capitalisme (Milano: Etas libri); English transi., Keynes: The Instability of Capitalism (Philadelphia: University of Pennsylvania Press, 1984).Google Scholar

Copyright information

© the Jerome Levy Economics Institute 1995

Authors and Affiliations

  • Alessandro Roncaglia

There are no affiliations available

Personalised recommendations