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Introduction

  • Antonella Palumbo
Chapter
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Abstract

One of the fields of research to which the modern revival of the surplus approach has devoted much attention, in the fifty years following Sraffa’s Production of Commodities by Means of Commodities, is the theory of output and the analysis of the processes of growth and development in capitalist economies. Although no explicit theorisation about the determinants of output levels is to be found in Sraffa’s work, the revival of the classical approach to value and distribution and the critique of neoclassical theory prompted by his work, as shown in Garegnani’s (1978–79) seminal contribution, have relevant implications for the analysis of output.

Keywords

Public Debt Capacity Utilisation Neoclassical Theory Effective Demand International Economic Order 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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  • Antonella Palumbo

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