The Classical Surplus Critique of Neoclassical Economics

Cuadernos de Economía, Vol. 27, No. 49, 2008

37 Pages Posted: 1 Jan 2010

Date Written: December 30, 2008

Abstract

This paper briefly outlines some characteristics of the Sraffian critique of Neoclassical economic theory. The main goal is to highlight some important issues related to theoretical and logical errors of the mainstream theory, such as those arising from the debate over the theory of capital in Sraffa (1960), capital reversing, and re-switching techniques. The critique is not limited to the traditional neoclassical positions before 1939 (Hicks, “Value and Capital”), but also extends to the contemporary versions of general equilibrium à la Arrow-Debreu.

Note: The downloadable document is in Spanish.

Keywords: Sraffa, return, capital

JEL Classification: B59, D33, D59, D99, A20

Suggested Citation

Fiorito, Alejandro, The Classical Surplus Critique of Neoclassical Economics (December 30, 2008). Cuadernos de Economía, Vol. 27, No. 49, 2008. Available at SSRN: https://ssrn.com/abstract=1529800

Alejandro Fiorito (Contact Author)

Universidad Nacional de Luján ( email )

Ruta 5 y Avenida Constitución
Buenos Aires, Buenos Aires 6700
Argentina

HOME PAGE: http://www.unlu.edu.ar/

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