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Sraffa on non-self-replacing systems: a note

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  • Fabio Ravagnani
Abstract
In two passages of Production of Commodities, Sraffa states very concisely that the analysis presented also applies to viable economic systems in which the means of production consumed are not fully replaced. This aspect of the book has been nearly ignored for a long time, and, only in the last two decades have some scholars begun to discuss it in depth. These scholars, however, base their discussion on the terse references to non-self-replacing systems appearing in Sraffa’s published works—except for a single author, who also takes into account three brief passages drawn from Sraffa’s manuscripts. In the present note, we carry out instead an exhaustive examination of the unpublished manuscripts in order to ascertain as accurately as possible what exactly Sraffa’s position was concerning the nature and relevance of non-self-replacing systems. In the light of this examination, we briefly comment in the final section on some debatable aspects of current renditions of Sraffa’s theory.

Suggested Citation

  • Fabio Ravagnani, 2020. "Sraffa on non-self-replacing systems: a note," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 44(4), pages 943-952.
    • Handle: RePEc:oup:cambje:v:44:y:2020:i:4:p:943-952.
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    File URL: http://hdl.handle.net/10.1093/cje/beaa010
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    References listed on IDEAS

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    1. Enrico Bellino, 2018. "Viability, reproducibility and returns in production price systems," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(3), pages 845-861, December.
    2. Ajit Sinha, 2016. "A Revolution in Economic Theory," Springer Books, Springer, number 978-3-319-30616-2, June.
    3. Guglielmo Chiodi, 1998. "On Non-self-replacing States," Metroeconomica, Wiley Blackwell, vol. 49(1), pages 97-107, February.
    4. Enrico Sergio Levrero, 2019. "On Sinha’s View of Sraffa’s Revolution in Economic Theory: A Review Essay," Review of Political Economy, Taylor & Francis Journals, vol. 31(1), pages 115-123, January.
    5. Fabio Ravagnani, 2001. "Notes on a Mischaracterization of the Classical Theory of Value," Review of Political Economy, Taylor & Francis Journals, vol. 13(3), pages 355-363.
    6. Christian Gehrke & Heinz D. Kurz, 2006. "Sraffa on von Bortkiewicz: Reconstructing the Classical Theory of Value and Distribution," History of Political Economy, Duke University Press, vol. 38(1), pages 91-149, Spring.
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    More about this item

    Keywords

    Sraffa; Production systems; Modern classical approach;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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