- Piero Sraffa
color = #B0C4DE
name = Piero Sraffa
birth = birth date|1898|8|5
death = death date and age|1983|9|3|1898|8|5
nationality = flag|Italy
David Ricardo, Luigi Einaudi
Michał Kalecki, Joan Robinson, Pierangelo Garegnani, John Eatwell
Piero Sraffa (1898-1983) was an influential Italian
economistwhose book "Production of Commodities by Means of Commodities" is taken as founding the Neo-Ricardian schoolof Economics.
He was born in
Turin, Italy, to a wealthy Jewish family, to Angelo and Irma Sraffa. [cite book
title=Piero Sraffa, Unorthodox Economist (1898-1983): A Biographical Essay (1898-1983 : a Biographical Essay)
url=http://www.amazon.com/gp/reader/0415059593/ref=sib_fs_top?ie=UTF8&p=S00E&checkSum=8fY3bILg1RprQTrG157uSRuZF%2Bwa8dIsvSKfM%2Fy0Eyo%3D#reader-link] His father was a Professor in
commercial law. He studied in his town and graduated at the local universitywith a work on inflationin Italy during and after World War I. Notably, his tutor was Luigi Einaudi, one of the most important Italian economists and later a president of the Italian Republic.
From 1921 to 1922 he studied in
Londonat the London School of Economics. In 1922 he was appointed as Director of the provincial labour department in Milan, then as Professor in Political economyfirst in Perugia, and later in Cagliari, Sardinia. In Turin he had met Antonio Gramsci(the most important leader of Italian Communist Party). They became close friends, partly due to their shared ideological views—Sraffa was at this time a radical Marxist. He also was already in contact with Filippo Turati, perhaps the most important leader of Italian Socialist Party, whom he allegedly met and frequently visited in Rapallo, where his family had a holiday villa.
In 1925 he wrote about returns to scale and perfect competition, underlining some doubtful points of
Alfred Marshall's theory of the firm. This work was completed in an article he published the following year.
In 1927, his as yet undiscussed theory of value, but also his risky political ideas and his compromising friendship with Gramsci (who had already been imprisoned by the fascists —notably, Sraffa had brought him the materials, literally pens and paper, with which Gramsci would write his "
Prison Notebooks"), brought John Maynard Keynesto prudentially invite Sraffa to the University of Cambridge, where he was initially assigned a lectureship. After a few years, Keynes created ex novo for him the charge of Marshall Librarian. Sraffa joined the so-called " cafeteria group", together with Frank P. Ramseyand Ludwig Wittgenstein, a sort of informal club that discussed Keynes's theory of probability and Friedrich Hayek's theory on business cycles.
Ricardo's works and correspondence
In the following years, also on Keynes's initiative, the
Royal Economic Societyhanded over the task of editing a new collected edition of David Ricardo's works over to him. Sraffa's painstaking and meticulous collecting and editing of Ricardo's works, begun in 1931, turned out to be a 20-year task. Although already in the printers in 1943, the edition was delayed after the last-minute discovery of a trunk full of Ricardo's papers in Ireland. Publication finally began (after Maurice Dobbbecame co–editor) in 1953. It was a formidable edition. As George Stiglerwas to put it later in his review, "Ricardo was a fortunate man... And now, 130 years after his death, he is as fortunate as ever: he has been befriended by Sraffa." (Stigler, 1953). Sraffa's introduction to the works was perhaps one of the most remarkable interpretations of the tenets of Classical and Neoclassical theory in the history of economic thought. John Eatwellwrote of Sraffa's work on Ricardo:"His reconstruction of Ricardo's surplus theory, presented in but a few pages of the introduction to his edition of Ricardo's "Principles", penetrated a hundred years of misunderstanding and distortion to create a vivid rationale for the structure and content of surplus theory, for the analytical role of the labor theory of value, and hence for the foundations of Marx's critical analysis of capitalist production". (Eatwell 1984)
Sraffa's "Production of Commodities by Means of Commodities" was an attempt to perfect Classical Economics' theory of value, as originally developed by
David Ricardoand others. He aimed to demonstrate flaws in the mainstream neoclassical theory of value and develop an alternative analysis. In particular, Sraffa's technique of aggregating capital as dated inputs of labour led to a famous scholarly debate known as the Cambridge capital controversy.
Economists disagree on whether Sraffa's work refutes neoclassical economics. Many post-Keynesian economists use Sraffa's critique as justification for abandoning neoclassical analysis and exploring other models of economic behavior. Others see his work as compatible with neoclassical economics, as developed in modern
general equilibriummodels. Nonetheless, Sraffa's work, particularly his interpretation of Ricardo and his "Production of Commodities by Means of Commodities", is seen as the starting point of the Neo-Ricardian schoolin the 1960s.
Norman Malcolmfamously credits Sraffa with providing Ludwig Wittgensteinwith the conceptual break that founded the Philosophical Investigations, by means of a rude gesture on Sraffa's part:cite book | title=Ludwig Wittgenstein: A Memoir | pages=58-59 | url=http://eh.net/lists/archives/hes/sep-1999/0034.php | author=Norman Malcolm]
Wittgenstein was insisting that a proposition and that which it describes must have the same 'logical form', the same 'logical multiplicity', Sraffa made a gesture, familiar to Neapolitans as meaning something like disgust or contempt, of brushing the underneath of his chin with an outward sweep of the finger-tips of one hand. And he asked: 'What is the logical form of that?'
Sraffa was described as a very intelligent man, with a proverbial shyness and a real devotion for study and books. His famous library contained more than 8,000 volumes, now partly in the Trinity College Library. A popular anecdote claims that Sraffa made successful long-term investments in Japanese government bonds that he bought the day after the nuclear bombing on Hiroshima and Nagasaki. [http://cepa.newschool.edu/het/profiles/sraffa.htm Profile of Sraffa at The New School] ]
* Sraffa, Piero 1926, "The Laws of Returns under Competitive Conditions", Economic Journal, 36, pp. 535-50. [http://18.104.22.168/scholar?hl=en&lr=&q=cache:au_etbT_eoMJ:ecocritique.free.fr/sraffa26.pdf+%22Laws+of+Returns+under+Competitive+Conditions%22+%22Economic+Journal%22+1926 HTML copy.]
* Sraffa, Piero 1960, "Production of Commodities by Means of Commodities: Prelude to a Critique of Economic Theory". Cambridge University Press.
* John Eatwell and Carlo Panico (1987). "Sraffa, Piero." "The ", v. 3, pp. 445-52.
* John Eatwell (1984). "Piero Sraffa: Seminal Economic Theorist." "Science and Society" 48(2): 211-216.
* Paul A. Samuelson (1987). "Sraffian economics." "The ", v. 3, pp. 452-60.
* _____ (2008). "Sraffian economics." "
The New Palgrave Dictionary of Economics" 2nd Edition. [http://www.dictionaryofeconomics.com/article?id=pde2008_S000220&q=Sraffian%20economics&topicid=&result_number=2v Abstract.]
* Piero Sraffa and M.H. Dobb, editors (1951-1973). "The Works and Correspondence of David Ricardo". Cambridge University Press, 11 volumes.
* [http://rabbit.trin.cam.ac.uk/~jon/Msscolls/Sraffa.html Piero Sraffa Archives homepage] at Trinity College, Cambridge. Contains an online catalogue of Sraffa's personal and professional papers.
Wikimedia Foundation. 2010.
Look at other dictionaries:
Piero Sraffa — Saltar a navegación, búsqueda Piero Sraffa (Turín, 5 de agosto de 1898 Cambridge, Inglaterra, 1983) fue un importante economista y fundador de la escuela Neo Ricardiana. Contenido 1 Formación 2 Traslado a Cambridge … Wikipedia Español
Piero Sraffa — (* 5. August 1898 in Turin; † 3. September 1983 in Cambridge, Großbritannien) war ein italienischer Wirtschaftswissenschaftler. Inhaltsverzeichnis 1 Theorie 2 Sraffa und Ricardo 3 … Deutsch Wikipedia
Piero Sraffa — est né en 1898 à Turin et mort en 1983 à Cambridge. Considéré comme un théoricien majeur du XXe siècle, cet économiste italien a analysé les insuffisances de la théorie néoclassique et réhabilité des auteurs comme Karl Marx et David Ricardo. Il… … Wikipédia en Français
Sraffa — Piero Sraffa (* 5. August 1898 in Turin; † 3. September 1983 in Cambridge, Großbritannien) war ein italienischer Wirtschaftswissenschaftler. Inhaltsverzeichnis 1 Theorie 2 Sraffa und Ricardo 3 … Deutsch Wikipedia
SRAFFA (P.) — SRAFFA PIERO (1898 1983) Après des études à l’université de Turin, l’économiste Piero Sraffa a enseigné à Cagliari; il fut professeur et directeur de recherches à Trinity College et à l’université de Cambridge. Il a préparé l’édition complète des … Encyclopédie Universelle
SRAFFA, PIERO — (1898–1983), British economist. Sraffa was born in Turin, Italy, the son of a professor of law. He became a professor of economics at the University of Caligari, Sardinia, at the age of 28 but was forced to flee to Britain the following year… … Encyclopedia of Judaism
Sraffa — [ zraffa], Piero (Pietro), italienisch britischer Volkswirtschaftler, * Turin 5. 8. 1898, ✝ Cambridge 3. 9. 1983; 1926 38 Professor in Cagliari, ab 1939 in Cambridge; einer der Begründer der modernen Marktformenlehre, Kritiker der subjektiven… … Universal-Lexikon
Sraffa, Piero — (1898–1983) An extremely influential economist who was a close friend of both John Maynard Keynes and Ludwig Wittgenstein, Sraffa was born in Turin to an academic family. After taking a degree in economics under the supervision of Luigi… … Historical Dictionary of modern Italy
Pierro Sraffa — Piero Sraffa (* 5. August 1898 in Turin; † 3. September 1983 in Cambridge, Großbritannien) war ein italienischer Wirtschaftswissenschaftler. Inhaltsverzeichnis 1 Theorie 2 Sraffa und Ricardo 3 … Deutsch Wikipedia
Luigi Pasinetti — «Pasinetti» redirige aquí. Para otras acepciones, véase Pasinetti (desambiguación). Luigi Pasinetti. Luigi L. Pasinetti (12 de Septiembre de 1930) es un economista italiano de la escuela de economía postkeynesiana. Pasinetti es considerado el… … Wikipedia Español