Pierangelo Garegnani
Biographic Data
| ID | 453082 |
|---|---|
| NAME | Pierangelo Garegnani |
| GIVEN NAMES | Pierangelo |
| FAMILY NAME | Garegnani |
| SIGNATURE | GAREGNANI P |
| AFFILIATIONS | Roma Tre University |
| VERIFIED | No |
| TOTAL WORKS | 21 |
| TOTAL CITATIONS | 27 |
| AUTHOR COUNT | 21 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1970 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 4 |
Capital Theory, the Surplus Approach, and Effective Demand: An Alternative Framework for the Analysis of Value, Distribution and Output Levels
The Classical Theory of Wages and the Role of Demand Schedules in the Determination of Relative Prices
On the Labour Theory of Value in Marx and in the Marxist Tradition
This article is related to:Introduction to 'On the Labour Theory of Value in Marx and the Marxist Tradition
The Problem of Effective Demand in Italian Economic Development: On the Factors that Determine the Volume of Investment
I – Introduction: the relation between saving and investment in the short period and the long period; II – The principle of the independence of private investment from saving in a long-per
On the Present State of the Capital Controversy
The post-war capital controversy seems to have had two distinguishable stages. Thanks to the unambiguous phenomena of reswitching and reverse capital deepening, the first stage was conclusive in discarding from pure theory the traditional versions of neoclassical theory that relied on the notion of capital as a single quantity. Subsequently, however, when the implications of those phenomena took centre stage in the controversy, together with the …
On Blaug Ten Years Later
Ten years on, Professor Blaug has returned to a subject on which his 1999 article, "Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach," stirred up lively debate. The subject is, as he puts it, "Sraffian economics," and his 2009 paper is a "new version of an earlier effort [that] extends and hopefully deepens the argument." The themes of his criticism of what we may call the "classical revival" opened up by …
Cycles and Growth: A Source of Demand-Driven Endogenous Growth
This paper moves in a theoretical context in which the level of economic activity is dependent on aggregate demand in both the long and the short period. It shows that given two simple hypotheses, the economy will exhibit a tendency to grow independently of any increase in the average level of ongoing investment (or any other type of 'autonomous' demand) over time. The two hypotheses are (a) that investment oscillates over time and (b) that the c…
On Walras's Theory of Capital (Provisional Draft 1962)
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Professor Samuelson on Sraffa and the classical economists
In this article, part of an ongoing discussion, Samuelson (2000) is taken as the occasion for a critical examination of Samuelson's work on the classical economists and Sraffa, a subject of continuing interest for that author, especially after Sraffa (1960). The article argues for the existence in Smith and Ricardo of an alternative approach to distribution and prices, and it aims at a critique of Samuelson's contention that 'Smith, Ricardo and J…
Professor Foley and Classical Policy Analysis
1. I must first of all say that I welcome Professor Foley's well-informed views and stimulating comments on what I have elsewhere called ‘the theoretical world of the old classical economists.’ I w
On a turning point in Sraffa's theoretical and interpretative position in the late 1920s
Sraffa's notes titled ‘Summer 1927’ (D3/12/3, Trinity Catalogue) presumably written while preparing for the lectures on the theory of value he intended to hold in Cambridge that autumn, when examined jointly with the lectures in fact delivered in 1928–31 and other manuscripts from the period make it possible to identify an important change occurring in those months in his theoretical position and in his interpretation of Ricardo and the Classical…
Misunderstanding Classical Economics? A Reply to Blaug
From Professor Blaug's 1999 article (unspecified page references are to it) there emerges the paradox that an interpretation pointing to the basic role of institutional and historical factors in the classical theory of dis-tribution and capital accumulation is criticized as "amazingly narrow" (215), one that looks at those economists ‚‘“through the lenses of the lin-ear production model’ ” (234). Further, the contrast between the seeming narrowne…
Revisionist findings on Sraffa
Piero Sraffa was a great economist whom I remember with warm admiration. He wrote too little, which is our loss. His reputation tends to get tied up with ideological jockeyings within our profession. Perhaps this is inevitable but I regret it – for, ideology aside, mainstream economists of the mathematical or literary persuasion can benefit much from Sraffa's contributions and also from the problems that his works pose for further investigations.
Sraffa: The theoretical world of the ‘old classical economists’
Sraffa's mature work is seen here as a re-discovery and resumption of the 'submerged and forgotten' approach of the 'old classical economists from Adam Smith to Ricardo'. Wages determined by broad economic and social forces entail there product prices determined independently of demand and supply functions. Some main questions raised for the modern economists by this radical reorientation of economic theory are then considered in order to conclud…
Magic Formulas and Arsenic Powder
I would like to begin with a few reflections on the article in which Claudio Napoleoni reproduced the report he gave at the conference in Modena (Rinascita, no. 8 [1979]; translated in this issue); after which I shall go on to examine Marx's distinction between abstract and concrete labor brought up by some speakers; and then finally I shall venture a reply to my critics. The article by Claudio Napoleoni seems to me a good example of what I said …
Some Notes on Capital, Expectations and the Analysis of Changes
When I was asked to contribute to this volume I thought that the following work, done back in 1976 as part of a discussion with Joan Robinson, might be of some interest to a wider public. It is presented here in the spirit of the kind of commemoration she would have preferred — a discussion of her work in order to further the construction of a more satisfactory economic theory: the aim she single-mindedly pursued in her work, earning the respect …
Surplus Approach to Value and Distribution
When we look back over two centuries of economic analysis we find that we can distinguish two successive approaches to the theory of distribution and relative prices. The modern approach was preceded by one which had at its centre a notion of ‘social surplus’. This earlier ‘classical’ or ‘surplus’ approach, as it has been called, had its beginnings with writers like William Petty and Richard Cantillon, found its first systematic expression in Que…
Value and Distribution in the Classical Economists and Marx 1
P. GAREGNANI; VALUE AND DISTRIBUTION IN THE CLASSICAL ECONOMISTS AND MARX 1, Oxford Economic Papers, Volume 36, Issue 2, 1 June 1984, Pages 291–325, https://doi
On Hollander's interpretation of Ricardo's early theory of profits
Sraffa’s Revival of Marxist Economic Theory
Heterogeneous Capital, the Production Function and the Theory of Distribution
P. Garegnani; Heterogeneous Capital, the Production Function and the Theory of Distribution12, The Review of Economic Studies, Volume 37, Issue 3, 1 July 1970
The Problem of Effective Demand in Italian Economic Development: On the Factors that Determine the Volume of Investment
I – Introduction: the relation between saving and investment in the short period and the long period; II – The principle of the independence of private investment from saving in a long-per
Cycles and Growth: A Source of Demand-Driven Endogenous Growth
This paper moves in a theoretical context in which the level of economic activity is dependent on aggregate demand in both the long and the short period. It shows that given two simple hypotheses, the economy will exhibit a tendency to grow independently of any increase in the average level of ongoing investment (or any other type of 'autonomous' demand) over time. The two hypotheses are (a) that investment oscillates over time and (b) that the c…
Misunderstanding Classical Economics? A Reply to Blaug
From Professor Blaug's 1999 article (unspecified page references are to it) there emerges the paradox that an interpretation pointing to the basic role of institutional and historical factors in the classical theory of dis-tribution and capital accumulation is criticized as "amazingly narrow" (215), one that looks at those economists ‚‘“through the lenses of the lin-ear production model’ ” (234). Further, the contrast between the seeming narrowne…
On the Labour Theory of Value in Marx and in the Marxist Tradition
This article is related to:Introduction to 'On the Labour Theory of Value in Marx and the Marxist Tradition
Professor Foley and Classical Policy Analysis
1. I must first of all say that I welcome Professor Foley's well-informed views and stimulating comments on what I have elsewhere called ‘the theoretical world of the old classical economists.’ I w
On Blaug Ten Years Later
Ten years on, Professor Blaug has returned to a subject on which his 1999 article, "Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach," stirred up lively debate. The subject is, as he puts it, "Sraffian economics," and his 2009 paper is a "new version of an earlier effort [that] extends and hopefully deepens the argument." The themes of his criticism of what we may call the "classical revival" opened up by …
Heterogeneous Capital, the Production Function and the Theory of Distribution
P. Garegnani; Heterogeneous Capital, the Production Function and the Theory of Distribution12, The Review of Economic Studies, Volume 37, Issue 3, 1 July 1970
Sraffa’s Revival of Marxist Economic Theory
On Hollander's interpretation of Ricardo's early theory of profits
Value and Distribution in the Classical Economists and Marx 1
P. GAREGNANI; VALUE AND DISTRIBUTION IN THE CLASSICAL ECONOMISTS AND MARX 1, Oxford Economic Papers, Volume 36, Issue 2, 1 June 1984, Pages 291–325, https://doi
Surplus Approach to Value and Distribution
When we look back over two centuries of economic analysis we find that we can distinguish two successive approaches to the theory of distribution and relative prices. The modern approach was preceded by one which had at its centre a notion of ‘social surplus’. This earlier ‘classical’ or ‘surplus’ approach, as it has been called, had its beginnings with writers like William Petty and Richard Cantillon, found its first systematic expression in Que…
Some Notes on Capital, Expectations and the Analysis of Changes
When I was asked to contribute to this volume I thought that the following work, done back in 1976 as part of a discussion with Joan Robinson, might be of some interest to a wider public. It is presented here in the spirit of the kind of commemoration she would have preferred — a discussion of her work in order to further the construction of a more satisfactory economic theory: the aim she single-mindedly pursued in her work, earning the respect …
Sraffa: The theoretical world of the ‘old classical economists’
Sraffa's mature work is seen here as a re-discovery and resumption of the 'submerged and forgotten' approach of the 'old classical economists from Adam Smith to Ricardo'. Wages determined by broad economic and social forces entail there product prices determined independently of demand and supply functions. Some main questions raised for the modern economists by this radical reorientation of economic theory are then considered in order to conclud…
Magic Formulas and Arsenic Powder
I would like to begin with a few reflections on the article in which Claudio Napoleoni reproduced the report he gave at the conference in Modena (Rinascita, no. 8 [1979]; translated in this issue); after which I shall go on to examine Marx's distinction between abstract and concrete labor brought up by some speakers; and then finally I shall venture a reply to my critics. The article by Claudio Napoleoni seems to me a good example of what I said …
Revisionist findings on Sraffa
Piero Sraffa was a great economist whom I remember with warm admiration. He wrote too little, which is our loss. His reputation tends to get tied up with ideological jockeyings within our profession. Perhaps this is inevitable but I regret it – for, ideology aside, mainstream economists of the mathematical or literary persuasion can benefit much from Sraffa's contributions and also from the problems that his works pose for further investigations.
Misunderstanding Classical Economics? A Reply to Blaug
From Professor Blaug's 1999 article (unspecified page references are to it) there emerges the paradox that an interpretation pointing to the basic role of institutional and historical factors in the classical theory of dis-tribution and capital accumulation is criticized as "amazingly narrow" (215), one that looks at those economists ‚‘“through the lenses of the lin-ear production model’ ” (234). Further, the contrast between the seeming narrowne…
On a turning point in Sraffa's theoretical and interpretative position in the late 1920s
Sraffa's notes titled ‘Summer 1927’ (D3/12/3, Trinity Catalogue) presumably written while preparing for the lectures on the theory of value he intended to hold in Cambridge that autumn, when examined jointly with the lectures in fact delivered in 1928–31 and other manuscripts from the period make it possible to identify an important change occurring in those months in his theoretical position and in his interpretation of Ricardo and the Classical…
Professor Samuelson on Sraffa and the classical economists
In this article, part of an ongoing discussion, Samuelson (2000) is taken as the occasion for a critical examination of Samuelson's work on the classical economists and Sraffa, a subject of continuing interest for that author, especially after Sraffa (1960). The article argues for the existence in Smith and Ricardo of an alternative approach to distribution and prices, and it aims at a critique of Samuelson's contention that 'Smith, Ricardo and J…
Professor Foley and Classical Policy Analysis
1. I must first of all say that I welcome Professor Foley's well-informed views and stimulating comments on what I have elsewhere called ‘the theoretical world of the old classical economists.’ I w
On Walras's Theory of Capital (Provisional Draft 1962)
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Cycles and Growth: A Source of Demand-Driven Endogenous Growth
This paper moves in a theoretical context in which the level of economic activity is dependent on aggregate demand in both the long and the short period. It shows that given two simple hypotheses, the economy will exhibit a tendency to grow independently of any increase in the average level of ongoing investment (or any other type of 'autonomous' demand) over time. The two hypotheses are (a) that investment oscillates over time and (b) that the c…
On Blaug Ten Years Later
Ten years on, Professor Blaug has returned to a subject on which his 1999 article, "Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach," stirred up lively debate. The subject is, as he puts it, "Sraffian economics," and his 2009 paper is a "new version of an earlier effort [that] extends and hopefully deepens the argument." The themes of his criticism of what we may call the "classical revival" opened up by …
On the Present State of the Capital Controversy
The post-war capital controversy seems to have had two distinguishable stages. Thanks to the unambiguous phenomena of reswitching and reverse capital deepening, the first stage was conclusive in discarding from pure theory the traditional versions of neoclassical theory that relied on the notion of capital as a single quantity. Subsequently, however, when the implications of those phenomena took centre stage in the controversy, together with the …
The Problem of Effective Demand in Italian Economic Development: On the Factors that Determine the Volume of Investment
I – Introduction: the relation between saving and investment in the short period and the long period; II – The principle of the independence of private investment from saving in a long-per
On the Labour Theory of Value in Marx and in the Marxist Tradition
This article is related to:Introduction to 'On the Labour Theory of Value in Marx and the Marxist Tradition
Capital Theory, the Surplus Approach, and Effective Demand: An Alternative Framework for the Analysis of Value, Distribution and Output Levels
The Classical Theory of Wages and the Role of Demand Schedules in the Determination of Relative Prices
Economics (19 works) · Economic Theory and Policy (18 works) · Economic Theory and Institutions (17 works) · Political Economy and Marxism (17 works) · Neoclassical economics (13 works) · Positive economics (10 works) · Mathematics (9 works) · Mathematical economics (8 works) · Philosophy (8 works) · Law (7 works)