Sraffian Economics

New School for Social Research: Economics

Liberal Arts

Graduate Course

Degree Students (with Restrictions)

Sraffian Economics

Fall 2018

Taught By: Gary Mongiovi

Section: A

CRN: 7433

Credits: 3

This course will survey the theoretical tradition associated with the work of Piero Sraffa. At two important junctures in the twentieth century Sraffa severely ruffled the composure of neoclassical orthodoxy―first in his early critique of the Marshallian treatment of supply and then in his 1960 book Production of Commodities by Means of Commodities, which provided the basis for a capital-theoretic critique of the neoclassical theory of distribution. In the 1930s he dealt a serious blow to Hayek’s Austrian trade-cycle theory and participated in the discussions at Cambridge that influenced Keynes’s drafting of The General Theory. Sraffa’s reputation as a razor-sharp critic has overshadowed the constructive project to which he devoted his life ― the revival of classical political economy. Sraffa’s work suggests that progress in economics requires the recovery and resuscitation of the classical political economy tradition of Smith and Ricardo. The course will examine Sraffa’s contributions and the rich body of critical and constructive work they inspired. Among the topics covered will be the implications of Sraffa’s analytical outlook for macroeconomics and growth theory, the capital critique, the relation between Sraffian and Marxian economics, and the policy implications of Sraffian economics.

College: New School for Social Research (GF)

Department: Economics (GECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Max Enrollment: 20

Enrollment Status: Open*

*Enrollment status information is updated every five minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 8:21pm 12/10/2018

Meeting Info:

Days: Tuesday

Times: 6:00pm - 7:50pm

Building: 6 East 16th Street

Room: 906

Date Range: 8/28/2018 - 12/11/2018