MACMILLAN Sraffa and the Reconstruction of Economic Theory: Volume Two: Aggregate Demand, Policy Analysis and Growth: 2

Product Description Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's Production of Commodities by Means of Commodities, the papers selected and contained in Sraffa and the Reconstruction of Economic Theory account for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or marginalist) theory of value and distribution, and the reconstruction of economic theory along the lines of the Classical approach. Divided into three volumes, Sraffa and the Reconstruction of Economic Theory debates the most fruitful routes for advancement in this field and their implications for applied and policy analysis. This second volume focuses on the theory of output and growth as developed in the modern classical approach on the basis of the extension to the long run of the Keynesian principle of effective demand, and on the implications of the revival of the classical approach for policy analysis and for understanding the evolution of the international economic order in the last few decades. About the Author Carlos Aguiar de Medeiros, IE, Federal University of Rio de Janeiro, Brazil Sergio Cesaratto, University of Siena, Italy Roberto Ciccone, Roma Tre University, Italy Óscar Dejuán, University of Castilla La Mancha, Spain Esther Dweck, IE, Federal University of Rio de Janeiro, Brazil Fabio N. P. de Freitas, IE, Federal University of Rio de Janeiro, Brazil Paolo Leon, Roma Tre University, Italy Antonella Palumbo, Roma Tre University, Italy Fabio Petri, University of Siena, Italy Franklin Serrano, IE, IE, Federal University of Rio de Janeiro, Brazil Matthew Smith, University of Sydney, Australia Attilio Trezzini, Roma Tre University, Italy