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Piero Sraffa

Overview

Piero Sraffa FBA (5 August 1898 – 3 September 1983) was an influential Italian political economist who served as lecturer of economics at the University of Cambridge. His book Production of Commodities by Means of Commodities is taken as founding the neo-Ricardian school of economics.

Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).

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  1. At first sight the wealth of society under the capitalist system presents itself as an immense accumulation of commodities, its unit being a single commodity. But every commodity has a twofold aspect, that of _use value_ and _exchange value_.[2] A commodity is first of all, in the language of English economists, “any thing necessary, useful or pleasant in life,” an object of human wants, a means of existence in the…

    Karl Marx, A Contribution to the Critique of Political Economy

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  2. In such a state of things, the supply commonly exceeds the demand. In different states of society, in different states of improvement, therefore, such commodities will represent, or be equivalent, to very different quantities of labour. In every state of society, in every stage of improvement, corn is the production of human industry.

    Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations

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  3. Preface. Introductory. A Sketch Of The History Of Political Economy. Books For Consultation (From English, French, And German Authors). Preliminary Remarks. Book I. Production. Chapter I. Of The Requisites Of Production. § 1. The requisites of production. § 2.

    John Stuart Mill, Principles of Political Economy

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Philosophers who discussed Piero Sraffa

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Place in the tradition

Part of Analytic philosophy.

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