Garegnani’s surplus equation and Marx’s falling rate of profits

Nuno Ornelas Martins*

*Autor correspondente para este trabalho

Resultado de pesquisarevisão de pares

2 Citações (Scopus)

Resumo

Here I shall argue that Pierangelo Garegnani’s surplus equation can help in understanding the relationship between Piero Sraffa’s economic system and Karl Marx’s idea of a tendency for the rate of profits to fall. Garegnani’s surplus equation enables us to understand Marx’s analysis of the composition of capital in the context of Sraffa’s system, in order to identify the tendency for the rate of profits to fall, and the countervailing tendencies that act against it. This analysis is in line with Garegnani’s own view that the perspectives of Marx and Sraffa are best seen as complementary approaches, rather than opposed ones.
Idioma originalEnglish
Título da publicação do anfitriãoA reflection on Sraffa’s revolution in economic theory
EditoresAjit Sinha
EditoraPalgrave Macmillan
Páginas289-327
Número de páginas39
ISBN (eletrónico)9783030472061
DOIs
Estado da publicaçãoPublicado - 3 jun 2021

Série de publicação

NomePalgrave Studies in the History of Economic Thought
ISSN (impresso)2662-6578
ISSN (eletrónico)2662-6586

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