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Piero Sraffa - Economist
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Piero Sraffa

Economist Italian 20th Century Post Keynesian Classical Revival Production Of Commodities

description Piero Sraffa Overview

Piero Sraffa (1898–1983) was an influential Italian economist who spent most of his career at the University of Cambridge. He is best known for his 1960 book, "Production of Commodities by Means of Commodities," which revived classical economics and mounted a rigorous critique of neoclassical capital theory. Sraffa also dedicated decades to editing the comprehensive works of the classical economist David Ricardo. His theoretical framework heavily influenced the Cambridge capital controversy and later post-Keynesian economics.

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Piero Sraffa ranks #173 of 253 in the Economist ranking, behind Robert Hall, ahead of Chad Syverson.

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What is Piero Sraffa's 1960 book about?

Sraffa's 1960 book, 'Production of Commodities by Means of Commodities,' mounted a rigorous mathematical critique of neoclassical economics. It successfully revived classical economics by demonstrating that prices could be determined by production costs independently of supply and demand.

Was Piero Sraffa friends with any famous philosophers?

Yes, Sraffa was a close friend and intellectual influence on the philosopher Ludwig Wittgenstein. Sraffa's famous gesture of brushing his nose with his fingers famously helped Wittgenstein realize the limitations of his early, rigid logical theories.

Where did Piero Sraffa spend most of his academic career?

The influential Italian economist spent the vast majority of his career at the University of Cambridge in the UK. He worked closely with, and heavily influenced, the famous economist John Maynard Keynes.

What was Piero Sraffa's role in editing David Ricardo's works?

Under the guidance of John Maynard Keynes, Sraffa dedicated decades of his life to editing the collected works of the classical economist David Ricardo. This monumental, multi-volume scholarly edition was published between 1951 and 1973.

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