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The Trade-Off between Rigor and Relevance: Sraffian Economics as a Case in Point
Ist Teil von
History of political economy, 2009-07, Vol.41 (2), p.219-247
Ort / Verlag
Durham: Duke University Press
Erscheinungsjahr
2009
Link zum Volltext
Quelle
EBSCOhost Business Source Ultimate
Beschreibungen/Notizen
Piero Sraffa published
in 1960, and this enigmatic little book invited explanations of its meaning, particularly as its subtitle,
, held out hopes of an ambitious research program. In the almost half-century since its publication, it has attracted a small following, particularly in Europe, but it has failed to make much of an impact on American academic economics. This is odd because Sraffian economics in many ways satisfies the relentless concern of mainstream American economics with mathematical rigor. As a species of general equilibrium theory, Sraffian economics is indeed rigoros but it appears to be irrelevant to the sort of issues that concern modern economists.