The paper throws some new light on Sraffa's contribution, using material from his yet unpublished papers. Attention focuses on Sraffa's rediscovery of the distinct character of the classical theory of value and distribution and his refutation of the Marshallian interpretation that it is only a...

The paper discusses the analyses of technical progress, capital accumulation and income distribution elaborated by three major classical economists: Adam Smith, David Ricardo and Karl Marx. The interpretation given is partly inspired by Piero Sraffa's studies in his hitherto unpublished papers....

The paper recalls some of the achievements of Friedrich Benedikt Wilhelm Hermann, a remarkable German economist whose work, once praised by authors such as von Thunen, Menger, Marshall and Schumpeter, has largely fallen into oblivion. The emphasis is on Hermann's contributions to the theory of...

The paper discusses the differences between the theories of value and distribution of Jean-Baptiste Say and David Ricardo. The attention focuses on fundamental issues in controversy between them. These are Say's confounding of 'value', 'riches' and 'utility', the theory of value, the problem of...

The paper discusses Sraffa's consecutive attempts in the late 1920s and early 1940s to tackle a problem which endangered his objectivist, surplus-based approach to the theory of value and distribution aimed at reviving the standpoint of the classical economists. Whilst with circulating capital...