Kregel, Jan A.; Roncaglia, Alessandro - In: New perspectives on political economy and its history, (pp. 365-381). 2020
The chapter explores similarities between Keynes and Sraffa, suggesting a fruitful symbiosis of the two approaches … preference theory of financial asset prices; Sraffa a theory of prices of production. Keynes rejected the idea of a natural rate …. Both challenged neoclassical price theories. Keynes formulated a "monetary theory of production" that led to a liquidity …