The paper summarises the main results of the Cambridge controversy on capital theory and discusses its actual relevance. The paradoxes that had first been regarded as most relevant (reswitching and reverse capital deepening) have turned out to be empirically rare, and this can be explained...

Piero Sraffa took thirteen years to publish the General Indexto The Works and Correspondence of David Ricardo.The Index is compared to others and is shown to be exceptional in that it leads the way to specific interpretations of Ricardo's life and theory. The choice of entries referring to...

Sraffa's book artfully combines an exposition of key problems of capital theory, using economic logic, with mathematical arguments, and he created a school of disciples extending his ideas by means of both methods. His analysis of single product systems has turned out essentially to be flawless,...