On a first reading of Theory of Production, Kurz & Salvadori (1995) appear to confine the empirical domain of the long-period models of the classical theory of value and distribution to stationary economies with non-constant returns to scale and to growing economies with constant returns to...

The paper focuses on Blaug's distinction between rational and historical reconstruction within the historiography of economics. Blaug's distinction is shown to be sterile and misleading and his definitions of no avail to clear thinking. Historical reconstruction (as defined by Blaug) is en empty...

This paper provides an analysis of the logical structure and analytical content of Piero Sraffa's 1925 Italian paper, 'Sulle relazioni fra costo e quantita prodotta'. It shows that Sraffa's criticism of the supply side of Marshall's theory of value in a competitive partial equilibrium model...

The paper proposes a new interpretation of Sraffa's 1926 Economic Journal article, 'The Laws of Returns under Competitive Conditions', according to which the latter derives from the same strategy of research which underlies its 1925 Italian precursor, 'Sulle relazioni fra costo e quantita...

In this paper we combine the classical analysis of luxury consumption with the classical theories of development and growth. We also focus on the role played, within classical economics, by institutional factors such as the structure of property rights and contractual arrangements in determining...

Sraffa's Lectures on the Advanced Theory of Value 1928-1931 and his two preparatory Notes of summer and November 1927 provide a wealth of material, up to now unpublished, for a reconstruction of the early stage of his inquiry into the cognate fields of pure economic theory and its history. The...