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Piero Sraffa and the Rate of Exploitation
“A casual reader who picked up Piero Sraffa’s Production of Commodities by Means of Commodities might be fascinated by the crystalline style in which it is written, but he would be puzzled to know why it is considered to be a contribution to economic theory of the first . . .” read more
The Final End of Laissez Faire
“Keynes pronounced his famous discourse on the End of Laissez-faire in 1926. It has been a long time a-dying. To ‘clear from the ground the metaphysical or general principles upon which, from time to time, laissez-faire has been founded’, Keynes declared: ‘It is not a correct deduction from . . .” read more