Contents

Introduction

PART I
Capital and the critique of neoclassical theories

Savings, investment and capital in a system of general intertemporal equilibrium

P. GAREGNANI

Comment on Garegnani

B. SCHEFOLD

Reply to Schefold

P. GAREGNANI

Comment on Garegnani

H. GRAM

Reply to Gram

P. GAREGNANI

Determinacy of equilibria in a model of intertemporal equilibrium with capital goods

D. TOSATO

Comment on Tosato

F. PETRI

Reply to Petri

D. TOSATO

The stability of general intertemporal equilibrium: a comment on Tosato’s reply to Petri

S. PARRINELLO

The stability of general intertemporal equilibrium: a reply to Parrinello

D. TOSATO

The results of the capital theory controversies and general equilibrium theory: some reflections on concepts and history

G.C. HARCOURT

The aggregate neoclassical theory of distribution and the concept of a given value of capital: the lines of a more general critique

P. POTESTIO

Stability in classical and neoclassical theories

F. SERRANO

PART II
After Sraffa’s interpretation of Ricardo: historical and analytical issues in the classical approach to value and distribution

The Smithian origin of Ricardo’s corn ratio theory of profits: a suggested interpretation

F. VIANELLO

Comment on Vianello

P.L. PORTA

Reply to Porta

F. VIANELLO

Sraffa and the interpretation of Ricardo: the Marxian dimension

S. HOLLANDER

Comment on Hollander

A. STIRATI

Reply to Stirati

S. HOLLANDER

Interpretations of the classics: the theory of wages

A. STIRATI

Some notes on wages and competition in the labour market

E.S. LEVRERO

Hay, carrots, bread and roses: subsistence and surplus wages in Sraffa’s papers

A. PICCHIO

‘Price of wages’: a curious phrase

C. GEHRKE

On some materials from the ‘Petty Papers’ archive, relevant to the beginnings of the surplus approach

T. ASPROMOURGOS

The standard commodity: an inevitable measure of value

G. GILIBERT

Ricardo’s standard of value: a new proposal

C. BIDARD

Rationality in reproduction models

V. WALSH

Appendix 1: Mathematical note to Garegnani, pp. 13–74

M. TUCCI

Index