6533b7d6fe1ef96bd1265c11
RESEARCH PRODUCT
Piero Sraffa on utility and the 'subjective method' in the 1920s: A tentative appraisal of Sraffa's unpublished manuscripts
Rodolfo Signorinosubject
Consumption (economics)Economics and EconometricsEnthusiasmIndividualismSettore SECS-P/04 - Storia Del Pensiero Economicomedia_common.quotation_subjectEconomicsProduction (economics)Positive economicsPiero Sraffa methodological individualism theory of valuemedia_commonEpistemologydescription
The paper reconstructs Sraffa's assessment of utility-based and individualistic explanations of demand in Marshallian economics in the light of some fresh evidence provided by Sraffa's unpublished manuscripts of the 1920s. It is shown that Sraffa criticised the standard Marshallian explanation of individual consumption choices, emphasised the independent measurement requirement in explanation, lacked enthusiasm for the heuristic potentialities of the 'subjective method' in economic theorising and strove for an analysis of the phenomena of interdependence in the sphere of production as well as in the sphere of consumption.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2001-11-01 |