Capital Theory, the Surplus Approach, and Effective Demand

This book presents a representative set of Pierangelo Garegnani’s (1930-2011) works on the theory of value and distribution. It features a selection of essays, chosen by Garegnani himself, concerning central aspects of his work: first and foremost, the continuation and development of Piero Sraffa''s effort to elaborate an alternative to the dominance of marginalist thought on the theory of value a...