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Austrian responses to Sraffa

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TenTonHorse posted on Sun, Jul 25 2010 3:06 PM

In any biographies of Sraffa, his exchange with Hayek and his attempted refutations are often hailed as a complete burial of the Hayekian/Austrian theory. Yet while Keynesianism continues to be demolished by the Austrian School, Sraffa's work isn't tackled with the same vigor, or enthusiasm, despite its reputation among opponents. What are the Austrian responses to Sraffa's critique? (Kaldor is also often mentioned by those sympathetic to Sraffa or in opposition to the Austrian School, yet again I struggle to find an in-depth response to his critique of Hayek's theory. Help?)

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Gero replied on Sun, Jul 25 2010 3:43 PM

I was surprised to learn Piero Sraffa is not mentioned on, but was mentioned on Economist Robert P. Murphy criticized Piero Sraffa.

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You could also search for writings of Roger Garrison on this topic

Where there is no property there is no justice; a proposition as certain as any demonstration in Euclid

Fools! not to see that what they madly desire would be a calamity to them as no hands but their own could bring

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