Sundry Observations and New Findings on the Anglo-Italian Tradition of Economic Thought

The gist of Piero Sraffa’s contribution to political economy lies in his criticism of the Neoclassical and Marginalist system and in his endeavour to establish an alternative approach to the discipline. ¹ In this light there is a continuity of sorts within the Cambridge School of Economics taken in a long-run perspective, during almost a whole century from Marshall down to the 1970s, i.e. the time span which bears the imprint of a strong profile of the Cambridge identity. ² Marshall, Keynes and Sraffa probably are the heroes of the School and they mark three very different ways of achieving the same objective: the criticism of the ‘static’ philosophy of the Neoclassical Marginalist School of economic analysis and thought.