ABSTRACT
A careful investigation of Blaug shows how much the young Blaug was indebted to Sraffa's interpretation of Ricardo. It seems that the mature Blaug has come close to where he once started from. The chapter explores a characterization of Blaug's respective efforts. It refutes his contention that Sraffa's analysis is a species of Walrasian general equilibrium theory (GET). Walras was concerned with explaining the competitive (uniform) rate of profits and thus with a long-period problem. Then, the chapter shows that he is wrong in contending that 'Sraffians' have not dealt with a number of problems tackled by the classical authors. Blaug contends that many important issues in classical economics are not addressed by 'Sraffians'. These include the following. This should suffice to dispel Blaug's contention that 'Sraffians' did not deal with these problems. Finally scrutinize and reject his contention that 'Sraffian economics' is not fruitful economics. Fruitful ideas and concepts possessed of a great explanatory potential.
