ABSTRACT
This chapter deals with the work of Piero Sraffa on the theory of value and that of Joan Robinson on the theory of economic growth, as two distinct directions of the post-Keynesian neo-Marxist current, developed at the University of Cambridge, UK. It is shown how Sraffa was picking up the thread of the Classical theory of value and distribution where it was left by Ricardo and Marx. Also, its relationship to Marxist, neo-Marxist, and post-Keynesian economic theory is discussed. The chapter then discusses, based on published and unpublished evidence, how Joan Robinson discovered Kalecki’s contributions and Marx’s economics, and how this influenced her theoretical views on “the long period”. The section on Robinson also goes into her relationship with Baran and Sweezy, before and after her critical review of Baran’s Political Economy of Growth.
