Read e-book online Piero Sraffa's Political Economy: A Centenary Estimate PDF

Read Online or Download Piero Sraffa's Political Economy: A Centenary Estimate (Routledge Studies in the History of Economics) PDF

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Extra resources for Piero Sraffa's Political Economy: A Centenary Estimate (Routledge Studies in the History of Economics)

Example text

It is worth noting how Segrè’s work was characteristic of the repeatedly identified cultural and educational mentality of the faculty in its attention to historical fact and its defence against any formalistic abstraction. There was nothing formalistic either, except in the sense of the exercise of formal logical reasoning, about the subject of Luigi Einaudi, Public Finance. As well as the subject’s conceptual-theoretical part, Einaudi also considered history, examining social-economic thought within concrete solutions to the fiscal and financial problems of countries, with reference to actual current situations.

Continuity, first of all, in the necessity of logically sound theoretical arguments, of which Sraffa was undoubtedly convinced throughout his entire intellectual life. Yet also, according to many interpreters, continuity in the adoption of a method of ‘piecemeal theorising’, to use Salanti and Signorino’s term; an attitude to the relation between logical consistency and empirical relevance which Sraffa already showed in his 1925–6 articles. That is to say that Sraffa’s book would represent a ‘first approximation’ to the problem of value and distribution: Sraffa’s theory should be read as just one piece of a larger coherent framework in which many theories would have come together, each defining and solving specific problems.

One might object that at that time Gramsci, founder and director of Ordine Nuovo, also expressed severe criticism of Einaudi. Quite true but always within terms of an intellectual respect, which he had accorded Einaudi since A child of Cultura Positiva 13 the time he was a literature student and—according to the evidence of another law student, Palmiro Togliatti, who graduated under Einaudi in 1915—had followed, out of his own interest, Einaudi’s course in Public Finance (Togliatti 1967 [1949]).

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