Università Roma Tre

Part I - The surplus approach
1. The notion of surplus
2. The capitalist mode of production
3. Sraffa’s theory of prices
4. The integrated wage-commodity sector and the surplus equation
Part II - The marginalist approach
5. The marginalist theory of distribution
6. Capital as a factor of production
Part IIII - Macroeconomic implications
7. Keynes and the principle of effectual demand
8. International trade

- Slides of the lessons.
- Teaching material written by the teacher and available online.
- Fratini, S.M. (2020) 'Incomes from capital in alternative economic theories', in P. De Muro, S.M. Fratini & A. Naccarato (eds) Economics, Policy and Law. Roma: Roma Tre-Press.
- Garegnani, P. (1978-79) 'Notes on consumption, investment and effective demand', part. I and II, Cambridge Journal of Economics, vol. 2, pp. 335-353 and vol. 3, pp. 63-82.
- Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge.