Tuesday , November 29 2022
Home / Naked Keynesianism / Course/discussion: A very short Introduction to the theory of value and distribution

Course/discussion: A very short Introduction to the theory of value and distribution

Summary:
A few years back in Colombia, we discussed with a group of students about a possible reading group of Sraffa's Production of Commodities by Means of Commodities (PCMC).  After the pandemic I thought that the experience with Zoom perhaps created the conditions for that. But I also have a concern expressed here several times (see here and here) about the lack of understanding of the theory of value and distribution and its importance for policy analysis, and not just among mainstream economists.At any rate, I decided to give 6 Lectures online (that I will record and post eventually) on the theory of value and distribution. It will cover from before Adam Smith to modern times. Authors discussed will include Smith, Ricardo, Marx, Marginalist ones (Clark, Marshall, Wicksell), Sraffa, Samuelson

Topics:
Matias Vernengo considers the following as important:

This could be interesting, too:

Matias Vernengo writes Why do we need a theory of value?

Course/discussion: A very short Introduction to the theory of value and distribution

A few years back in Colombia, we discussed with a group of students about a possible reading group of Sraffa's Production of Commodities by Means of Commodities (PCMC).  After the pandemic I thought that the experience with Zoom perhaps created the conditions for that. But I also have a concern expressed here several times (see here and here) about the lack of understanding of the theory of value and distribution and its importance for policy analysis, and not just among mainstream economists.

At any rate, I decided to give 6 Lectures online (that I will record and post eventually) on the theory of value and distribution. It will cover from before Adam Smith to modern times. Authors discussed will include Smith, Ricardo, Marx, Marginalist ones (Clark, Marshall, Wicksell), Sraffa, Samuelson and Garegnani.  The Capital Debates, and the Modern Intertemporal Marginalist approach will also be discussed. 

This will not be an advanced seminar for graduate students that already know quite a bit about these topics, but for advanced undergraduates and perhaps masters students in mainstream programs (or heterodox ones that do not cover these issues), which have limited understanding of the theory of value and distribution. Readings will include the relevant chapters or papers by the main authors in the original (not a textbook, even though I will suggest a few; and yes, some chapters of PCMC too). I intend to have a discussion session after each lecture (which will not be posted online). If you are interested email me with a brief explanation of your background and why this would be relevant for you to [email protected]

Dates, Zoom links and a syllabus will be provided for those that participate (yes, it is free).

Matias Vernengo
Econ Prof at @BucknellU Co-editor of ROKE & Co-Editor in Chief of the New Palgrave Dictionary of Economics

Leave a Reply

Your email address will not be published. Required fields are marked *