The Sraffa–Hayek debate is debate between Piero Sraffa and Friedrich Hayek in 1930s. In 1931, Hayek critiqued John Maynard Keynes's Treatise on Money (1930) in his "Reflections on the pure theory of Mr. J. M. Keynes"[1] and published his lectures at the LSE in book form as Prices and Production.[2] Keynes replied to Hayek.[3] After this, Keynes asked Sraffa to write a critical review of Prices and Production for the Economic Journal. Sraffa elaborated on the logical inconsistencies of Hayek's argument, especially concerning the effect of inflation-induced "forced savings" on the capital sector and about the definition of a "natural" interest rate in a growing economy.[4] Hayek's response and Sraffa's rejoinder was published after this.[5][6]
References
^F. A. Hayek, "Reflection on the pure theory of money of Mr. J. M. Keynes," Economica, 11, S. 270–95 (1931).
^F. A. Hayek, Prices and Production, (London: Routledge, 1931).
^Keynes, J. M. (1931). "The Pure Theory of Money. A Reply to Dr. Hayek". Economica (34): 387–397. doi:10.2307/2549192. ISSN 0013-0427.
^Sraffa, Piero (1932). "Dr. Hayek on Money and Capital". The Economic Journal. 42 (165): 42–53. doi:10.2307/2223735. ISSN 0013-0133.
^von Hayek, F. A. (1932). "Money and Capital: A Reply". The Economic Journal. 42 (166): 237–249. doi:10.2307/2223821. ISSN 0013-0133.
^Sraffa, Piero (1932). "[Money and Capital]: A Rejoinder". The Economic Journal. 42 (166): 249–251. doi:10.2307/2223822. ISSN 0013-0133.
March 14, 2023
sraffa, hayek, debate, debate, between, piero, sraffa, friedrich, hayek, 1930s, 1931, hayek, critiqued, john, maynard, keynes, treatise, money, 1930, reflections, pure, theory, keynes, published, lectures, book, form, prices, production, keynes, replied, hayek. The Sraffa Hayek debate is debate between Piero Sraffa and Friedrich Hayek in 1930s In 1931 Hayek critiqued John Maynard Keynes s Treatise on Money 1930 in his Reflections on the pure theory of Mr J M Keynes 1 and published his lectures at the LSE in book form as Prices and Production 2 Keynes replied to Hayek 3 After this Keynes asked Sraffa to write a critical review of Prices and Production for the Economic Journal Sraffa elaborated on the logical inconsistencies of Hayek s argument especially concerning the effect of inflation induced forced savings on the capital sector and about the definition of a natural interest rate in a growing economy 4 Hayek s response and Sraffa s rejoinder was published after this 5 6 References Edit F A Hayek Reflection on the pure theory of money of Mr J M Keynes Economica 11 S 270 95 1931 F A Hayek Prices and Production London Routledge 1931 Keynes J M 1931 The Pure Theory of Money A Reply to Dr Hayek Economica 34 387 397 doi 10 2307 2549192 ISSN 0013 0427 Sraffa Piero 1932 Dr Hayek on Money and Capital The Economic Journal 42 165 42 53 doi 10 2307 2223735 ISSN 0013 0133 von Hayek F A 1932 Money and Capital A Reply The Economic Journal 42 166 237 249 doi 10 2307 2223821 ISSN 0013 0133 Sraffa Piero 1932 Money and Capital A Rejoinder The Economic Journal 42 166 249 251 doi 10 2307 2223822 ISSN 0013 0133 Retrieved from https en wikipedia org w index php title Sraffa Hayek debate amp oldid 1140249979, wikipedia, wiki, book, books, library,
