After Marx and Sraffa: Essays in Political Economy

Recent events in Eastern Europe have underlined the limitations of Marxian economic and political theory. In this collection of essays Hodgson subjects Marxian economic theory to critical examination and shows which elements retain their modern relevance. After analysing the contribution of Sraffa, and indicating its critical potential and theoretical limitations, Hodgson points to a new synthesis embracing Marx, Keynes and Veblen.