Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

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Arun Bose on Sraffa:Value Theory and Demand


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1 School of Liberal Studies, Azim Premji University, Bengaluru 560100, Karnataka, India
     

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This paper provides a detailed account of the engagement of Arun Bose (1919-2003), the Marxist economist, with Piero Sraffa’s Production of Commodities by Means of Commodities (1960), based on the articles he published in the 1960s in the Economic Journal and Economic Weekly. The paper closely deals with the two fundamental aspects of Bose’s involvement with Sraffa’s 1960 book: (a) the assumption of constant returns to scale and (b) the role of demand in value theory. The Bose-Sraffa engagement yields a useful output – an interpretation of Sraffa’s work, in the tradition of the classical economists.
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  • Arun Bose on Sraffa:Value Theory and Demand

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Authors

Alex M. Thomas
School of Liberal Studies, Azim Premji University, Bengaluru 560100, Karnataka, India

Abstract


This paper provides a detailed account of the engagement of Arun Bose (1919-2003), the Marxist economist, with Piero Sraffa’s Production of Commodities by Means of Commodities (1960), based on the articles he published in the 1960s in the Economic Journal and Economic Weekly. The paper closely deals with the two fundamental aspects of Bose’s involvement with Sraffa’s 1960 book: (a) the assumption of constant returns to scale and (b) the role of demand in value theory. The Bose-Sraffa engagement yields a useful output – an interpretation of Sraffa’s work, in the tradition of the classical economists.

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DOI: https://doi.org/10.21648/arthavij%2F2018%2Fv60%2Fi1%2F174309