Abstract
In the course of Shackle’s Years of High Theory 1926–1939 [–1960] a twin revolution took place in economic theory, associated with the names of Maynard Keynes and Piero Sraffa (Shackle, 1967).1 In this chapter three issues related to this revolution are considered. First, some remarks are made on the making and the nature of the Sraffian revolution. In the second place, the relation between the Sraffian and the Keynesian revolution is briefly dealt with. The third section is about the significance of Piero Sraffa for modern political economy. The chapter begins with some general remarks related to Sraffa and his work.KeywordsPolitical EconomyDemand CurveSupply CurveHigh TheoryNeoclassical TheoryThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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