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2. On Sraffa’s Structuralism

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Abstract

Interdependence between processes within a self-replacing system is the hallmark of Sraffa’s representation of the economy as production of commodities by means of commodities. This view highlights Sraffa’s structuralism since a distinctive feature of the latter is to consider collections of elements as wholes ‘subordinated to laws’, in terms of which ‘the structure qua whole or system is defined’ (Piaget, 1971). The aim of this chapter is to highlight the central role in Sraffa’s writings of the representation of the economy as a system of elements whose interdependence assigns structure to the whole system by virtue of its own self-replacing condition, while at the same time being structured by it. In Sraffa’s representation of the economy, interdependence is never likened to simple interaction between the autonomous elements of an aggregate system. Instead, interdependence is seen as a relational pattern identified by the self-replacing condition. This condition is the ‘law’ that assigns structure to the collection of processes making up the economy as a system. This essay discusses the roots and character of Sraffa’s structuralism from his early theoretical writings through his reconstruction of Ricardo’s theory of value up to Production of Commodities by Means of Commodities. Section 1 presents the aim of the essay and its organiztion. Section 2 examines Sraffa’s early criticism of Marshall’s demand and supply curves in the light of Sraffa’s discussion of Philip Henry Wicksteed’s substitution of ‘functional curves’ for the ‘descriptive curves’ associated with the Classical Economists’ view of decreasing returns. Section 3 outlines a rational reconstruction of Sraffa’s approach in terms of positional interdependence and contrasts this view with approaches based on functional interdependence. Positional interdependence is then discussed in the light of Sraffa’s distinction between causality and causation, which points to the central role of ‘one direction’ causal processes in determining the changes following a given source of change within a set of feasible transformations. Section 4 discusses the implications of Sraffa’s structuralism for construction of a political economy centred on consideration of positional interdependence between socioeconomic groups. Section 5 brings the essay to close highlighting the character of Sraffa’s Production of Commodities by Means of Commodities as the mature product of a structural heuristic open to a variety of structural configurations compatible with a set of relatively invariant parameters.

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Appendix
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Footnotes
1
Here Sraffa refers to a statement in Wicksteed’s Common Sense of Political Economy (Wicksteed 1910, p. 539).
 
2
Here Sraffa refers to a statement in Wicksteed’s Common Sense of Political Economy (Wicksteed 1910, p. 539).
 
3
Here Sraffa cites from Marshall’s Principles of Economics (Marshall 1890, p. 170).
 
4
See also Cardinale and Scazzieri (2018) for an assessment of the relationship between structural virtuality, actions, and structural change.
 
5
Sraffa’s analysis of the distinction between functional curves (functional interdependence) and descriptive curves (positional  interdependence) is thus related to his criticism of ‘marginism’ (Marcuzzo and Rosselli 2011; Rosselli and Trabucchi 2018).
 
6
This view was expressed by Sraffa in private conversation with Professor Izumi Hishiyama. I am grateful to Professor Hishiyama for informing me about his exchanges with Sraffa on this particular issue. It may be interesting to recall in this connection Arthur Cecil Pigou’s acknowledgement of Sraffa’s comments and suggestions in the Preface to his Economics of Stationary States (Pigou 1935).
 
7
There is a significant analogy between Sraffa’s early structuralism and recent contributions to causal analysis as the investigation of causal paths under a plural causality framework (thus moving beyond a purely nomological approach to causality) (see Pearl 2009).
 
8
The concept of ‘relative structural invariance’ is discussed in Landesmann and Scazzieri 1990. There it is argued that ‘economic structure is generally described in such a way that certain elements of it are considered to be fixed while other elements are allowed to change’ (Landesmann and Scazzieri 1990, p. 96). In view of this, ‘the analysis of structural dynamics is associated with a general postulate of relative invariance’ (Landesmann and Scazzieri 1990, p. 96). This postulate entails that ‘any given economic system subject to an impulse or force is allowed to change its original state by following an adjustment path that belongs to a limited set of feasible transformations’ (Landesmann and Scazzieri 1990, p. 96, added emphasis). The postulate of relative structural invariance highlights the role of ‘structural permanence’ in the analysis of change (Dagum 1969) and is closely associated with Herbert Simon’s emphasis on ‘intermediate stable forms’ as a characteristic feature of evolving structures (Simon 1962).
 
9
On the ‘material’ debt-credit relationships in a system of interdependent production activities see also Cardinale and Scazzieri 2016.
 
10
Self-sustainability may take different forms depending on technology in use. For example, self-sustainability for a pure labour economy (an economy of specialized producers making commodities by means of labour only without any need of capital goods) may be  expressed in terms of a ‘fundamental macroeconomic condition’ relating the composition of the economy with effective demand for consumer goods (Pasinetti 1993). On the other hand, the self-sustainability for an economy in which commodities are produced by labour and capital goods has been expressed in terms of a self-replacement condition (the so-called ‘viability condition’) for intermediate goods (Hawkins and Simon 1949).
 
11
Sraffa acknowledges that this interpretation, while ‘unusual’, had been put forward by Huguette Biaujeaud in her Essai sur la théorie ricardienne de la valeur (Biaujeaud 1934).
 
12
The analytics of sustainability pricing in a multisectoral production framework has recently been investigated by Carlo D’Adda (D’Adda 2019).
 
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Metadata
Title
On Sraffa’s Structuralism
Author
Roberto Scazzieri
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-47206-1_2