Marx, Sraffa and prices without value according to some followers of Piero Sraffa
Abstract
This paper outlines a critique to the Surplus Approach originated in the work of Piero Sraffa. It refutes the idea of redundancy of labor value which uses the concept of vertically integrated organic composition of capital. We will see that a paper of Parys (1982), mathematically right and supporting the idea of value redundancy, is not really conclusive.
It will also see one of the generally misunderstood ideas: value and price are two interrelated concepts equally important. An idea not hold by many sraffians since Steedman (1978) and Garegnani (1979): they say that value is a misleading and redundant explanation of prices. This is done by a concrete analysis of the capitalist reality, showing that value and price are two essential concepts for the analysis of such a reality.
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