Marx after Sraffa

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Marx after Sraffa
Marx after Sraffa.jpg
Cover of the first edition
Author Ian Steedman
Country United Kingdom
Language English
Subject Karl Marx, labor theory of value
Published 1977
Media type Print (Hardcover and Paperback)
ISBN 978-0902308497

Marx after Sraffa is a 1977 book about Marxist economics by the economist Ian Steedman, in which the author argues against the labor theory of value. Steedman has been criticized for alleged misunderstandings of Karl Marx.


Steedman offers a neo-Ricardian reading of Marx.[1] He employs Piero Sraffa's work to argue against the labor theory of value.[2]

Scholarly reception[edit]

Heinz D. Kurz reviewed Marx after Sraffa in Kyklos.[3] The political scientist David McLellan wrote in the 1995 edition of his Karl Marx: His Life and Thought that Steedman's reading of Marx has been influential.[4] The philosopher Roger Scruton wrote that Steedman provides the most notable argument against the labor theory of value from the New Left.[5] The Marxist theorist Ernest Mandel considered Marx after Sraffa as another critique of Marx's Capital, and accused Steedman of misunderstandings of Marx similar to those made by Paul Sweezy in his The Theory of Capitalist Development (1942).[6]

See also[edit]



  1. ^ McLellan 1995. p. 273.
  2. ^ Scruton 1985. p. 9.
  3. ^ Kurz 1978. pp. 736-738.
  4. ^ McLellan 1995. p. 273.
  5. ^ Scruton 1985. p. 9.
  6. ^ Mandel 1991. p. 9.


  • Marx, Karl; Mandel, Ernest (1991). Capital, Volume 1. London: Penguin. ISBN 0-14-044570-6. 
  • McLellan, David (1995). The Thought of Karl Marx. London: Papermac. ISBN 0-333-63948-0. 
  • Scruton, Roger (1985). Thinkers of the New Left. Harlow: Longman Group Limited. ISBN 0-582-90273-8. 
  • Kurz, Heinz D. (1978). "Marx after Sraffa (Book Review)". Kyklos. 31 (4).   – via EBSCO's Academic Search Complete (subscription required)