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IAN STEEDMAN

I have been asked to ‘reflect’ on Marx after Sraffa (1977) after some twenty-five years. My reflection falls into three parts. In the first, certain major themes of the book are recalled and emphasized. In the second part some brief thoughts are offered on certain subsequent approaches to Marx’s value and exploitation theory, in particular the so-called ‘new solution’. The third and most substantial part turns to a major gap in Marx after Sraffa (and in many other approaches), namely the matter of international trade and how it affects Marx’s theory.