From the Loaf of Bread to Commodity-Fetishism : A New Interpretation of the Marx-Sraffa Connection

Sraffa’s unpublished papers have attracted again the attention of different scholars \non the relationship between Marx’s and Sraffa’s economic theories. \nIn his notes, as far as the theory of value is concerned, Sraffa states that the «delicate \npoint» is the analysis of the relation between the wage rate and the rate of profit \nwhen wages partecipate in the distribution of surplus. Sraffa establishes a bridge \namong the ‘macro’ conception of a given surplus to be divided between the different \nsocial classes and the ‘micro’ analysis of the prices of the different commodities \nby equalizing the value of the net product to the labour employed in its production. \nFrom this perspective Sraffa’s analysis can be linked to the ‘New Interpretation’ approach \nto the transformation of values into prices of production.