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Sraffa's System: Equal Rate of Profits and the Notion of Centre of Gravitation
[Zeitschriftenartikel]
Abstract "This paper argues that the condition of uniform rate of profits in Sraffa's system is not based on his implicit assumption that the system is at the ‘equilibrium’ or the center of gravitation. It is rather a logical requirement of a reproducing system of basic goods as long as prices are not impose... mehr
"This paper argues that the condition of uniform rate of profits in Sraffa's system is not based on his implicit assumption that the system is at the ‘equilibrium’ or the center of gravitation. It is rather a logical requirement of a reproducing system of basic goods as long as prices are not imposed from outside the system. This condition holds irrespective of supplies being equal to their respective effectual demands. It conjectures that Sraffa could have arrived at this conclusion through his analysis of the Standard system. On the basis of this result, a critique of the received interpretation, led by Garegnani, of Sraffa's prices is developed." [author's abstract]... weniger
Klassifikation
Allgemeines, spezielle Theorien und "Schulen", Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften
Sprache Dokument
Englisch
Publikationsjahr
2009
Seitenangabe
S. 495-501
Zeitschriftentitel
Journal of Economic Behavior & Organization, 71 (2009) 2
DOI
https://doi.org/10.1016/j.jebo.2009.03.014
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)