Switches and fake switches in methods of production
It has long been recognised that Sraffa's analysis of the choice of methods in joint production cannot be sustained, so that post-Sraffian economists have abandoned it. The paper returns to Sraffa's own approach and identifies two characteristic elements: methodologically, it is of a 'dynamic' nature (it considers a potential move of the rate of profits) and, analytically, the switch-points are the common intersection of several wage--profit curves. An internal critique consists in showing the existence of fake switches, which are at the intersection of two wage--profit curves but, unexpectedly, are not switch-points. Copyright 2004, Oxford University Press.
Year of publication: |
2004
|
---|---|
Authors: | Bidard, Christian ; Klimovsky, Edith |
Published in: |
Cambridge Journal of Economics. - Oxford University Press. - Vol. 28.2004, 1, p. 89-97
|
Publisher: |
Oxford University Press |
Saved in:
Saved in favorites
Similar items by person
-
Classical dynamics of disequilibrium
Benetti, Carlo, (2007)
-
Reproduction prices : equilibrium and disequilibrium in a classical model
Benetti, Carlo, (2008)
-
Capital, salaires et crises : une approche classique
Bidard, Christian, (2006)
- More ...