This chapter inquires into what could or should be a Classical theory of money and prices sixty years after Sraffa's Production of Commodities by Means of Commodities' publication. It takes as granted three basic propositions: (i) Sraffa's system of prices is relevant for determining Classical...

We consider a bisector reproduction model in which money is introduced as a pure means of exchange issued by a bank at the producers' requests. Each capitalist aims at maximising accumulation in his own sector. Their plans are based on available quantities and expected prices. Effective prices...

Italian Abstract: Questo lavoro si propone il compito di illustrare le implicazioni relative in particolare riguardo stabilità e crescita. Le ragioni dell'unione sono da ricercare nei fattori politici tesi ad evitare il ripetersi di tragedie nel Vecchio Continente, argomento che le ceneri...

Marx étudie la reproduction élargie du capital social à l'aide d'exemples numériques. Ses schémas décrivent la reproduction de flux monétaires. Seuls sont connus les produits des quantités par les valeurs unitaires : valeurs du produit brut, de la masse salariale et du capital constant...

We build a bisector reproduction model with Classical features in which the capitalists aim at maximizing accumulation. At variance with gravitation models, it is assumed that they invest their profits in their own industry. Their plans are based on actual productions and expected prices....

We build a bisector reproduction model with classical features in which the capitalists aim at maximizing accumulation of their profits. At variance with gravitation models, it is assumed that they invest their profits in their own industry. Their plans are based on actual productions and...

In the numerical examples used by Marx to study the reproduction of social capital, the economy reaches a steady growth path in only two periods. This surprising outcome has been interpreted by Marx’s readers as a property of a model which excludes any sort of economic crisis. This paper shows...