Kurose, Kazuhiro; Yoshihara, Naoki - Department of Economics, University of Massachusetts-Amherst - 2014
The purpose of this paper is to examine the critical arguments made by Burmeister, Samuelson, and others, with respect to Sraffa (1960). In his arguments about the standard commodity, Sraffa assumed that a change in income distribution has no effect on the output level and choice of techniques,...
