Showing 1 - 10 of 29
The object of these pages is to revive a critical reflection on the significance of Sraffa's early theoretical work in … on Sraffa's thought on the shape of cost curves and its consequences on the relationship between price and quantity … produced. The issues dealt with include the real motivations of Sraffs's criticism of Marshall's theory of value. …
Persistent link: https://www.econbiz.de/10011113362
This paper discusses the relation between law and contingency in the formation of value. It begins from a much-ignored assertion of Marx, repeated throughout his works, that the equality of supply and demand is contingent and their non-equality constitutes their law. This highly complex and...
Persistent link: https://www.econbiz.de/10005789658
temporal evolution of its parameters. This alternative view reinstates the notion which Marshall and Walras sought to extirpate …
Persistent link: https://www.econbiz.de/10005621983
This paper proposes a textual analysis of Marshall’s theory of firm pricing behavior under competitive conditions. It … considers to what extent average cost and marginal cost pricing rules characterize Marshall’s competitive partial equilibrium …
Persistent link: https://www.econbiz.de/10005622047
Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income … Marshall's theory of capital was the establishment of a functional link between the theory of value and the theory of money. As … a quantity-theorist, Marshall held a "real" theory of the long-period determination of the rate of interest, in the …
Persistent link: https://www.econbiz.de/10011111391
The paper examines the development over time of Marshall's theoretical position, with the purpose of assessing its … place in the history of economic thought. Marshall's work, concerned with the theoretical implications of structural changes … of its original historical context. Both the innovative character of Marshall's early theoretical work and the inner …
Persistent link: https://www.econbiz.de/10011112147
paper revives this view of rent, proceeding from its historical basis through Smith’s analysis to arrive at Sraffa …’s equations, and also examines the case of the introduction of a tax conceived as a tithe, to which Sraffa referred very briefly …
Persistent link: https://www.econbiz.de/10011259126
1. An important conclusion of this work to be noted is it may not necessary to have an explicit relationship between money and prices- like the quantity theory one. What is necessary and important is that there should be a relation between the growth rates of absolute outputs and money. Money...
Persistent link: https://www.econbiz.de/10011259485
theory is ultimately based on Sraffa’s worldview: “The connection of [my] work with the theories of the old classical … presented by modern theory of a one-way avenue that leads from ‘Factors of production’ to ‘Consumption goods’.” (Sraffa, 1960 … a sharp distinction between the two theoretical traditions, we call this criterion "Sraffa’s Guillotine". Based on …
Persistent link: https://www.econbiz.de/10009643195
Article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy 18, pp285-93. Stanford, CT: JAI Press. (http://www.elsevier.com/wps/find/bookdescription.cws_home/621298/description#description) Responds to debate initiated in Research in...
Persistent link: https://www.econbiz.de/10005786935