Cockshott, Paul; Sinha, Ajit - In: Review of Political Economy 20 (2008) 3, pp. 393-403
This paper presents a simulation exercise on Sraffa's system under various types of technical changes to show that the direction of changes in prices of commodities is contingent on the choice of the numeraire. Thus, such a comparison of prices in two systems turns out to be meaningless. This...