In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that … price signals and quantity adjustments, given effectual demands, do not lead to a ‘centre of gravitation'. We work out all …

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx.s microeconomics. Marx … shown that major elements of Marx.s economic theory fall in the camp of monetary analysis and the implications for Marx ….s theory of capital accumulation are derived. First, Marx.s theory of labour value has to be considered a .monetary theory of …

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx's microeconomics. Marx … shown that major elements of Marx's economic theory fall in the camp of monetary analysis and the implications for Marx …'s theory of capital accumulation are derived. First, Marx's theory of labour value has to be considered a "monetary theory of …

This paper presents the microeconomic partial and general economic equilibrium analysis of monopoly power in terms of … price system. Within the framework of input-output analysis it is shown that in the monopolistic economic system the over …

sketching the logical-historical development of Input–Output economics. The model of Sraffa, the Leontief matrices and the …

John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …. Kregel ; Chartalist ; Modern Money Theory ; State Money ; Credit Money ; Default …