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Jointly with Erkko Etula, Paul Samuelson [2006] claims that the “Leontief – Sraffa matrix equations for input/output must obey constant returns to scale”. However, in an unrelated work, Amartya Sen [2003] claims that Sraffa’s [1960] “analysis does not need any assumption of constant...
Persistent link: https://www.econbiz.de/10005837068
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Проанализированы основные идеи М. Туган-Барановского и Е.Слуцкого в контексте распространения маржиналистских идей в Украине. Выявлено решающее влияние...
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This is a prepublication version of the article by the same name in the Journal of Australian Political Economy. It should be cited as “Freeman, A. 2012 'The Profit Rate in the Presence of Financial Markets: a Necessary Correction'. Journal of Australian Political Economy, Number 70, Summer...
Persistent link: https://www.econbiz.de/10011258153
Economy. Please cite as Freeman, A. 2010. ‘Trends in Value Theory since 1881’, World Review of Political Economy Volume 1 No …. 4, Fall 2010. pp567-605. The article surveys the key ideas and currents of thinking about Marx’s value theory since he … Interpretation (TSSI) of Marx’s ideas, an approach to Marx’s theory of value which has secured significant attention in recent years …
Persistent link: https://www.econbiz.de/10011258920
-employment and prices, and its own value theory which draws upon various heterodox traditions. Starting with the Sraffian technical … delineation of the heterodox theory of value. …
Persistent link: https://www.econbiz.de/10009147900
This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the … theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to … argue that Sraffa presents a theory of value within the classical tradition that does not require a notion of equilibrium of …
Persistent link: https://www.econbiz.de/10009365330
This paper compares the theory of value and distribution of Arrow and Debreu [1954] with that of Sraffa [1960]. I … variables. In terms of entailments, in Sraffa's theory there is an insufficiency of determinants in the economic grounds of … society, rendering this theory purely economic, rather than political-economic, as in Sraffa. Both the information content …
Persistent link: https://www.econbiz.de/10009370820
This paper compares the models of Arrow and Debreu [1954] and Sraffa [1960], and concludes that (1) the models are informationally distinct conceptions of a capitalist economy, (2) they support radically distinct – though complete and entirely correct – theories of value, (3) the prices in...
Persistent link: https://www.econbiz.de/10009371454
approach to the theory of value. As a result, the theory of value takes a more general form and the labor theory of value …
Persistent link: https://www.econbiz.de/10008685573