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This paper exposes mathematically Charasoff s results on linear production systems. Charasoff developed an algorithm for the iterative calculation of the Leontief inverse, the concepts of basic and non-basic commodities, as well as the Srajfian standard system. This allowed him, given the real...
Persistent link: https://www.econbiz.de/10005278333
In this article it is shown that values with joint production are always positive but not unambiguously determined. Steedman's "negative values" result from the arbitrary and economically contradictory postulate of equality between individual and average productivity of value. They are not...
Persistent link: https://www.econbiz.de/10010797152