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The Ricardian dynamics study the evolution of distribution when demand increases. The successive marginal methods in agriculture are determined by means of a rule which has never been stated explicitly by Ricardo's commentators. But the rule also allows us to point at two limits of Ricardo's...
Persistent link: https://www.econbiz.de/10010896304
The parametric Lemke algorithm finds an odd number of solutions to the linear complementarity problem LCP (q, M), for a matrix M with zero blocks on the diagonal and vector q within a certain domain. A criterion for monotonicity and uniqueness is given. The algorithm applies to the determination...
Persistent link: https://www.econbiz.de/10010896317
In order to extend the theory of value and the trade-off property to economic systems with lands, Ricardo reduced their study to that of productive systems without lands by considering the marginal agricultural methods. Sraffa generalised the analysis to prices of production and rejected the...
Persistent link: https://www.econbiz.de/10010896333
We consider a bisector reproduction model in which money is introduced as a pure means of exchange issued by a bank at the producers' requests. Each capitalist aims at maximising accumulation in his own sector. Their plans are based on available quantities and expected prices. Effective prices...
Persistent link: https://www.econbiz.de/10010896336
Maurice Potron (1872-1942) is a French Jesuit and mathematician whose main source of inspiration in economics is the encyclical Rerum Novarum. With virtually no knowledge in economic theory, he wrote down a linear model of production in which he formalized the notions of just prices and just...
Persistent link: https://www.econbiz.de/10004966952
Is the neo-Ricardian conception of prices, as formalized and studied by Sraffa, an alternative to the marginalist theory? The "post-classical program" presumes a positive answer: the Sraffian construction then appears as a prelude to a critique of economic theory, which might be complemented by...
Persistent link: https://www.econbiz.de/10008556478