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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 a talented mathematician. A recent rediscovery of his economic model, which was left unnoticed in his times, lets Potron appear as a pioneer, both for the framework he conceived and the mathematical methods he used. Moreover, there are hints that...
Persistent link: https://www.econbiz.de/10010937867
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 maximizing accumulation in his own sector. Their plans are based on available quantities and expected prices. Effective prices...
Persistent link: https://www.econbiz.de/10010946169
We propose to re-read Ricardo's theory of rent and its modern versions. Ricardo's dynamic approach follows the transformations of a long-term equilibrium with demand. Sraffa adopted the same framework while substituting a value criterion for a physical criterion to determine the incoming...
Persistent link: https://www.econbiz.de/10010960388
[eng] The relationships between the classical and neoclassical theories are much more complex that the neo-Ricardians use to recognize. Sraffa's study is indeed a clever criticism fo some ancient versions of the marginalist theory, such as those developed by Bo'hm-Bawerk or J.B. Clark, but it...
Persistent link: https://www.econbiz.de/10010977355
[fre] Quelques difficultés liées à la définition et aux propriétés des systèmes non fondamentaux dans l'œuvre de Sraffa. [eng] Some difficulties connected with the definition and properties of non-basic systems in Sraffa's work.
Persistent link: https://www.econbiz.de/10010977445
Persistent link: https://www.econbiz.de/10010833552