Shaikh, Anwar; Coronado, José Alejandro; Nassif-Pires, … - In: European Journal of Economics and Economic Policies: … 17 (2020) 2, pp. 265-275
This paper focuses on a key concern of the Cambridge capital controversies: Sraffa's theoretical demonstration that competitive relative prices, and hence the money value of aggregate capital, can vary in complex ways as the wage share (profit rate) changes. We find that, on the contrary,...