Corn-model, subsistence economy and the empirical economy

This chapter argues that the nature of the problem of determining prices and the uniform rate of profits of Sraffa's surplus producing system can be conceptually separated into his two simpler systems: corn-model and the subsistence economy. This clearly reveals that his solution of this proble...

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Veröffentlicht in:	Keynesian, Sraffian, computable and dynamic economics
1. Verfasser:	Sinha, Ajit (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2021
Schlagworte:	Basic goods system > Commodity residue > Corn-model > Sraffa > Standard commodity > Standard system > Subsistence economy > Aufsatz im Buch
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Zusammenfassung:	This chapter argues that the nature of the problem of determining prices and the uniform rate of profits of Sraffa's surplus producing system can be conceptually separated into his two simpler systems: corn-model and the subsistence economy. This clearly reveals that his solution of this problem eschews the classical notion of "effectual demand" and the mechanism of "centre of gravitation".
ISBN:	9783030581305 9783030581336