Charitable 发表于 2025-3-26 23:47:11
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The Standard Commodity as a Tool of Economic Analysisturn to the classical theory of accumulation by providing a modern formulation of a classical theory of value. He showed that prices are determined and vary in function of the rate of profit, if the quantities to be produced are given with the technology in use. On the one hand, the variations in thCRUDE 发表于 2025-3-27 16:43:02
On Counting Equationsproduct systems: prices may fluctuate even if expressed in terms of the wage rate, they may turn negative, the standard commodity may not exist, etc. If joint production is, by contrast, approached in terms of inequalities (von Neumann’s method), positive prices and a tradeoff between real wages and忧伤 发表于 2025-3-27 18:42:29
Von Neumann and Sraffa: Mathematical Equivalence and Conceptual Differencegy; a parallel article gives the mathematical background with complete proofs but without the interpretation proposed here (see Chapter 5 in this volume and the summary of mathematical definitions and results in the Appendix).peak-flow 发表于 2025-3-28 01:16:23
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Fixed Capital as a Joint Productital’ depending on the prevailing rate of profit. But because these discussions were about a critique of the neoclassical theory of value and distribution and not about a new comprehensive theory of capital, they have been conducted either in terms of circulating capital without machines or in termsadj忧郁的 发表于 2025-3-28 14:30:27
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