Besicovitch, Sraffa, and the existence of the Standard commodity

The proof of the existence of the Standard commodity contained in Sraffa's book (section 37) has been debated recently. Lippi (2008) has argued that the algorithm in section 37 of Sraffa’s book is not precisely stated and does not need to converge to the desired eigenvalue and eigenvector. In this paper I will show that also the proof provided by Besicovitch to Sraffa on 21 September 1944 is incomplete, but it can easily be completed.

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Year of publication:	2010-07-31
Authors:	Salvadori, Neri
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Sraffa \| Besecovitch \| Standard Commodity \| Perron-Frobenius Theorem

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	B31 - Individuals ; B23 - Econometrics; Quantitative Studies ; B29 - History of Economic Thought since 1925. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008548820