Sraffa's early contribution to competitive price theory
In this paper, Sraffa's 1925 contribution to competitive price theory is reconsidered. It is argued that Sraffa's 1925 framework of analysis is a 'general' equilibrium model of the supply side of the economy with many Ricardian features. It is suggested that Samuelson's 1959 Ricardian model and 1971 Marshallian specific-factors model may help re-analyse Sraffa's 1925 work along the lines outlined above. It is also contended that the elements of continuity between Sraffa's early work and Production of Commodities are more pronounced than commonly believed.
Year of publication: |
2001
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Authors: | Freni, Giuseppe |
Published in: |
The European Journal of the History of Economic Thought. - Taylor & Francis Journals, ISSN 0967-2567. - Vol. 8.2001, 3, p. 363-390
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Publisher: |
Taylor & Francis Journals |
Keywords: | Sraffa Partial Vs. General Equilibrium Supply Curves Specific-FACTORS Models |
Saved in:
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