By the end of 1927, Sraffa, not yet in his thirties, showed Keynes a system of three linear and homogeneous equations to determine prices in an economy without surplus. We now know that these quot;first equationsquot; were to be the starting point for his future (1960) book. Considered as such,...

chapter Introduction -- chapter 1 Basic concepts -- chapter 2 Forerunners and founders W. Petty (1623–1687), T.R Malthus (1766–1834), -- chapter 3 Followers and critics, 1900 to 1920: from Hobson to Adriance -- chapter 4 Followers and critics, 1920 to 1940: From Cassel to Fraser -- chapter 5...

In this paper we investigate the tail behaviour of a random variable S which may be viewed as a functional T of a zero mean Gaussian process X, taking special interest in the situation where X obeys the structure which is typical for limiting processes ocurring in nonparametric testing of...

In this paper we investigate the tail behaviour of a random variable S which may be viewed as a functional T of a zero mean Gaussian process X, taking special interest in the situation where X obeys the structure which is typical for limiting processes ocurring in nonparametric testing of...

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

A model linking macroeconomic phenomena and income distribution in balanced growth equilibria is developed as a variant to the Kaldor model of factor shares. It departs from the original Kaldor model in assuming equal savings rates and production determined by a matching process between workers...