This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to argue that Sraffa presents a theory of value...

This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to argue that Sraffa presents a theory of value...

The present paper aims at reviewing the economic crises that have occurred since the 19th century until the present. There have also been considered the causes that generated such crises, the way in which they manifested and the effects they generate. The state intervention represents a form of...