This paper outlines a multisector dynamic model of the convergence of market prices to natural prices in conditions of fixed technology and composition of demand. Prices and quantities adjust in real-time in response to excess supplies and differential profit-rates. Finance capitalists earn...

This paper describes a nonlinear dynamic model of the convergence of market prices to natural prices in a multisector "simple production" economy under conditions of a constant technique and composition of demand. Prices and quantities adjust in real time according to the classical principle of...