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In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that the classical notion of ‘centre of gravitation' is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given...
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In this paper we show that the Manara problem in the case of Sraffa's generalized multiple-production case arises due to the presence of superfluous processes of production. We argue that 'goods' should be defined from the perspective of the system and not the observer. We provide a mathematical...
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This paper argues that the condition of uniform rate of profits in Sraffa's system is not based on his implicit assumption that the system is at the 'equilibrium' or the center of gravitation. It is rather a logical requirement of a reproducing system of basic goods as long as prices are not...
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