Necessary and Sufficient Conditions for Constant Prices in a Sraffa’s Model

Giorgio Giorgi

doi:10.2478/candc-2022-0020

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Necessary and Sufficient Conditions for Constant Prices in a Sraffa’s Model

Control and Cybernetics

Volume 51 (2022): Issue 3 (September 2022)

By: Giorgio Giorgi

Open Access

|Mar 2023

Abstract

We give a simple and direct proof of necessary and sufficient conditions to have constant equilibrium prices in a simple Sraffa’s production model. We make some remarks on the linearity of the relation between profit rate and wage rate.

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Articles in this issue

DOI: https://doi.org/10.2478/candc-2022-0020 | Journal eISSN: 2720-4278 | Journal ISSN: 0324-8569

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Language: English

Page range: 327 - 341

Submitted on: Feb 1, 2022

Accepted on: May 1, 2022

Published on: Mar 22, 2023

Published by: Systems Research Institute Polish Academy of Sciences

In partnership with: Paradigm Publishing Services

Publication frequency: 4 issues per year

Keywords:

Sraffa’s price system,

uniform organic composition of capital,

standard system,

labour value theory

Related subjects:

Computer sciences,

Computer sciences, other,

Engineering,

Electrical engineering,

Fundamentals of electrical engineering,

Mechanical engineering,

Fundamentals of mechanical engineering,

Mathematics,

General mathematics

© 2023 Giorgio Giorgi, published by Systems Research Institute Polish Academy of Sciences
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Volume 51 (2022): Issue 3 (September 2022)