Demystifying Sraffa’s Theory of Value in the Light of Arrow and Debreu

concludes that (1) the models are informationally distinct conceptions of a capitalist economy, (2) they support radically distinct – though complete and entirely correct – theories of value, (3) the prices in the two theories are different both in terms of definitions and values, (4) in Sraffa‘s mo...

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Veröffentlicht in:	MAGKS - Joint Discussion Paper Series in Economics (Band 50-2011)
1. Verfasser:	Naqvi, Nadeem
Format:	Artikel
Sprache:	Englisch
Veröffentlicht:	2011
Schlagworte:	capital constant returns to scale exchange values relations of production income distribution theory of value Wirtschaft general equilibrium prices marginal product counterfactual information Economics
Online-Zugang:	PDF-Volltext
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