Sraffa and the question of equilibrium (notice n° 351305)
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| fixed length control field | 01270cam a2200169 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250118033741.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Sinha, Ajit |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Sraffa and the question of equilibrium |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2009.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 83 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Hahn’s (1982) influential critique of Sraffa (1960) crucially rests on his conclusion that "the only falsifiable entailment of the Sraffa equations is the postulate of a uniform rate of profit". This paper argues that the uniformity of the rates of profit in Sraffa’s system is not an assumption but rather a logical necessity of a system that determines its prices internally. It also shows that Hahn incorrectly identifies Sraffa’s sectoral rates of profit with commodities’ ‘own rates of profit’ of the intertemporal general equilibrium theory. This mistake lies at the heart of Hahn’s claim that Sraffa’s theory is a special case of the general equilibrium theory. Classification JEL: B21, B23, B24, B51 |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Dupertuis, Michel-Stéphane |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Cahiers d'économie Politique | 56 | 1 | 2009-05-01 | p. 91-100 | 0154-8344 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-cahiers-d-economie-politique-1-2009-1-page-91?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-cahiers-d-economie-politique-1-2009-1-page-91?lang=fr&redirect-ssocas=7080</a> |
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