This article examines some controversial issues in the classical-type (Sraffian) long period theory; in particular it criticizes the idea according to which the assumption of given sectoral outputs should necessarily constitute the distinguishing feature of classical-type theories of prices and distribution. The main upshot of the argument is that the fundamental critique of logical inconsistency, that Sraffian authors have addressed to the Walrasian-type general equilibrium models with capital accumulation, applies also to Sraffa’s theory of prices when this latter is meant to portray a long period position of the economy. It is also suggested that the study of classical-type temporary positions should become part of the Sraffian research program.

Prices and Quantities: Possible Solutions within a Post-classical Research Program

D'ORLANDO, Fabio;NISTICO', Sergio
2000

Abstract

This article examines some controversial issues in the classical-type (Sraffian) long period theory; in particular it criticizes the idea according to which the assumption of given sectoral outputs should necessarily constitute the distinguishing feature of classical-type theories of prices and distribution. The main upshot of the argument is that the fundamental critique of logical inconsistency, that Sraffian authors have addressed to the Walrasian-type general equilibrium models with capital accumulation, applies also to Sraffa’s theory of prices when this latter is meant to portray a long period position of the economy. It is also suggested that the study of classical-type temporary positions should become part of the Sraffian research program.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11580/7198
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
social impact