A Sraffian critique of the classical notion of centre of gravitation.
In: Cambridge Journal of Economics, Jg. 33 (2009-11-01), Heft 6, S. 1065-1087
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Zugriff:
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 effectual demands, do not lead to a ‘centre of gravitation’. We work out all such possible market mechanisms, including the specific classical case, and show that the ‘centre of gravitation’ is a non-attractive point in all cases. [ABSTRACT FROM PUBLISHER]
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Titel: |
A Sraffian critique of the classical notion of centre of gravitation.
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Autor/in / Beteiligte Person: | Dupertuis, Michel-Stéphane ; Sinha, Ajit |
Zeitschrift: | Cambridge Journal of Economics, Jg. 33 (2009-11-01), Heft 6, S. 1065-1087 |
Veröffentlichung: | 2009 |
Medientyp: | academicJournal |
ISSN: | 0309-166X (print) |
DOI: | 10.1093/cje/ben050 |
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