A Revolution in Economic Theory: A New Beginning
Sinha, Ajit
2016-08-19 00:00:00
[In the Notes titled ‘Winter 1927–28’, Sraffa begins to work out his ‘equations’. It was quite easy for him to see that in a subsistence economy or the economy with ‘no surplus’, the relative prices of commodities could be directly determined by the given physical input–output data:]
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[In the Notes titled ‘Winter 1927–28’, Sraffa begins to work out his ‘equations’. It was quite easy for him to see that in a subsistence economy or the economy with ‘no surplus’, the relative prices of commodities could be directly determined by the given physical input–output data:]
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