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Necessary and Sufficient Conditions for Constant Prices in a Sraffa’s Model

Giorgio Giorgi
Giorgio Giorgi
   | Mar 22, 2023
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Published Online: Mar 22, 2023
Page range: 327 - 341
Received: Feb 01, 2022
Accepted: May 01, 2022
DOI: https://doi.org/10.2478/candc-2022-0020
Keywords
© 2022 Giorgio Giorgi, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

We give a simple and direct proof of necessary and sufficient conditions to have constant equilibrium prices in a simple Sraffa’s production model. We make some remarks on the linearity of the relation between profit rate and wage rate.

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Language:
English
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Computer Sciences, other, Engineering, Electrical Engineering, Fundamentals of Electrical Engineering, Mechanical Engineering, Fundamentals of Mechanical Engineering, Mathematics, General Mathematics
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