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Production of Commodities by Means of Commodities without the self-replacing assumption
Stefano Zambelli

Last modified: 2018-06-20

Abstract


Sraffa's book Production of Commodities by Means of Commodities (PCMC) is a study of prices that would allow the system to reproduce itself, that is at constant physical quantities to be produced and distributed. \Zambelli (2018b) has shown that the assumption of uniform rates of profits is not at all necessary to assure that the system is reproducible, both in the short run as well as in the long-run.

In this paper we generalize the Sraffian Schemes to the cases in which there is change in the composition of the output and where financial magnitudes are endogenous.


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