Re: Which label: neo-Ricardian, surplus approach, or linear production theory?

From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Wed Dec 03 2003 - 01:10:33 EST

--- mongiovg <mongiovg@STJOHNS.EDU> wrote:
> Well, you can't go wrong with "linear production
> theory."  "Surplus approach"
> works if you're talking about Sraffa, Pasinetti and
> Steedman, but doesn't
> really fit for Leontief and I think there is some
> ambiguity as regards von
> Neumann (though Kurz & Salvadori put vN squarely in
> the Sraffian tradition).

Leontief, and I think Neumann too, assume constant
returns to scale. Sraffa does not. I think all linear
production theory implicitly or explicitly assume
constant returns to scale. Whereever you see a(ij)'s
in linear production equations, you know that CRS is
implicitly assumed. Of course, no such a(ij)'s appear
in Sraffa's equations. So I would think that Sraffa
should not be clubed under 'linear production theory'.
Cheers, ajit sinha
> No one to whom the label "neo-Ricardian" is applied
> likes it, so I'd avoid it
> simply on the grounds of good manners. I suspect
> that it is often used by some
> Marxists or critical realists to suggest a certain
> bourgeoise backwardness.
> Regards,
> Gary
> >===== Original Message From Ian Wright
> <ian_paul_wright@HOTMAIL.COM> =====
> >I would like to use the correct or accepted label
> for the class of economic
> >models associated with Von Neumann, Sraffa,
> Pasinetti, Steedman and
> >others. The common elements I want to characterise
> are: (i) simultaneous
> >solution to a set of technical-production
> constraints, (ii) distribution of
> >a physical, surplus product, (iii) production of
> commodities by means of
> >commodities.
> >Can anyone tell me what is the accepted label for
> this class of models?
> >I've come across labels such as "neo-Ricardian",
> "surplus approach",
> >"linear production theory" and "physical quantities
> approach". Is there a
> >commonly accepted label that the practitioners
> accept?
> >
> >Thanks for any help in advance.
> >
> >-Ian.
> >
> >The new MSN 8: smart spam protection and 2 months
> >

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