Re: [OPE-L] basics vs. non-basics

From: Ian Wright (wrighti@ACM.ORG)
Date: Wed Oct 05 2005 - 12:32:31 EDT

Hi Ajit

> The bean example only shows a logical case where it is
> imposible to maintain equal prices and equal rate of
> profits accross sectors. It also points to the fact
> that Sraffa is following Adam Smith in maintaining
> equal rate of profits as a mark up on costs for quoted
> supply prices. In this case, the producers of beans
> could still qoute a price by marking up the costs by
> the normal rate of profit, by adjusting the price of
> the beans on the cost side. Chers, ajit sinha

Are you saying that in this case input prices do not equal output prices?


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