From: Ian Wright (wrighti@ACM.ORG)
Date: Tue Apr 24 2007 - 17:04:18 EDT
> However, as far as I know, it has not been stressed, in my opinion, the fact that it is > not simply a special case in which the marxian transformation holds. This > situation is precisely the case in which the system reproduces, having a > surplus in the exact demanded input quantities and with no waste or scarcity > of new inputs (replacing previous consumed constant capital and adding new > investment that cover all surplus). Dear VicenÁ, Sorry I cannot open Excel files. But if I recall correctly, an economy in Sraffa's "standard proportions" is indeed growing at its maximum possible rate. In this case, prices of production are proportional to standard labour-values, hence no transformation is required. This is a known result; I think Morishima discusses it. Best, -Ian.
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