Re: [OPE-L] equilibrium and simultaneous vs. sequential determination

From: Ian Hunt (ian.hunt@FLINDERS.EDU.AU)
Date: Thu Sep 06 2007 - 19:43:40 EDT

Bertram Schefold ("Fixed Capital as a Joint 
Product," Jahrbucher für Nationalökonomie und 
Statistik 192 (1977) has a Sraffa style model 
with unequal turnover periods of capital. So 
Fred's comment seems plainly wrong,

>--- Fred Moseley <fmoseley@MTHOLYOKE.EDU> wrote:
>>  And let’s not forget that the Sraffian method of
>>  simultaneous
>>  determination of input prices and output prices from
>>  given physical
>>  quantities is not really a viable theoretical
>>  alternative.  Because it
>>  is based on the completely unrealistic assumption
>>  that all industries
>>  have the same turnover period.  This is not a
>>  simplifying assumption,
>>  that could be relaxed at a later state of the
>>  theory, but is instead a
>>  necessary essential assumption that could not be
>>  relaxed, without which
>>  the theory doesn’t work.
>So Fred, Sraffa had never read Ricardo and Torrense?
>Or you have never read Ricardo? I leave aside your
>peculier interpretation of Marx's prices of
>production, because no matter how many times I show
>your elementary mistakes you are never going to
>acknowledge it. Cheers, ajit sinha
>Park yourself in front of a world of choices in 
>alternative vehicles. Visit the Yahoo! Auto 
>Green Center.

Associate Professor Ian Hunt,
Dept  of Philosophy, School of Humanities,
Director, Centre for Applied Philosophy,
Flinders University of SA,
Humanities Building,
Bedford Park, SA, 5042,
Ph: (08) 8201 2054 Fax: (08) 8201 2784

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