**From:** Ian Wright (*iwright@GMAIL.COM*)

**Date:** Tue Nov 23 2004 - 12:30:49 EST

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According to Pasinetti's "lectures on the theory of production" the paradigmatic Sraffian model has either an exogenous wage rate or profit rate parameter. Choosing one determines the other, and fixes relative prices. Hence, prices reflect the distribution of the surplus between wages and profits. Assuming this to be a correct characterisation, I'd be grateful if anyone could tell me of attempts to "close" this model, in the sense of allowing wages, or profits, or both, to be endogenously determined (rather than assuming that wages or profits are determined by non-economic factors and hence not a subject of economic analysis). My apologies if this is a hopelessly naive question. Any help appreciated. -Ian.

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