This is also Frank Hahn's argument, as I understand it. But Sraffian prices are
determined independently of demand. Now I suppose that one could set up one's
argument so that such a difference was presented as a "special case" -- a
"special case" where demand doesn't play any role, etc.-- but
The difference seems to be that Sraffian prices are decidedly long run. That is why
the supply curves are horizontal. The Arrow-Debreu-Walras has no time whatsoever,
or all time is collapsed into a perfectly anticipated view of the future.
"Forstater, Mathew" wrote:
This is also Frank
talist society;
(2) the problems of reproducing that society over time;
(3) the contradictions of the system (which seems to be a restatement of
#2); and
(4) the concept of uneven development.
To their credit, though they don't say so, this list excludes
Ricardo-Sraffa (neo-Ricardian) economi
class nature of capitalist society;
(2) the problems of reproducing that society over time;
(3) the contradictions of the system (which seems to be a restatement of
#2); and
(4) the concept of uneven development.
To their credit, though they don't say so, this list excludes
Ricardo-Sraffa (neo-Ric
