IDEAS home Printed from https://ideas.repec.org/a/lde/journl/y2010i73p99-130.html
   My bibliography  Save this article

Elements for a Classical Theory of Equilibrium and Disequilibrium Prices

Author

Listed:
  • Alexander Tobón
  • Eduardo Bolaños

Abstract

This paper intends to present an unconventional approach to the classical theory of relative prices based on recent developments and current limitations. Using the work of Carlo Benetti, Christian Bidard y Edith Klimovsky (Bidard and Klimovsky, 2006) as a conceptual framework that generalizes the classical theory of production prices, this analysis provides explanations for both equilibrium and disequilibrium cases. Accordingly, this paper depicts the importance of this new theoretical model, its initial hypothesis, structure, main properties and proficiency for explaining economic dynamics.

Suggested Citation

  • Alexander Tobón & Eduardo Bolaños, 2010. "Elements for a Classical Theory of Equilibrium and Disequilibrium Prices," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 73, pages 99-130.
    • Handle: RePEc:lde:journl:y:2010:i:73:p:99-130
    as

    Download full text from publisher

    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/810
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Relative prices; benefit accrual rates; reproduction of capital; balance classic; classical balance.;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lde:journl:y:2010:i:73:p:99-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlos Andrés Vasco Correa (email available below). General contact details of provider: https://edirc.repec.org/data/deantco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.