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Price Scheme Cones

In: Prices, Growth and Cycles

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  • Ian Steedman

Abstract

It goes without saying that, in any linear model of production, relative commodity prices are determined by the conditions of production, on the one hand, and by wage, rent and profit rates, etc., on the other. It may therefore be useful to be able to ‘separate out’ the two sets of influences — production conditions and distribution, in brief — and the object of this essay is to show how that can be done.

Suggested Citation

  • Ian Steedman, 1997. "Price Scheme Cones," Palgrave Macmillan Books, in: András Simonovits & Albert E. Steenge (ed.), Prices, Growth and Cycles, chapter 16, pages 270-279, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25275-6_16
    DOI: 10.1007/978-1-349-25275-6_16
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    Cited by:

    1. Ian Steedman, 1999. "Values Do Follow a Simple Rule!," Economic Systems Research, Taylor & Francis Journals, vol. 11(1), pages 5-14.

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