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Prices, Reproduction, Scarcity

Author

Listed:
  • Christian Bidard

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

A contemporary study on the theory of production prices. That construction theory finds its roots in the Classical theory (mainly, Ricardo and Marx) updated by Sraffa (1960). It is a long-run theory based on the hypothesis of a uniform rate of profit across industries. At variance with the labour theory of value, relative prices depend on distribution. After a study of single-product systems (nonsubstitution and wage-maximisation properties), the stress is on the problems set by multiple-product systems, including those of the choice of techniques, fixed capital and rent. The treatment of exhaustible resources, for which the Hotelling rule implies a change in intertemporal relative prices, provides the opportunity of a comparison with the theory of general equilibrium.

Suggested Citation

  • Christian Bidard, 2004. "Prices, Reproduction, Scarcity," Post-Print hal-03094334, HAL.
    • Handle: RePEc:hal:journl:hal-03094334
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    Citations

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    Cited by:

    1. Fabio Ravagnani, 2008. "Classical Theory and Exhaustible Natural Resources: Notes on the Current Debate," Review of Political Economy, Taylor & Francis Journals, vol. 20(1), pages 79-93.
    2. Christian Bidard, 2014. "The Wage Curve in Austrian Models," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    3. Alberto Benítez Sánchez. & Alejandro Benítez Sánchez., 2012. "Upper and Lower Bounds for Capital and Wages," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 37(2), pages 11-32, Julio-Dic.
    4. Christian Bidard, 2020. "The Wage-Maximisation Property," EconomiX Working Papers 2020-17, University of Paris Nanterre, EconomiX.
    5. Saverio M. Fratini, 2016. "Rent as a share of product and Sraffa’s price equations," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(2), pages 599-613.
    6. Giorgio Giorgi, 2019. "Nonnegative Square Matrices: Irreducibility, Reducibility, Primitivity and Some Economic Applications," DEM Working Papers Series 175, University of Pavia, Department of Economics and Management.
    7. Christian Bidard, 2010. "Complementarity Problems and General Equilibrium," Working Papers hal-04140923, HAL.
    8. D’Agata, Antonio & Mori, Kenji, 2012. "A dynamic linear economy with characteristic-based endogenous technical coefficients," Structural Change and Economic Dynamics, Elsevier, vol. 23(3), pages 195-204.
    9. Bidard, Christian, 2014. "The Ricardian rent theory: an overview," Centro Sraffa Working Papers CSWP8, Centro di Ricerche e Documentazione "Piero Sraffa".
    10. Weikai Chen & Naoki Yoshihara, 2019. "Persistent Exploitation with Intertemporal Reproducible Solution in Pre-industrial Economies," UMASS Amherst Economics Working Papers 2019-10, University of Massachusetts Amherst, Department of Economics.
    11. Alberto Benítez Sánchez & Alejandro Benítez Sánchez, 2014. "Wages Paid in Kind in Self-Replacing Economies," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(5), pages 1-11, May.
    12. Alberto Benítez Sánchez & Alejandro Benítez Sánchez, 2014. "Viable Techniques, Leontief’s Closed Model, and Sraffa’s Subsistence Economies," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(11), pages 18-30, November.
    13. Borissov, Kirill & Dubey, Ram Sewak, 2020. "Growth with many agents and wages paid ex ante," Economic Modelling, Elsevier, vol. 89(C), pages 101-107.
    14. Vienneau, Robert L., 2021. "Fluke Switch Points in Pure Fixed Capital Systems," Centro Sraffa Working Papers CSWP48, Centro di Ricerche e Documentazione "Piero Sraffa".
    15. Alberto Benítez Sánchez & Alejandro Benítez Sánchez, 2014. "Wages Paid in Kind in Self-Replacing Economies," International Journal of Business and Social Research, LAR Center Press, vol. 4(5), pages 1-11, May.
    16. Richard Arena, 2014. "On the importance of institutions and forms of organisation in Piero Sraffa's economics: the case of business cycles, money, and economic policy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(5), pages 775-800, October.
    17. Alberto Benítez Sánchez & Alejandro Benítez Sánchez, 2014. "Viable Techniques, Leontief’s Closed Model, and Sraffa’s Subsistence Economies," International Journal of Business and Social Research, LAR Center Press, vol. 4(11), pages 18-30, November.
    18. Christian Bidard, 2014. "The Ricardian rent theory two centuries after," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    19. Torres-González, Luis Daniel, 2022. "The Characteristics of the Productive Structure Behind the Empirical Regularities in Production Prices Curves," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 622-659.
    20. Li, Wu, 2010. "A Study on Dynamic General Equilibrium under the Classical Growth Framework," MPRA Paper 25540, University Library of Munich, Germany.
    21. Antonio D'Agata, 2010. "Endogenous Adaptive Dynamics In Pasinetti Model Of Structural Change," Metroeconomica, Wiley Blackwell, vol. 61(2), pages 333-363, May.
    22. Li, Wu, 2015. "The Determination of the Equilibrium Exchange Rates Based on a General Equilibrium Model," MPRA Paper 68528, University Library of Munich, Germany.
    23. Akhabbar, Amanar & Lallement, Jérôme, 2010. "Wassily Leontief and Léon Walras: the Production as a Circular Flow," MPRA Paper 30207, University Library of Munich, Germany.
    24. PARYS, Wilfried, 2013. "All but one: How pioneers of linear economics overlooked Perron-Frobenius mathematics," Working Papers 2013030, University of Antwerp, Faculty of Business and Economics.

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