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A comment to Fratini's “Rent as a share of product and Sraffa’s price equations”

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  • Yoann Verger

    (INRA - Institut National de la Recherche Agronomique)

Abstract

This comment from Fratini's article "Rent as a share of product and Sraffa's price equations" corrects Fratini's demonstration that rent as a share of the product and rate of profits could both increase at the same time. By doing so, this comment underlines the specificity of Sraffa's theory of value, and especially the need to only analyze systems of production where exchanges are needed to reproduce the system.

Suggested Citation

  • Yoann Verger, 2016. "A comment to Fratini's “Rent as a share of product and Sraffa’s price equations”," Working Papers hal-01415471, HAL.
    • Handle: RePEc:hal:wpaper:hal-01415471
    Note: View the original document on HAL open archive server: https://hal.science/hal-01415471
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    References listed on IDEAS

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    1. 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.
    2. Pasinetti,Luigi, 1993. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521432825, October.
    3. Michel‐Stéphane Dupertuis & Ajit Sinha, 2009. "Existence Of The Standard System In The Multiple‐Production Case: A Solution To The Manara Problem," Metroeconomica, Wiley Blackwell, vol. 60(3), pages 432-454, July.
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    Keywords

    Sraffa; rent; rate of profits; self-reproducing process; theory of value;
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