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Besicovitch, Sraffa, and the existence of the Standard commodity

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  • Salvadori, Neri

Abstract

The proof of the existence of the Standard commodity contained in Sraffa's book (section 37) has been debated recently. Lippi (2008) has argued that the algorithm in section 37 of Sraffa’s book is not precisely stated and does not need to converge to the desired eigenvalue and eigenvector. In this paper I will show that also the proof provided by Besicovitch to Sraffa on 21 September 1944 is incomplete, but it can easily be completed.

Suggested Citation

  • Salvadori, Neri, 2010. "Besicovitch, Sraffa, and the existence of the Standard commodity," MPRA Paper 24188, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:24188
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    References listed on IDEAS

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    1. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, October.
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    More about this item

    Keywords

    Sraffa; Besecovitch; Standard Commodity; Perron-Frobenius Theorem;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other

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