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

Yoann Verger ()
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Yoann Verger: INRA - Institut National de la Recherche Agronomique

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Abstract: 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.

Keywords: Sraffa; rent; rate of profits; self-reproducing process; theory of value (search for similar items in EconPapers)
Date: 2016-12-13
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
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