A Sraffian (no) trade†off between autonomous demand and transfer payments

Theodore Mariolis ()

Metroeconomica, 2018, vol. 69, issue 2, 473-487

Abstract: This paper explores the matrix demand multiplier in Sraffian frameworks and shows that it involves an autonomous demand†transfer payments curve, which exhibits formal similarities with the well†known consumption (wage)†growth (profit) curve in steady†state capital and growth theory.

Date: 2018
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