A Pictorial Approach to the Standard Commodity with a Digression

Giorgio Gilibert

Chapter 10 in Sraffa and the Reconstruction of Economic Theory: Volume Three, 2013, pp 217-227 from Palgrave Macmillan

Abstract: Abstract If we wish to depict an economy, we need as many dimensions as the commodities that inhabit it. An economy in which only one commodity is produced and consumed is the simplest possible one and its picture, being one-dimensional, is represented by a straight line.

Keywords: Relative Price; Profit Rate; Productive Stock; Iron Industry; Standard Commodity (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31404-8_11

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DOI: 10.1057/9781137314048_11

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