Price Scheme Cones

Ian Steedman

Chapter 16 in Prices, Growth and Cycles, 1997, pp 270-279 from Palgrave Macmillan

Abstract: Abstract It goes without saying that, in any linear model of production, relative commodity prices are determined by the conditions of production, on the one hand, and by wage, rent and profit rates, etc., on the other. It may therefore be useful to be able to ‘separate out’ the two sets of influences — production conditions and distribution, in brief — and the object of this essay is to show how that can be done.

Date: 1997
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DOI: 10.1007/978-1-349-25275-6_16

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