Una visión crítica del problema de indeterminación de la distribución del ingreso en el sistema económico de Piero Sraffa

Alejandro Rodríguez Arana (alejandro.rodriguez@ibero.mx)
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Alejandro Rodríguez Arana: Department of Economics, Universidad Iberoamericana, Mexico City. Mexico

Working Papers from Universidad Iberoamericana, Department of Economics

Abstract: The model by Piero Sraffa (Sraffa (1960)) proposes and indeterminacy in the distribution of income, which has important implications since its arbitrary determination modifies relative prices among goods. This paper shows that when we include equations of production and the Ramsey´s 1928 model of demand for goods, the indeterminacy of the Sraffian system disappears provided there is full employment of labor. Relative prices of goods in terms of wages are determined as a variant of the labor theory of value, nonetheless.

Date: 2015
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