Economics at your fingertips  

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

Alejandro Rodríguez Arana ()
Additional contact information
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
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... itica_Arana_2015.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Working Papers from Universidad Iberoamericana, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Pablo Cotler ( this e-mail address is bad, please contact ).

Page updated 2022-09-29
Handle: RePEc:uic:wpaper:0315