@techreport{Wright2011Convergence,
abstract = {This paper describes a nonlinear dynamic model of the convergence of market prices to natural prices in a multisector simple production economy under conditions of a constant technique and composition of demand. Prices and quantities adjust in real time according to the classical principle of cross-dual dynamics. The economy gravitates toward an asymptotically stable equilibrium in which natural prices are proportional to labor-values. To demonstrate an application of the model we reply to Mirowski's (1989) critique that Marx held a contradictory substance and field theory of value.},
address = {Milton Keynes},
author = {Ian Wright},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {330; Preistheorie; Anpassung; Theorie},
language = {eng},
number = {75},
publisher = {Economics Department, Faculty of Social Sciences, the Open Univ.},
title = {Convergence to natural prices in simple production},
type = {Open Discussion Papers in Economics, The Open University},
url = {http://hdl.handle.net/10419/65702},
year = {2011}
}
