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https://hdl.handle.net/10419/65702
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Wright, Ian | en |
dc.date.accessioned | 2011-03-17 | - |
dc.date.accessioned | 2012-11-01T13:56:48Z | - |
dc.date.available | 2012-11-01T13:56:48Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/65702 | - |
dc.description.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. | en |
dc.language.iso | eng | en |
dc.publisher | |aThe Open University, Economics Department |cMilton Keynes | en |
dc.relation.ispartofseries | |aOpen Discussion Papers in Economics |x75 | en |
dc.subject.ddc | 330 | en |
dc.subject.stw | Preistheorie | en |
dc.subject.stw | Anpassung | en |
dc.subject.stw | Theorie | en |
dc.title | Convergence to natural prices in simple production | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 654352348 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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