Sraffian Thoughts in Full Marginalist Dress

9 Pages Posted: 30 Sep 2013

See all articles by Ian Steedman

Ian Steedman

Manchester Metropolitan University - Department of Economics

Date Written: November 2013

Abstract

In the single‐products economy considered here, every industry has a constant‐elasticity‐of‐substitution unit cost function; moreover that constant‐elasticity‐of‐substitution is the same for each industry (0 < σ < 1). When this strongly ‘marginalist’ system is looked at from a Sraffian perspective, it is found that some significant properties of the system are not in line with normal marginalist expectations.

Suggested Citation

Steedman, Ian, Sraffian Thoughts in Full Marginalist Dress (November 2013). Metroeconomica, Vol. 64, Issue 4, pp. 598-606, 2013, Available at SSRN: https://ssrn.com/abstract=2332949 or http://dx.doi.org/10.1111/meca.12022

Ian Steedman (Contact Author)

Manchester Metropolitan University - Department of Economics ( email )

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