A consumption-growth linear relation

Article Abstract:

A linear model of the relation between consumption and economic development was presented. Most systems focus on how income distribution modulates the patterns of consumption. The model presented postulates that a price index is a better measurement of the relationship between economic growth and consumption. The model also notes the linearity of profit and wage rates.

Research, Models, Economic development, Consumption (Economics)

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On Sraffa's standard commodity

Article Abstract:

A proper definition of an 'invariable measure of value' is proposed. Further, it is proved that the Sraffa 'standard commodity' fulfils the requirements of this definition.

United Kingdom, Commodity markets

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On Sraffa's standard commodity: is its price invariant with respect to changes in income distribution?

Article Abstract:

The impact of income variance on commodity value, from the works of economist Piero Sraffa, is examined.

Italy, Commodity & service prices, Research and Development in the Social Sciences and Humanities, Economists, Prices and rates, Works, Commodities, Value (Economics), Company pricing policy, Sraffa, Piero

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