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.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1991
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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.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2004
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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.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2006
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