{"title":"A Sraffian Critique of the Classical Notion of Centre of Gravitation","authors":"Michel-Stéphane Dupertuis, A. Sinha","doi":"10.1093/CJE/BEN050","DOIUrl":null,"url":null,"abstract":"In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that the classical notion of 'centre of gravitation' is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given effectual demands, do not lead to a 'centre of gravitation'. We work out all such possible market mechanisms, including the specific classical case, and show that the 'centre of gravitation' is a non-attractive point in all cases. Copyright The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.","PeriodicalId":103473,"journal":{"name":"Essays on Theories of Value in the Classical Tradition","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2009-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"8","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Essays on Theories of Value in the Classical Tradition","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1093/CJE/BEN050","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 8
Abstract
In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that the classical notion of 'centre of gravitation' is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given effectual demands, do not lead to a 'centre of gravitation'. We work out all such possible market mechanisms, including the specific classical case, and show that the 'centre of gravitation' is a non-attractive point in all cases. Copyright The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
