The Laws of Returns under Competitive Conditions

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ID: 298516
1926
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Abstract
A striking feature of the present position of economic science is the almost unanimous agreement at which economists have arrived regarding the theory of competitive value, which is inspired by the fundamental symmetry existing between the forces of demand and those of supply, and is based upon the assumption that the essential causes determining the price of particular commodities may be simplified and grouped together so as to be represented by a pair of intersecting curves of collective demand and supply. This state of things is in such marked contrast with the controversies on the theory of value by which political economy was characterised during the past century, that it might almost be thought that from these clashes of thought the spark of an ultimate truth had at length been struck…
Reference Key
openalex_W2769682857 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Piero Sraffa
Journal the economic journal
Year 1926
DOI
10.2307/2959866
URL
Keywords Keywords not found

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