2021
DOI: 10.1093/cpe/bzab004
View full text |Buy / Rent full text
|
Sign up to set email alerts
|

Abstract: This paper is based on a spectral–controllability analysis of the Sraffian price system and develops a relevant reconstruction of the theory of value. It shows that (i) the hitherto competing theories of value correspond to specific complex plane locations of the eigenvalues of the vertically integrated technical coefficients matrix; and (ii) the real-world economies cannot be coherently analyzed in terms of the traditional theory of value (classical, Marxian, Austrian, and neoclassical), despite the fact that… Show more

Help me understand this report

This publication either has no citations yet, or we are still processing them

Set email alert for when this publication receives citations?

See others like this or search for similar articles