Unperceived Inflation In Shaikh, And Kliman And Mcglone: Equilibrium, Disequilibrium, Or Nonequilibrium?  

Oleh:

Naples, Michele I.

Jenis: Article from Journal - e-Journal
Dalam koleksi: Capital & Class vol. 17 no. 3 (Dec. 1993), page 119-138.
Fulltext: 119.pdf (122.87KB)

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The two ‘iterative’ models discussed exhibit unanticipated inflation. Real industry profit rates are not uniform; then why should nominal profit rates be? Even at Marx’s first iteration, the real average (nonuniform) profit rate corrected for inflation does not equal the value rate. There is no iterative reconciliation of Marx with Sraffian equilibrium

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