Hostname: page-component-78c5997874-ndw9j Total loading time: 0 Render date: 2024-11-19T13:40:41.269Z Has data issue: false hasContentIssue false
  • English
  • Français

Notes on Sraffa's fixed capital model

Published online by Cambridge University Press:  17 February 2009

J. E. Woods
J. E. Woods
Affiliation:
Department of Economics, University of Dublin, Trinity College, Dublin 2, Ireland
Rights & Permissions [Opens in a new window]

Abstract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

This paper considers a single-product industries, fixed capital model discussed briefly by Sraffa in Chaapter X if his book. The analysis is elementary, being based on the direct calculation of a certain martrix inverse. This generalises the approach adopted for circulating capital models. It also demonstrates that common economic and mathematical frameworks exist for both circulating and fixed capital models.

Type
Research Article
Information
The ANZIAM Journal , Volume 26 , Issue 2 , October 1984 , pp. 200 - 232
Copyright
Copyright © Australian Mathematical Society 1984

References

[1]Burmesiter, E. and Doebell, A. R., Mathematical theories of economic growth (Macmillan, New York, 1970).Google Scholar
[2]Morishima, M., Equilibrium, stability and growth (Oxford University Press, Oxford, 1964).Google Scholar
[3]Morishima, M., The theory of economic growth (Oxford University Press, Oxford, 1964).Google Scholar
[4]Von Neumann, J., “A model of general economic equilibrium”, Rev. Econom. Stud. 13 (1945–1946).1–9CrossRefGoogle Scholar
[5]Newman, P., “Production of commodities by means of commodities”, Schweizer. Z. Volkswirtschaft und Statistik 98 (1962), 58–75.Google Scholar
[6]Pasinetti, L. L., Lectures on the theory of production (Macmillan, London, 1977).CrossRefGoogle Scholar
[7]Pasinetti, L. L. (ed.), Essays on the theory of joint production (Macmillan, London, 1980).CrossRefGoogle Scholar
[8]Sraffa, P., Production of commodities by means of commodities (Cambridge University Press, Cambridge, 1960).Google Scholar
[9]Woods, J. E., Mathematical economics (Longmans, London, 1978).Google Scholar
[10]Woods, J. E., “Matrices, the Perron-Frobenius theorem and the theory of fixed capital’, paperr present at the European Meeting of the Econometric Socity, Dublin, September, 1982.Google Scholar