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dc.contributor.author
Brondino, Gabriel
dc.contributor.author
Lazzarini, Andrés Lucas Rodrigo
dc.date.available
2019-04-03T15:26:31Z
dc.date.issued
2017-12
dc.identifier.citation
Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo; Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics; Emerald Publishing; Research in the History of Economic Thought and Methodology; 35; 2; 12-2017; 131-151
dc.identifier.issn
0743-4154
dc.identifier.uri
http://hdl.handle.net/11336/73039
dc.description.abstract
The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Emerald Publishing
dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
Sraffa
dc.subject
Marshall
dc.subject
Supply Curves
dc.subject
Returns
dc.subject.classification
Economía, Econometría
dc.subject.classification
Economía y Negocios
dc.subject.classification
CIENCIAS SOCIALES
dc.title
Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2019-04-03T13:13:13Z
dc.journal.volume
35
dc.journal.number
2
dc.journal.pagination
131-151
dc.journal.pais
Estados Unidos
dc.description.fil
Fil: Brondino, Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional del Litoral; Argentina
dc.description.fil
Fil: Lazzarini, Andrés Lucas Rodrigo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín; Argentina
dc.journal.title
Research in the History of Economic Thought and Methodology
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://www.emeraldinsight.com/doi/10.1108/S0743-41542017000035B006
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/https://dx.doi.org/10.1108/S0743-41542017000035B006
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