 | John Cunningham Wood - Business & Economics - 1991 - 686 pages
...competitively . . . must be regarded as constant in respect of small variations in the quantity produced. And so, as a simple way of approaching the problem...on the cost of production alone appears to hold its own as the best available" (Sraffa, 1926, pp. 540-4 1 ). For a statement of the argument that Sraffa's... | |
 | John Cunningham Wood - Business & Economics - 1991 - 686 pages
...classical price theory: "In normal cases the cost of production of commodities produced competitively . . . must be regarded as constant in respect of small variations in the quantity produced. And so, as a simple way of approaching the problem of competitive value, the old and now... | |
 | Ingrid Hahne Rima - Economists - 1991 - 308 pages
...part of Sraffa's argument is that "the cost of production of commodities produced competitively . . . must be regarded as constant in respect of small variations in the quantity produced."24 But instead of developing a competitive analysis based on constant costs, which might... | |
 | John Cunningham Wood - Biography & Autobiography - 1995 - 416 pages
...than their opposite (Sraffa, 1926, p. 540). It follows that in normal cases the cost of production of commodities produced competitively - as we are not...constant in respect of small variations in the quantity produced (ibid., pp. 540-541). It is interesting to speculate on the relationship between Sraffa's... | |
 | Heinz D. Kurz - Biography & Autobiography - 2000 - 480 pages
...accepted, if less exact, denomination of 'partial equilibrium'. In normal cases the cost of production of commodities produced competitively as we are not entitled...constant in respect of small variations in the quantity produced. (Sraffa, [1926] 1953, pp. 540-1; emphasis added)'3 and Sraffa leaves little doubt about the... | |
 | Philip Arestis, Malcolm C. Sawyer - Business & Economics - 2001 - 744 pages
...industry). Hence 'in normal circumstances the cost of production of commodities produced competitively . . . must be regarded as constant in respect of small variations in the quantity produced'. But if this is the case then, except in quite peculiar circumstances, the Marshallian supply... | |
 | Prue Kerr, Geoffrey Colin Harcourt - Business & Economics - 2002 - 424 pages
...exceptional industries as can reasonably satisfy its conditions. In normal cases the cost of production of commodities produced competitively — as we are not...constant in respect of small variations in the quantity produced.4 And so, as a simple way of approaching the problem of competitive value, the old and now... | |
 | Steve Keen - Business & Economics - 2001 - 356 pages
...competitively... must be regarded as constant in respect of small variation in the quantity produced. And so, as a simple way of approaching the problem of competitive value, die old and now obsolete theory which Figure 3.11 Costs determine price and demand determines quantity... | |
 | Geoffrey Colin Harcourt - Biography & Autobiography - 2003 - 456 pages
...be a general conception applicable to normal markets ... In normal cases the cost of production of commodities produced competitively - as we are not...constant in respect of small variations in the quantity produced. Hence the discarded cost-of-production theory of value returns 'as a simple way of approaching... | |
 | Guang-Zhen Sun - Business & Economics - 2005 - 312 pages
...exceptional industries as can reasonably satisfy its conditions. In normal cases the cost of production of commodities produced competitively — as we are not...constant in respect of small variations in the quantity produced.2 And so, as a simple way of 1 Industry and Trade, p. 188. 2 The absence of causes which tend... | |
| |
In normal cases the cost of production of commodities produced competitively — as we are not entitled to take into consideration the causes which may make it rise or fall — must be regarded as constant in respect of small variations in the quantity... 