Growing (or hyper) subsystems and vertically hyper-integrated sectors: Appendix

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The analytical device of partitioning an economic system into subsystems (and correspondingly of constructing vertically integrated sectors) can be taken one step further into dynamic analysis, with remarkable implications. In fact, if one looks at the physical quantities side, as against the price side, of the usual equations representing a production economic system, one may notice a formal asymmetry. The Author shows that the asymmetry disappears when the scheme is further generalized to vertically hyper-integrated sectors.
Original languageEnglish
Title of host publicationEssays on Piero Sraffa Critical Perspectives on the Revival of Classical Theory
EditorsBertram Schefold, K. Bharadwaj
Pages239-249
Number of pages11
Publication statusPublished - 1990

Keywords

  • Generalization of the pure labour theory of value
  • Growing or hyper-sub-systems
  • The natural price subsystems
  • Vertically hyper-integrated sectors

Fingerprint Dive into the research topics of 'Growing (or hyper) subsystems and vertically hyper-integrated sectors: Appendix'. Together they form a unique fingerprint.

Cite this