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

Risultato della ricerca: Contributo in libroChapter

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.
Lingua originaleEnglish
Titolo della pubblicazione ospiteEssays on Piero Sraffa Critical Perspectives on the Revival of Classical Theory
EditorBertram Schefold, K. Bharadwaj
Pagine239-249
Numero di pagine11
Stato di pubblicazionePubblicato - 1990

Keywords

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

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