From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Sun Apr 29 2007 - 16:52:44 EDT
--- Paul Cockshott <wpc@DCS.GLA.AC.UK> wrote: > Ajit > I have put a paper entitled, 'Sraffa and the > question > of equilibrium' written by myself and a colleague of > mine on the SHE web site. This paper directly deals > with an issue that has been, one way or the other, > one > of the major concerns of the discussions on this > list. > I would appreciate all critical or friendly comments > or a seminar on this paper. I hope the content of > the > paper is provocative enough to bring out some of the > people who have been mostly silent on this list. > > Paul C > > Looks an interesting paper but could you > please justify the step in going from your equation > iv > to equations v , vi and vii > > I am not sure what rules of inference you are using? > > Paul Cockshott > > www.dcs.gla.ac.uk/~wpc _____________________________ Paul, If you add the three equations to get the equation for the system as a whole then you will get something like: [a(1+R1)+b(1+R2)+c(1+R3)]p1 + ... = X+Y+Z The equation for the system as a whole could also be written as: (a+b+c)(1+R)p1 + ... = X+Y+Z The condition of eqs. v-vii is simply saying that: [a(1+R1)+b(1+R2)+c(1+R3)]p1 = (a+b+c)(1+R)p1 and similarly for second column and the third column. Remember, this condition will satisfy the equation whatever the value of R happens to be. However, R1 = R2 = R3 = ... will be true only if R = the standard rate of profit. Cheers, ajit sinha > > > > > The > paper can be accessed from: > > http://www2.economics.unsw.edu.au/nps/servlet/portalservice?GI_ID=System.LoggedOutInheritableArea&maxWnd=_Heterodox_WorkingPapers> > > or from the SHE site: > > http://she.web.unsw.edu.au > > Cheers, ajit sinha > > > > __________________________________________________ > Do You Yahoo!? > Tired of spam? Yahoo! Mail has the best spam > protection around > http://mail.yahoo.com > __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com
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