OPE-L
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

IMPORTANT: If you cite this message, OPE-L policy requires you not to reveal the identity of the author.

Re: [OPE-L] why does the debate on the "transformation problem" continue?

You may cite this message only if you do not disclose who wrote it. 

On Mon, 26 Mar 2007, Ian Wright wrote:

I am trying to find out, if they think our empirical data is wrong,
or do they think that even in the absence of a general rate of profit there
is
still a transformation problem


Uniform profits is a simplifying assumption. The debate on the TP
could take place with a price of production equation that replaces the
single r with a diagonal matrix of r's. Uniform profits is not the
cause of the TP (the mere presence of profits is).


Reposting my question on this:

Ian, could you explain why you think that is the case?

(In a historical sense, Adam Smith believed this; then Ricardo
pointed out why Smith was wrong.  But I don't suppose your grounds
are the same as Smith's.)

--
Allin Cottrell
Department of Economics
Wake Forest University, NC

[ Other Periods  | Other mailing lists  | Search  ]