Re: Sraffa. Sraffa's method is intended to support the labor theory of value. Supply costs are fixed. Demand only determines the quantity supplied.
On Wed, Aug 11, 2010 at 10:04:43PM -0700, Lakshmi Rhone wrote: > I also don't get the point of economics in which there is no supply and > demand dynamics, such as the Sraffian model. > How then do you talk about what is characteristic of capitalism--the > rightward jumps in the supply curve as the consequence of > responses to disequilibrium in the previous period. The supply curve is > being shifted rightward, which means that consumers > are likely to demand a higher quantity, but that often takes education or > propaganda, so demand is hardly the autonomous action > of sovereign consumers. They are constantly manipulated to want the new > greater 'equilibrium' quantity that a rightward shift > in the supply curves makes possible. Supply is in the saddle/And Ride > Demand. > I am just really frustrated with the way supply and demand dynamics are > taught in almost every textbook. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
