The Laws of Returns under Competitive Conditions

  title={The Laws of Returns under Competitive Conditions},
  author={P. Sraffa}
AbstractA striking feature of the present position of economic science is the almost unanimous agreement at which economists have arrived regarding the theory of competitive value, which is inspired by the fundamental symmetry existing between the forces of demand and those of supply, and is based upon the assumption that the essential causes determining the price of particular commodities may be simplified and grouped together so as to be represented by a pair of intersecting curves of… Expand