Ravagnani, Fabio (2007) The Classical Theory of Normal Prices and the Analysis of Economic Changes: A Comment on D’Orlando. Working Paper. Dipartimento di Economia Pubblica, Università di Roma La Sapienza, Roma, Italia.
![[img]](http://eprints.bice.rm.cnr.it/style/images/fileicons/application_pdf.png)
|
PDF
Wp104.pdf Download (87kB) |
Abstract
This paper examines the critical remarks that D’Orlando (2005) addresses to the classical theory of value based on ‘normal’ positions and briefly comments on the alternative dynamic analysis of short-run prices that he recommends. In particular, the first part refutes D’Orlando’s considerations about the method traditionally adopted in classical analysis and discusses the claim that the characteristic structure of classical theory prevents consistent determination of the normal prices. The second part moves on to consider the basic elements of D’Orlando proposed short-period analysis and argues that they appear problematic on both theoretical and methodological grounds.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | JEL CLASSIFICATION: B41, B51 |
| Uncontrolled Keywords: | Classical theory, Normal prices, Short-period |
| Subjects: | 300 Scienze sociali > 330 Economia |
| Depositing User: | Dipartimento economia e diritto |
| Date Deposited: | 16 Mar 2009 |
| Last Modified: | 20 May 2010 12:01 |
| URI: | http://eprints.bice.rm.cnr.it/id/eprint/833 |
Actions (login required)
 |
View Item |
