On the notion of equilibrium or the centre of gravitation in economic theory

Preprint OPEN
Ajit Sinha;
(2010)
  • Subject: Equilibrium, Centre of Gravitation, Price Theory, Theory of Value, Classical Economics, Neoclassical Economics, Sraffa
    • jel: jel:B3 | jel:B4 | jel:B1 | jel:B2 | jel:B5

This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to argue that Sraffa presen... View more
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