A Comment on" This Age of Leontief... and Who?"
Abstract
Levine claims that Sraffa has been misunder- stood on issues concerning, "(1) [the]
use of pro- duction coefficients and the question of returns to scale, (2) the centerpiece
of the price-deter- mining apparatus, (3) numeraire problems, (4) consumer demand,
and (5) Sraffa's place in the classical tradition" [4, 1974, p. 877]. Unfortu- nately,
Levine's discussion of (1), (2), and (3) is incomplete, and below I will attempt to
set the record straight on these important issues; I re- frain from comment on (4)
and (5) because of limited space...
Type
Journal articleSubject
Leontief modelPermalink
https://hdl.handle.net/10161/1922Collections
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Edwin Burmeister
Research Professor Emeritus of Economics

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