Economics Dictionary of ArgumentsHome
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| Demand: In economics, demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices. It is represented by a demand curve, which shows the inverse relationship between price and quantity demanded. See also Price, Markets._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Piero Sraffa on Demand - Dictionary of Arguments
Kurz I 84 Demand/Sraffa/Salvadori/Kurz: „The fact that workers’ demand cannot be defined on the basis of physiological or social conditions does not imply, according to Sraffa, the necessity of an analysis of the determinants of it. In the traditional Classical analysis the role of workers’ consumption is that of determining the real wage rate (i.e., one of the distributive variables) from outside the relations among prices that must hold if commodities are to be reproduced. This role can be played, Sraffa argues, by the rate of profits, which, ‘as a ratio’, is a pure number ‘and can well be “given” before the prices are fixed’. It is remarkable that an important aspect of the analysis emerges as a consequence of a difficulty of the observer, rather than as an observed aspect of reality.“ (Salvadori 2000: 186)(1) >Rate of profit. 1. Salvadori, N. (2000) ‘Sraffa on demand: a textual analysis’, in H. D. Kurz (ed.) Critical Essays on Piero Sraffa’s Legacy in Economics, Cambridge: Cambridge University Press, pp. 181–97. Salvadori, Neri and Signorino, Rodolfo. 2015. „Piero Sraffa: economic reality, the economist and economic theory. An interpretation.“ In: Kurz, Heinz; Salvadori, Neri 2015. Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). London, UK: Routledge._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Sraffa I Piero Sraffa Production of Commodities by Means of Commodities. Prelude to a Critique of Economic Theory (Cambridge: Cambridge University Press). Cambridge 1960 Kurz I Heinz D. Kurz Neri Salvadori Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). Routledge. London 2015 |
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