Elements for a Classical Theory of Equilibrium and Disequilibrium Prices
Abstract
This paper intends to present an unconventional approach to the classical theory of relative prices based on recent developments and current limitations. Using the work of Carlo Benetti, Christian Bidard y Edith Klimovsky (Bidard and Klimovsky, 2006) as a conceptual framework that generalizes the classical theory of production prices, this analysis provides explanations for both equilibrium and disequilibrium cases. Accordingly, this paper depicts the importance of this new theoretical model, its initial hypothesis, structure, main properties and proficiency for explaining economic dynamics.Download Info
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Article provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.
Volume (Year): (2010)
Issue (Month): 73 ()
Pages: 99-130
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Handle: RePEc:lde:journl:y:2010:i:73:p:99-130
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Postal: Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.
For corrections or technical questions regarding this item, or to correct its listing, contact: (Carlos Andrés Vasco Correa).
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Keywords: Relative prices; benefit accrual rates; reproduction of capital; balance classic; classical balance.;Find related papers by JEL classification:
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