The Classical Theory of Normal Prices and the Analysis of Economic Changes: A Comment
AbstractThis 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. 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's proposed short-period analysis and argues that they are problematic on both theoretical and methodological grounds.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Review of Political Economy.
Volume (Year): 24 (2012)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.tandfonline.com/CRPE20
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.