Besicovitch, Sraffa, and the existence of the Standard commodity
AbstractThe proof of the existence of the Standard commodity contained in Sraffa's book (section 37) has been debated recently. Lippi (2008) has argued that the algorithm in section 37 of Sraffa’s book is not precisely stated and does not need to converge to the desired eigenvalue and eigenvector. In this paper I will show that also the proof provided by Besicovitch to Sraffa on 21 September 1944 is incomplete, but it can easily be completed.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 24188.
Date of creation: 31 Jul 2010
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Sraffa; Besecovitch; Standard Commodity; Perron-Frobenius Theorem;
Find related papers by JEL classification:
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
- B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
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- Kurz,Heinz D. & Salvadori,Neri, 1995.
"Theory of Production,"
Cambridge University Press, number 9780521443258, October.
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