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Wages Paid in Value in Self-Replacing Economies

Author

Listed:
  • Alberto Benitez Sánchez

    (Economics Department, Universidad Autonoma Metropolitana, Mexico,)

  • Alejandro Benitez Sánchez

    (Industrial Engineering Department, Instituto Tecnologico de Tijuana, Mexico,)

Abstract

In this paper, we study the relation between income distribution and prices in economies in a self-replacing state, defined by Sraffa, when wages are paid entirely in value. As a result of our analysis, it is possible to build a model that combines some distinctive features of the different forms of payment considered by this author, facilitates the study of wages as an independent variable and offers an original formalization of the production of commodities by means of commodities. Moreover, the model helps to highlight and explain one particular effect on prices due to wages paid in value.

Suggested Citation

  • Alberto Benitez Sánchez & Alejandro Benitez Sánchez, 2014. "Wages Paid in Value in Self-Replacing Economies," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(3), pages 78-86, March.
    • Handle: RePEc:mir:mirbus:v:4:y:2014:i:3:p:78-86
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    References listed on IDEAS

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    1. Negishi,Takashi, 1985. "Economic Theories in a Non-Walrasian Tradition," Cambridge Books, Cambridge University Press, number 9780521259675.
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    Keywords

    Sraffa; Wages; Prices.;
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