Samuelson's Implicit Criticism against Sraffa and the Sraffians and Two Other Questions

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概要

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• Samuelson's "A Ricardo-Sraffa Paradigm"(2001) is an implicit criticism against neo-Ricardians who could not provide any theory beyond the small open economy. The necessity of constructing a trade theory with traded intermediate products was evident and was challenged by both strands: neo-Ricardians and mainstream economists. The attempt failed and the theme has been abandoned since long. My recent paper shows that a Ricardo-Sraffa type trade theory, with traded intermediate goods, is possible. In view of this theory, it is shown that the Samuelson's Conjecture of Limited Substitution is false. The relevance of a new theory is illustrated by a recent debate on the gains from trade.

• 京都大学大学院経済学研究科の論文

著者

• Shiozawa Yoshinori

  Graduate School of Management, Kyoto University

• Shinozawa Yoshinori

  Graduate School of Management, Kyoto University

関連論文

• Samuelson's Implicit Criticism against Sraffa and the Sraffians and Two Other Questions

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