Classical Theory of Price

Term: Fall 2012

Subject Code: GECO

Course Number: 6211

This course focuses on the structure of the theories of price in Ricardo, Marx, and Sraffa. Close attention will be paid to the logic of the arguments, as well as to their mathematical formalization. We also attempt to assess their theoretical and empirical significance for modern advanced economies, through the use of input-output data. Readings include parts of Ricardo's Principles, Marx's Capital, Sraffa's Production of Commodities by Means of Commodities, and various other readings on the subject. Some familiarity with linear algebra is highly recommended.

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