The salient feature of this book is to show the theoretical relevance and empirical
significance of the classical theory of value and income distribution formulated by the old …

Five major propositions in classical price theory are discussed. First, Marx explicitly follows
Smith's analytical starting point to show that prices differ from labor values not because of …

Bródy's conjecture regarding the instability of economies is submitted to an empirical test
using input–output flow tables of varying size for the US economy, for the benchmark years …

A typical finding in many empirical studies is that the production price-profit rate relationship
is, by and large, monotonic. This paper derives, in terms of the usual single-product model …

This paper tests Bienenfeld's polynomial approximation of production prices using data from
ten symmetric input–output tables of five European economies. The empirical results show …

This paper focuses on a key concern of the Cambridge capital controversies: Sraffa's
theoretical demonstration that competitive relative prices, and hence the money value of …

The paper finds evidence for the existence of a statistical structure in the US input–output
coefficient (A) matrices for 1963–2007 and characterizes the identified statistical regularities …

This paper contributes to the identification of the structural characteristics of the input-output
accounts (IOA) behind the persistent simple behavior of relative production prices and …

Eigenvalues of input-output matrices have significant implications for the structures of
equilibrium prices and quantities. According to the Bródy Conjecture (BC), all subdominant …

The aim of the paper is to study the economic aspects of the Bródy conjecture: an increase
in the size of a (random) input matrix causes a decline in the ratio of its subdominant and …