Why A. Smith Might Have Been Right, After All
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Abstract: An attempt is made here at proving a controversial intuition: real profits may be determined by prices not by wages.
Cite this paper:
Marchi, M. (2019) Why A. Smith Might Have Been Right, After All. American Journal of Industrial and Business Management, 9, 1980-1982. doi: 10.4236/ajibm.2019.911129.
References
[1] Sraffa, P. (1960) Production of Commodities by Means of Commodities, Cambridge University Press, Cambridge.
[2] Keynes, J.M. (1936) The General Theory of Employment, Interest and Money, Palgrave Macmillan, London.
[3] Smith, A. (1776) The Wealth of Nations, W. Strahan and T. Cadell, London.