A further note on prices policy from a Sraffian perspective (Q1100994)

This note extends the author's model [ibid. 6, 215-225 (1983)] of the activities of a prices board with two scenarios. In the first, the board computes a change in the absolute level of prices from a modified Sraffian system of equations of production. In the second, the board ensures that the rate of change in the price level will be equal to the rate of change in labor incomes, and at the same time ensures that the relative weights of the industries of the system (aggregate output-mix) will be compatible with a regime in which price change is anchored to change in labor incomes.