The chapter first deals with Sraffa’s discussion of exhaustible resources in his hitherto unpublished papers and their reflection in his 1960 book (Sraffa 1960). Then it summarizes briefly Parrinello’s argument in his 1983 paper against the background of Sraffa’s considerations. Then it provides a short account of the main issues raised and competing answers given in the discussions that followed Parrinello’s paper. Then it turns to more recent contributions by the authors to the issue at hand which focus attention on the explanatory power of David Ricardo’s approach to exhaustible resources on the one hand and Richard Hotelling’s approach on the other.
The ‘classical’ approach to exhaustible resources: Parrinello and the others
SALVADORI, NERI
2014-01-01
Abstract
The chapter first deals with Sraffa’s discussion of exhaustible resources in his hitherto unpublished papers and their reflection in his 1960 book (Sraffa 1960). Then it summarizes briefly Parrinello’s argument in his 1983 paper against the background of Sraffa’s considerations. Then it provides a short account of the main issues raised and competing answers given in the discussions that followed Parrinello’s paper. Then it turns to more recent contributions by the authors to the issue at hand which focus attention on the explanatory power of David Ricardo’s approach to exhaustible resources on the one hand and Richard Hotelling’s approach on the other.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
