<XML><RECORDS><RECORD><REFERENCE_TYPE>0</REFERENCE_TYPE><REFNUM>8933</REFNUM><AUTHORS><AUTHOR>Cockshott,W.P.</AUTHOR><AUTHOR>Sinha,A.</AUTHOR></AUTHORS><YEAR>2008</YEAR><TITLE>Can we meaningfully speak of changes in price under the regime of changes in techniques?</TITLE><PLACE_PUBLISHED>Review of Political Economy, vol 20, no 3</PLACE_PUBLISHED><PUBLISHER>Routledge</PUBLISHER><PAGES>393-403</PAGES><ISBN>0953-8259</ISBN><LABEL>Cockshott:2008:8933</LABEL><KEYWORDS><KEYWORD>Sraffa </KEYWORD></KEYWORDS<ABSTRACT>The paper discusses the role of the Standard Commodity as a numeraire. We argue that the heart of Sraffa?s motivation for introducing the Standard Commodity was the dependence of relative prices on technical conditions in the basic sector. We show, by constructing a large class of worked examples that the direction of price movements under technical change will be dependent on the numeraire. If the choice of numeraire is arbitrary then so are the relative movement directions of prices under technical change.</ABSTRACT><URL>http://www.informaworld.com/smpp/section?content=a794714113&fulltext=713240928</URL></RECORD></RECORDS></XML>