On constructing numeraire-free measures of price–value deviation: a note on the Steedman–Tomkins distance

This paper argues that there exists an infinite number of numeraire-free measures (a la Steedman--Tomkins) of price--value deviation. On the empirical side it provides an illustration of those measures using input--output data from the Swedish economy. Copyright The Author 2010. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.