Titlebook: Normal Prices, Technical Change and Accumulation; Bertram Schefold Book 1997 Palgrave Macmillan, a division of Macmillan Publishers Limite

Charitable

EWER

調(diào)情

critique

The Standard Commodity as a Tool of Economic Analysisturn to the classical theory of accumulation by providing a modern formulation of a classical theory of value. He showed that prices are determined and vary in function of the rate of profit, if the quantities to be produced are given with the technology in use. On the one hand, the variations in th

CRUDE

On Counting Equationsproduct systems: prices may fluctuate even if expressed in terms of the wage rate, they may turn negative, the standard commodity may not exist, etc. If joint production is, by contrast, approached in terms of inequalities (von Neumann’s method), positive prices and a tradeoff between real wages and

憂傷

Von Neumann and Sraffa: Mathematical Equivalence and Conceptual Differencegy; a parallel article gives the mathematical background with complete proofs but without the interpretation proposed here (see Chapter 5 in this volume and the summary of mathematical definitions and results in the Appendix).

peak-flow

kidney

彎腰

Fixed Capital as a Joint Productital’ depending on the prevailing rate of profit. But because these discussions were about a critique of the neoclassical theory of value and distribution and not about a new comprehensive theory of capital, they have been conducted either in terms of circulating capital without machines or in terms

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