Normal prices, technical change, and accumulation [Elektronisk resurs] / Bertram Schefold.

• Preface - Introduction: Sraff's Theory Today - PART 1: GENERAL PROPERTIES OF SINGLE AND JOINT PRODUCTION SYSTEMS - Multiple Product Techniques With Properties of Single Product Systems - Relative Prices as a Function of the Rate of Profit: A Mathematical Note - The Standard Commodity as a Tool of Economic Analysis - PART 2: THE DOMINANT TECHNIQUE - On Counting Equations - Von Neumann and Sraffa: Mathematical Equivalence and Conceptual Difference - The Dominant Technique in Joint Production Systems - Joint Production: A Further Assessment - PART 3: FIXED CAPITAL AND TECHNICAL PROGRESS - Fixed Capital as a Joint Product - Reduction to Dated Quantities of Labour, Roundabout Processes, and Switches of Technique in Fixed Capital Systems - Different Forms of Technical Progress - Capital, Growth, and Definitions of Technical Progress - PART 4: THE COMPOSITION OF OUTPUT - Sraffa and Applied Economics: Joint Production - On Changes in the Composition of Output - PART 5: RELATIONS BETWEEN CLASSICAL, NEOCLASSICAL AND KEYNESIAN THEORIES - Joint Production, Intertemporal Preferences and Long-Period Equilibrium - The Market and the Classical Theory of Prices - On the Classical and Marshallian Foundation of Keynesian and Post-Keynesian Economics - Classical Theory and Intertemporal Equilibrium - Schumpeter as a Walrasian Austrian and Keynes as a Classical Marshallian - Ecological Problems as a Challenge to Classical and Keynesian Economics - Notes - Bibliography - Index.

• There has been a marked revival of classical economic theory since the 1960s. This was associated partly with Sraffa's contribution, partly also with the development of post-Keynesian economics. It has given rise to a series of ongoing controversies. This collection of essays, some previously published, some new, starts with a survey of the present state of the debate. Several papers are concerned with the new classical solution to the problem of value and choice of technique in the presence of joint production. Fixed capital allows formalization of different kinds of technical progress which differ also in their macroeconomic effects. A novel contribution is made to capital theory: it is shown how intertemporal equilibria are affected by technologies which exhibit reswitching through changed stability conditions. Further essays deal with the composition of output and effective demand and the relation between Keynesian and classical theories and environmental economics. 

Ämnesord

Production (Economic theory).  (LCSH)

Prices.  (LCSH)

Technological innovations.  (LCSH)

Saving and investment.  (LCSH)

Equilibrium (Economics).  (LCSH)

Economics, Mathematical.  (LCSH)

Economics.  (eflch)

Indexterm och SAB-rubrik

Economics: philosophy, theory and method

Målgrupp

Undergraduate.

Klassifikation

ECO (ämneskategori)

338.52 (DDC)

Qaaca (kssb/8 (machine generated))