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The amount of physical matter in the world is fixed and improvements to people's material circumstances are only created by their ability to reconfigure this matter. What distinguishes labour, and subsequently what allows for differing increments of value, are our capabilities, skills and...
Persistent link: https://www.econbiz.de/10014473855
This book argues that the shift in general equilibrium theory, from its early long-period to the modern very …. This shift has produced new difficulties, and has undermined central tenets of neoclassical macroeconomic theory (such as …, not only in many aspects of the history of economic theory, but also in fundamental issues in the theories of value …
Persistent link: https://www.econbiz.de/10014474029