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This paper offers a theoretical approach to the study of intracapi talist class rivalry focusing on the dynamic properties of fixed capital revaluation when technological change is introduced. Historically capitalist accumulation has relied on multiperiod assets which increase the roundaboutness...
Persistent link: https://www.econbiz.de/10010796864
This paper uses a simple Ricardian model to analyze the compara tive static properties of the profit rate, when Okishio-profitable technological innovations are introduced. We use a constructive-geometrical proof of Okishio's Theorem and extend it to a world including fixed capital equipment of...
Persistent link: https://www.econbiz.de/10010797052