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The improbability of reswitching, the certainty of Wicksell-effects and the poverty of production functions : the Cambridge critique of capital transformed

Schefold, Bertram - In: Research in the history of economic thought and methodology 35 (2018) 2, pp. 171-194

Persistent link: https://www.econbiz.de/10012241427

What remains of the Cambridge critique of capital theory, if reswitching and reverse capital deepening are empirically rare and theoretically unlikely?

Schefold, Bertram - In: European journal of economics and economic policies : … 17 (2020) 2, pp. 220-240

Persistent link: https://www.econbiz.de/10012321816

What remains of the Cambridge critique? : potential conclusions and directions for further research following from recent investigations in capital theory

Schefold, Bertram - 2022 - Revised: February 2022

Persistent link: https://www.econbiz.de/10013187347

The Improbability of Reswitching, the Certainty of Wicksell-Effects and the Poverty of Production Functions : The Cambridge Critique of Capital Transformed

Schefold, Bertram - 2018

Capital theory has taken a new turn with the theoretical discovery that wage curves tend to get linear in random systems, the larger they are, and with the confirmation that empirical wage curves do not deviate a great deal from linearity. The present chapter adds to these results by arguing...

Persistent link: https://www.econbiz.de/10012928766