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The paper links money supply to the state budget deficit in the Italian historical context. The process of monetization of government deficit is analysed and is related both to the fixity of the exchange rate and free capital mobility typical of the 1860-1913 period. The empirical evidence...
Persistent link: https://www.econbiz.de/10009652938
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Economy. Please cite as Freeman, A. 2010. ‘Trends in Value Theory since 1881’, World Review of Political Economy Volume 1 No …. 4, Fall 2010. pp567-605. The article surveys the key ideas and currents of thinking about Marx’s value theory since he … Interpretation (TSSI) of Marx’s ideas, an approach to Marx’s theory of value which has secured significant attention in recent years …
Persistent link: https://www.econbiz.de/10011258920
The purpose of this paper is twofold: on the one hand is to discuss Ricardo’s version of the labour theory of value …; and on the other hand, is to analyse some crucial aspects of Ricardo’s theory of taxation as an extension and further … elaboration of his theory of value. This discussion is illustrated with the use of a formal model based on a generalisation of …
Persistent link: https://www.econbiz.de/10009404625
This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the … theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to … argue that Sraffa presents a theory of value within the classical tradition that does not require a notion of equilibrium of …
Persistent link: https://www.econbiz.de/10009365330
analyse the human "Struggle for Life" – and presents "The Principle of Relative Insularity", a unified theory of value which …
Persistent link: https://www.econbiz.de/10008595904
Проанализированы основные идеи М. Туган-Барановского и Е.Слуцкого в контексте распространения маржиналистских идей в Украине. Выявлено решающее влияние...
Persistent link: https://www.econbiz.de/10011234184
This article presents a critique of the solution of the Temporal Single System Marxism (TSS) for the problem of …
Persistent link: https://www.econbiz.de/10004968743
Jointly with Erkko Etula, Paul Samuelson [2006] claims that the “Leontief – Sraffa matrix equations for input/output must obey constant returns to scale”. However, in an unrelated work, Amartya Sen [2003] claims that Sraffa’s [1960] “analysis does not need any assumption of constant...
Persistent link: https://www.econbiz.de/10005837068