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'Cost of Production' and the Theory of the Rate of Profit

Eatwell, John - 2019

the interest rates are not defined and can assume any value greater than -1.There is no neo-classical theory of the rate …

Persistent link: https://www.econbiz.de/10012891047

The Fossil Production Function in a Vintage Model

Michl, Thomas R. - 2004

This paper extends the fossil production function to incorporate embodied technical change. The fossil production function provides an alternative to the standard neoclassical explanation for the aggregate production function. In a Classical Ricardian spirit, the paper assumes that...

Persistent link: https://www.econbiz.de/10014116481

A Sraffian Critique of the Classical Notion of Centre of Gravitation

Dupertuis, Michel-Stéphane - 2010

In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that the classical notion of ‘centre of gravitation' is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given...

Persistent link: https://www.econbiz.de/10013150396

Economic growth and distribution : on the nature and causes of the wealth of nations

Salvadori, Neri (ed.) - 2006

issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the … classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; and the role of … scholars of the theory of economic growth, the theory of distribution, macroeconomics, classical and Keynesian economics, as …

Persistent link: https://www.econbiz.de/10014473998

Reconsidering the investment-profit nexus in finance-led economies : an ARDL-based approach

Treeck, Till van - 2007

A simple Post Keynesian growth model is developed, in which financial variables are explicitly taken into account. Different possible accumulation regimes are derived with respect to changes of these variables. Several variants of an investment function are estimated econometrically. The...