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This chapter argues that the Marxian theory of exploitation underlies the concepts of surplus and deficit industries that appear in Sraffa’s (1960) Production of Commodities by Means of Commodities. This is seen from archival research of the unpublished papers of Piero Sraffa housed at the...
Persistent link: https://www.econbiz.de/10011189206
This article aims to study the Solow-Pasinetti debate on the aggregate production function and technical progress as an … event that anticipated a divide in the subsequent theories of economic growth and technical change. Ultimately, the debate … symmetrical, as the neoclassical theory treated them. Related to this is Pasinetti's dismissal of the distinction neoclassical …
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driven by neoclassical motives. …
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neoclassical synthesis. …
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classified into three groups, based on their relationship to production. The neoclassical paradigm makes output a function of … capitals. Conceptually, neoclassical and Marxist theories are built from the bottom up, deriving accumulation from the …
Persistent link: https://www.econbiz.de/10011646693
this in a small DSGE model. The resulting Generalized Phillips Curve (GPC) nests New-Keynesian and Neoclassical versions. I …
Persistent link: https://www.econbiz.de/10012143837
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
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