This paper illustrates, through a numerical example of reswitching under oligopoly, the existence of implications from the Cambridge Capital Controversy for the theory of industrial organization. Oligopoly is modeled by given and persistent ratios in rates of profits among industries, as...

Piero Sraffa's masterpiece, The Production of Commodities by Means of Commodities, is written in a remarkably terse style and presents many problems of interpretation and understanding. The role of the Standard commodity in Sraffa's work is one contentious area in interpretations. This paper...

This note considers a linear programming formulation of the problem of the firm. A neoclassical non-increasing labour demand function is derived from the solution of the linear program. Only a set of measure zero on this function, one or two points in the examples examined, provides equilibria...

This note presents two numerical examples, in a model with two techniques of production, of a switch point with a real Wicksell effect of zero. The variation in the technique adopted, at the switch point, leaves employment and the value of capital per unit net output unchanged. This invariant...

This article illustrates the analysis of prices of production with joint production by a numerical example. The example is used to illustrate the applicability of techniques to identify and visualize qualitative changes in the choice of technique with parameter perturbations. Patterns of switch...

The Cambridge Capital Controversy is a long-lasting dispute over the validity and internal coherence of neoclassical theory. A number of textbooks are available to help teach the controversy. Some of these textbooks contain exercises and numeric examples. An important part of the controversy...