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Normal Prices, Technical Change and Accumulation

  • Bertram Schefold
Book

Part of the Studies in Political Economy book series (STPE)

Table of contents

  1. Front Matter
    Pages i-xv
    PDF

  2. Introduction: Sraffa’s Theory Today

    1. Introduction: Sraffa’s Theory Today
      Bertram Schefold
      Pages 1-18

  3. General Properties of Single and Joint Production Systems

    1. Front Matter
      Pages 19-19
      PDF
    2. Multiple Product Techniques with Properties of Single Product Systems
      Bertram Schefold
      Pages 21-45
    3. Relative Prices as a Function of the Rate of Profit: A Mathematical Note
      Bertram Schefold
      Pages 46-75
    4. The Standard Commodity as a Tool of Economic Analysis
      Bertram Schefold
      Pages 76-97

  4. The Dominant Technique

    1. Front Matter
      Pages 99-99
      PDF
    2. On Counting Equations
      Bertram Schefold
      Pages 101-134
    3. Von Neumann and Sraffa: Mathematical Equivalence and Conceptual Difference
      Bertram Schefold
      Pages 135-155
    4. The Dominant Technique in Joint Production Systems
      Bertram Schefold
      Pages 156-196
    5. Joint Production: A Further Assessment
      Bertram Schefold
      Pages 197-208

  5. Fixed Capital and Technical Progress

    1. Front Matter
      Pages 209-209
      PDF
    2. Fixed Capital as a Joint Product
      Bertram Schefold
      Pages 211-239
    3. Reduction to Dated Quantities of Labour, Roundabout Processes and Switches of Technique in Fixed Capital Systems
      Bertram Schefold
      Pages 240-256
    4. Different Forms of Technical Progress
      Bertram Schefold
      Pages 257-275
    5. Capital, Growth and Definitions of Technical Progress
      Bertram Schefold
      Pages 276-288

  6. The Composition of Output

    1. Front Matter
      Pages 289-289
      PDF
    2. Sraffa and Applied Economics: Joint Production
      Bertram Schefold
      Pages 291-316
    3. On Changes in the Composition of Output
      Bertram Schefold
      Pages 317-356

  7. Relations between Classical, Neoclassical and Keynesian Theories

    1. Front Matter
      Pages 357-357
      PDF
    2. Joint Production, Intertemporal Preferences and Long-period Equilibrium
      Bertram Schefold
      Pages 359-385
    3. The Market and the Classical Theory of Prices
      Bertram Schefold
      Pages 386-397
    4. On the Classical and Marshallian Foundations of Keynesian and Post-Keynesian Economics
      Bertram Schefold
      Pages 398-424
    5. Classical Theory and Intertemporal Equilibrium
      Bertram Schefold
      Pages 425-501
    6. Schumpeter as a Walrasian Austrian and Keynes as a Classical Marshallian
      Bertram Schefold
      Pages 502-524
    7. Ecological Problems as a Challenge to Classical and Keynesian Economics
      Bertram Schefold
      Pages 525-549
  8. Back Matter
    Pages 550-577
    PDF

About this book

Introduction

This book presents the most significant theoretical articles by Bertram Schefold to illuminate the development and the present state of modern classical theory. It assembles twenty heavily discussed papers on joint production and fixed capital, choice of technique and technical progress, composition of output and the relation between classical, neoclassical and keynesian economics. There is a broad new introduction. The chapter on the critique of intertemporal general equilibrium is novel and represents an original theoretical advance.

Keywords

economics equilibrium general equilibrium growth John Maynard Keynes Keynes Keynesian economics production Schumpeter

Authors and affiliations

  • Bertram Schefold
    • 1
  1. 1.Johann Wolfgang Goethe-UniversitätFrankfurt am MainGermany

Bibliographic information