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Reswitching and Primary Input Use

  • J. S. Metcalfe
  • Ian Steedman

Abstract

The object of this essay is to explain the consequences of the existence of a positive rate of profit in the neoclassical model of long-run general equilibrium,1 in which two commodities are produced by means of land, labour and produced commodities

Keywords

Real Wage Capital Good Primary Input Trade Theory Price Ratio 
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References

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    Bruno, M., Burmeister, E. and Sheshinksi, E. ‘The nature and implications of the reswitching of techniques’. Quarterly Journal of Economics, 1966, pp. 526–53.Google Scholar
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    Meade, J. E. The Stationary Economy. Allen & Unwin, London, 1965.Google Scholar
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    Robinson, J. V. The Accumulation of Capital. Macmillan, London, 1969, third edition.Google Scholar
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    Samuelson, P. A. ‘Prices of factors and goods in general equilibrium’. Review of Economic Studies, 21, 1953, pp. 1–20.CrossRefGoogle Scholar
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    Samuelson, P. A. ‘A new theorem on non-substitution’. In H. Hegeland (ed.),Money, Growth and Methodology, and Other Essays in Economics in Honour of Johan Akerman. C. W. K. Gleerup, Lund, 1961.Google Scholar
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    Vanek, J. ‘Variable factor proportions and inter-industry flows in the theory of international trade’. Quarterly Journal of Economics, 1963, pp. 129–42.Google Scholar

Copyright information

© Ian Steedman 1979

Authors and Affiliations

  • J. S. Metcalfe
  • Ian Steedman

There are no affiliations available

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