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Reproduction and fixed capital
In the 'sixties, the reproduction model was often the subject of analysis and discussion in economic literat­ ure. Discussion was by criticism of the neo-classical concept of capital as well as by a renewed interest in the labour theory of value. Criticism of the use of a homogeneous concept of capital resulted in the re­ switching debate as it is called, where the positing of problems is limited, and the results are ultimately meagre. The renewed interest in the labour theory of value opened interesting perspectives, at least if one rejects the rather fruitless debate on Marx's transform­ ation problem, as it is called. The main question then is: are the prices determined objectively or do factors of demand also play an essential role? This book by Dr. van Schaik deals with this famous theme. The various models with single and joint reproduction are classified and analysed with great surveyability. The consistent distinction between quantity and price systems, the appropriate use of the matrix notation and the careful definition of concepts, guarantee the accessibility to a difficult matter. Models of Leontief, the Austrian School, Burmeister-Dobell and others appear as special cases of the more general Von Neumann-Sraffa structure. In view of the often fragmentary handling of jOint production in economic literature and of the concept of fixed capital which is linked to it, Dr. van Schaik's book fulfils a long-felt want.
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Reproduction and fixed capital
In the 'sixties, the reproduction model was often the subject of analysis and discussion in economic literat­ ure. Discussion was by criticism of the neo-classical concept of capital as well as by a renewed interest in the labour theory of value. Criticism of the use of a homogeneous concept of capital resulted in the re­ switching debate as it is called, where the positing of problems is limited, and the results are ultimately meagre. The renewed interest in the labour theory of value opened interesting perspectives, at least if one rejects the rather fruitless debate on Marx's transform­ ation problem, as it is called. The main question then is: are the prices determined objectively or do factors of demand also play an essential role? This book by Dr. van Schaik deals with this famous theme. The various models with single and joint reproduction are classified and analysed with great surveyability. The consistent distinction between quantity and price systems, the appropriate use of the matrix notation and the careful definition of concepts, guarantee the accessibility to a difficult matter. Models of Leontief, the Austrian School, Burmeister-Dobell and others appear as special cases of the more general Von Neumann-Sraffa structure. In view of the often fragmentary handling of jOint production in economic literature and of the concept of fixed capital which is linked to it, Dr. van Schaik's book fulfils a long-felt want.
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Reproduction and fixed capital

Reproduction and fixed capital

by A.B.T.M. van Schaik
Reproduction and fixed capital

Reproduction and fixed capital

by A.B.T.M. van Schaik

Overview

In the 'sixties, the reproduction model was often the subject of analysis and discussion in economic literat­ ure. Discussion was by criticism of the neo-classical concept of capital as well as by a renewed interest in the labour theory of value. Criticism of the use of a homogeneous concept of capital resulted in the re­ switching debate as it is called, where the positing of problems is limited, and the results are ultimately meagre. The renewed interest in the labour theory of value opened interesting perspectives, at least if one rejects the rather fruitless debate on Marx's transform­ ation problem, as it is called. The main question then is: are the prices determined objectively or do factors of demand also play an essential role? This book by Dr. van Schaik deals with this famous theme. The various models with single and joint reproduction are classified and analysed with great surveyability. The consistent distinction between quantity and price systems, the appropriate use of the matrix notation and the careful definition of concepts, guarantee the accessibility to a difficult matter. Models of Leontief, the Austrian School, Burmeister-Dobell and others appear as special cases of the more general Von Neumann-Sraffa structure. In view of the often fragmentary handling of jOint production in economic literature and of the concept of fixed capital which is linked to it, Dr. van Schaik's book fulfils a long-felt want.

Product Details

ISBN-13: 9789401179720
Publisher: Springer Netherlands
Publication date: 06/05/2012
Series: Tilburg Studies in Economics , #13
Edition description: 1976
Pages: 324
Product dimensions: 5.98(w) x 9.02(h) x 0.03(d)

Table of Contents

1. Single Production.- 1.1. Pure reproduction.- 1.2. Surpluses.- 1.3. The distribution of surpluses.- Appendix 1.a. Lemmas.- 2. Joint Production.- 2.1. Processes and commodities.- 2.2. Weak joint production.- 2.3. Strong joint production.- Appendix 2.a. Model 2.1.- Appendix 2.b. Equal input proportions.- Appendix 2.c. Non-basics and equilibrium.- 3. Fixed Capital.- 3.1. Profiles of vintages.- 3.2. The Simple Sraffa model.- 3.3. The Austrian reproduction model.- 3.4. Unequal life-spans.- 3.5. The Leontief model with fixed capital.- Appendix 3.a. Generalization of the Simple Sraffa model.- Appendix 3.b. Superimposed joint production.- Appendix 3.c. Unequal life-spans.- 4. Unequal Efficiency.- 4.1. Forms of unequal efficiency.- 4.2. A model with three industries.- 4.3. Loss of productivity.- 4.4. Higher operating costs.- 4.5. Conclusion.- Appendix 4.a. The opinions of Burmeister and Dobell.- Appendix A. Outline of the Transformation Problem.- A.1. The surpluses.- A.2. The disposal of surpluses.- A.3. The distribution of surpluses.- Appendix B. International Trade.- B.1. Introduction.- B.2. Assumptions.- B.3. Autarchy.- B.4. Free trade.- B.5. Consequences of free trade.- B.6. Trade without specialization.- Appendix C. The traditional vintage model.- C.1. Introduction.- C.2. The quantity system.- C.3. The price system.- Appendix D. The traverse.- D.1. The Simple Sraffa model.- D.2. Planned traverse.- D.3. Non-planned traverse.- D.4. The neo-Austrian model.
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