Search Results for fixed
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History of Political Economy (1 December 2016) 48 (4): 635–655.
Published: 01 December 2016
...Till Düppe; E. Roy Weintraub In fall 1935, Abraham Wald presented a fixed-point proof of a general equilibrium model to Karl Menger's Mathematical Colloquium in Vienna. Due to limited space, the paper could not be printed in the eighth proceedings of the colloquium (the Ergebnisse ) published in...
History of Political Economy (1 November 1985) 17 (4): 651–655.
Published: 01 November 1985
... CCC 00 18-2702/85/$1 .SO An error in Marx’s Capital 11: fixed capital in kind A. B. Lyull In studying the section in volume 2 of Marx’s Capital on simple reproduc- tion,’ I came across what appears to be an error in the examples given of replacement of fixed capital in kind. The...
History of Political Economy (1 September 1995) 27 (3): 599–604.
Published: 01 September 1995
..., The Netherlands. Copyright © 1995 by Duke University Press 1995 References Lyall , A. B. 1985 . An Error in Marx's Capital II: Fixed Capital in Kind. HOPE 17 . 4 : 651 -55. Marx , K. 1967 . Capital , vol. 2 . New York: International. Marx , K. . 1979 . Das...
History of Political Economy (1 June 2018) 50 (2): 261–287.
Published: 01 June 2018
...Romain Plassard Robert W. Clower’s article “The Keynesian Counter-Revolution: A Theoretical Appraisal” (1965) was central to the transformation of Keynesian macroeconomics since it contributed to the emergence of fixed-price models, in the 1970s. Despite this influence, no scholar has proposed to...
History of Political Economy (1 December 2011) 43 (suppl_1): 258–282.
Published: 01 December 2011
... to build relevant models and statistical methods, mainly based on the distinction between fixed effects (analysis of covariance) and random effects. They brought back identification issues in the context of estimating a production function of sixty-six farms in Israel for 1954–58 ( Mundlak 1961 ) and...
History of Political Economy (1 November 1996) 28 (4): 691–702.
Published: 01 November 1996
... and remaining errors are solely the author's. Copyright © 1996 by Duke University Press 1996 References Campanelli , Giuliana. 1982 . W. Whewell's Contribution to Economic Analysis: The First Mathematical Formulation of Fixed Capital in Ricardo's System. Manchester School of...
History of Political Economy (1 September 1975) 7 (3): 299–311.
Published: 01 September 1975
... into the open. This is done here, using a four-sector Ricardian model. The model, depicting an economy in stationary-state equilibrium, has an explicit pricing mechanism, incorporating labor and fixed capital as factors of production. Production and employment The...
History of Political Economy (1 June 1982) 14 (2): 256–259.
Published: 01 June 1982
... applicability to both fixed and floating exchange rates. Indeed, two modern authors, Schumpeter (1954, p. 737) and Kalamotousakis (1978, p. 163), ascribe the origins of the PPP theory to Malynes. Are they cor- rect? Should Malynes receive at least equal credit with the Salamancans as pioneers...
History of Political Economy (1 March 1973) 5 (1): 001–013.
Published: 01 March 1973
.... 43-44. 4 HISTORY OF POLITICAL ECONOMY It appears that the Pigou-Hicks theory of induced innovation was anticipated by Barton. In Hollander’s words, “Barton does not de- velop further this case of ‘exogenous’ technical change; rather he explains the adoption of fixed capital as a...
History of Political Economy (1 March 1971) 3 (1): 105–135.
Published: 01 March 1971
... of circulating into fixed capital ”-which constitutes the fundamental novelty of the chapter. It has dso been suggested that Ricardo’s altered position is already discernible in his Notes on Malthis’s Principles of Political Economy (1820) ? Our conclusion is khat the change occurred...
History of Political Economy (1 June 1993) 25 (2): 331–350.
Published: 01 June 1993
... current information followed by new plans in period I1 which took account of experience and new in- formation. He also suggested the Fix-price method which Hicks was to make use of much later (Currie and Steedman 1990, 102-4). The method of Temporary Equilibrium, described in chapters 9 and...
History of Political Economy (1 September 1983) 15 (3): 423–449.
Published: 01 September 1983
...). (84 Mill tended to analyze the household operating in the short run with fixed inputs of capital (k*) and land (ai.e., x = x (n,k*,a (8b) As a price taker in a competitive market for its output, the household’s total revenue, or total income, at any...
History of Political Economy (1 June 1982) 14 (2): 147–165.
Published: 01 June 1982
...) Wages-In Ricardo’s simplified case, wages are equal to the amount of circulating capital. (2) Profits-Profits are a return to both circulating and fixed capital. Profits are not a residual in the Ricardian system but an element of cost. If any industry is earning less than the...
History of Political Economy (1 June 1992) 24 (2): 455–470.
Published: 01 June 1992
... sounder conclusions. Background Describing classical value theory, Blaug wrote, Ricardo, Mill and Marx treated all commodities as produced under conditions of constant costs and fixed technical coefficients. Ricardo admitted the variability of factor proportions in the...
History of Political Economy (1 June 1989) 21 (2): 345–349.
Published: 01 June 1989
.... After delicate calculations, he reaches the following conclusion: “Probably the prices which the monopolist will fix in order to render his profit a maximum are such that the customers will lose through discrimination” (1925, 2:207).4 But the opposite may occur. Thus, the welfare effect under...
History of Political Economy (1 September 1986) 18 (3): 540–541.
Published: 01 September 1986
... money (pp. 72, 113, 232), which supports the Keynesian argument for permanent price con- trols. The book also misrepresents Keynes as opposed to price fixing in ‘How to pay for the war’ (1940): when Keynes stated “price fixing . . . does nothing to bring about equilibrium, indeed the contrary...
History of Political Economy (1 June 1975) 7 (2): 261–269.
Published: 01 June 1975
... in relative factor price, this effect was certainly present in Ricardo’s work. If by the Ricardo Effect one means a substitution between fixed and circulating capital in response to a change in the real wage rate, this effect was certainly present in Ricardo’s work. But...
History of Political Economy (1 June 1970) 2 (2): 225–245.
Published: 01 June 1970
... Payment of Wages,” Transactions of the Cambridge Philosophical Society 6 ( 1838 ): 507 -22. U. S. Department of Commerce, Office of Business Economics, “New Estimates of Fixed Business Capital in the United States, 1925–65,” Survey of Current Business , 46 (Dec. 1966 ): 34 -40. U. S...
History of Political Economy (1 March 1972) 4 (1): 89–112.
Published: 01 March 1972
...- sirability of keeping both gold and silver in circulation at a fixed exchange parity. The purpose of this article is to restate the main arguments of the bimetallists, within the framework of general equilibrium, in an at- tempt to resolve part, if not most, of the controversy. The problem...
History of Political Economy (1 November 1983) 15 (4): 567–583.
Published: 01 November 1983
... essentially tracts attacking the destabilizing influence of the corn laws and firmly established him as the chief theoretician of the Anti-Corn Law Leag~e.~The essays of 1845 and 1847 retain some evi- dence of his earlier work, but were concerned with the process of fixed- capital formation as a...