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Search Results for proportionality conditions
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History of Political Economy (2019) 51 (4): 703–729.
Published: 01 August 2019
... Genovesi’s theory of production as an inquiry into the proportionality conditions that productive activities should meet for a well-functioning polity to persist over time. Third, our argument emphasizes the importance of Genovesi’s analysis of production structures for his theory of internal and foreign...
History of Political Economy (1977) 9 (3): 303–321.
Published: 01 September 1977
... that the real price of corn remains constant. In this case, money wages must rise proportionately with the increased money price of corn, and therefore there is no inducement for capital to flow into agriculture. According to Smith, therefore, the bounty is self- defeating, but only, as Malthus...
History of Political Economy (1998) 30 (4): 571–599.
Published: 01 November 1998
... of proportionality between putative “economic” magnitudes: (Al) “ . , . till ultimately the Waterman / Malthus, Mathematics, and Coherence 573 means of subsistence become in the same proportion to the population as at the period from which we set out’’ ([ 17981 1966,31); (A2) “popu- lation...
History of Political Economy (1969) 1 (1): 44–66.
Published: 01 March 1969
... in accordance with a proportion and not on the basis of precisely equal return. For it is by proportionate requital that the city holds together.”16 The idea of a fund of mutual benefit derived from specialization of function serving as the binding force of family and village and city is so clearly de...
History of Political Economy (1985) 17 (4): 674–676.
Published: 01 November 1985
... mortality rates of the region were due not to factory conditions per se, but to the socioeconomic conditions of the workers. With the one exception of state protection for child laborers, the idea of legislative action to improve factory conditions or, for that matter, any version of poor...
History of Political Economy (1977) 9 (4): 504–521.
Published: 01 November 1977
... appeal to philosophic principle, which distin- guishes Wilson’s view of the just price from that of the Historical School. There is no need to question that social factors conditioned the economic thought of Aquinas, especially since he wrote at a time when economics had not yet...
History of Political Economy (2014) 46 (4): 609–640.
Published: 01 November 2014
.... Even less does Cantillon offer an explanation of why under com- petitive conditions rents would persist in the first place. Such theories of rent were developed only gradually from the 1760s onward. See van den Berg 2000. 14. The variation in the French manuscript versions (table 2a, note...
History of Political Economy (1981) 13 (1): 121–155.
Published: 01 March 1981
... in common the dependence of the general profit rate solely upon the conditions of production in the wage-goods sector and the (given) real wage.* The profit rate thus determined, to- gether with the given wage, is then to be used to solve for exchange values; a solution to distribution, in short...
History of Political Economy (2020) 52 (1): 171–190.
Published: 01 February 2020
...; third, Smith s recognition of the differing conditions of production across industries implies an understanding [by Smith] that the relative prices of nal goods would [not] be . . . proportionate to labor costs in the later commercial society (760); and fourth, a serious misunderstanding on Peach...
History of Political Economy (1990) 22 (3): 443–463.
Published: 01 September 1990
... returns. Increasing returns are sometimes confused with the fact that, in general, an industry is so equipped that it can increase its production without immediately causing a proportionate increase in costs. But surplus productive capacity is a normal and necessary condition of economic...
History of Political Economy (1987) 19 (4): 621–638.
Published: 01 November 1987
... (1987) venant” Stewart was driven to give it a theoretical foundation. He pro- ceeded to elucidate the fundamentals of demand and supply which he thought were glossed over by the political arithmeticians’ table. Initially he considered under what conditions reduction in supply...
History of Political Economy (1977) 9 (4): 535–547.
Published: 01 November 1977
... and employed in production, and that it adds but little if it is introduced by unproductive classes and spent on objects of quick consumption.’s But in order for monetary changes to exert an impact upon output, a hrther condition had to be fulfilled-there also had to be unemploy- ment...
History of Political Economy (2009) 41 (1): 183–208.
Published: 01 March 2009
... Statistical Society 100.3 : 421 -32. ———. 1939 . Annual Survey of Statistical Data: Pareto's Law and the Index of Inequality of Incomes. Econometrica 7.4 : 107 -33. ———.  2001 . On the Influence of Economic Conditions on the Shape of the Income Curve. In vol. 2 of Roots of the Italian...
History of Political Economy (1976) 8 (2): 252–265.
Published: 01 June 1976
... considered this necessary as an equilibrium condition, it was not necessarily true throughout the adjustment process. Section I of my paper investigates the accuracy of Viner’s attribution and explains the different versions of the price- specie flow mechanism which result from different...
History of Political Economy (1985) 17 (1): 109–132.
Published: 01 March 1985
.... $2.2 Seen in this light, Marx’s price theory may be outlined as fol- lowLet us posit here as a theorem: relative prices are proportionate to the amounts of homogeneous labor required for the production of each of the commodities concerned. Since the concept...
History of Political Economy (2021) 53 (4): 595–631.
Published: 01 August 2021
... to be positive or null, while some of them, the proportionality factor of con- sumption for example, were expected to be strictly positive. He justified the inequality conditions on outputs of consumable goods by explaining that it might occur that the same production process yielded several con- sumable goods...
History of Political Economy (2000) 32 (1): 139–157.
Published: 01 March 2000
... in the derivations of the generalizations of Ramsey’s initial result. 1. A Sketch of the Proof for the Ramsey Result The main result presented in Ramsey’s paper is that “in raising an inﬁn- itesimal revenue by proportionate taxes on given...
History of Political Economy (2013) 45 (3): 475–504.
Published: 01 September 2013
... that surplus value must be explained on the premise that all commodities exchange at their respective values? Perhaps the most cogent basis for asserting this postulate would be to identify empirically relevant market conditions that ensure the proportionality of commodity prices and val- ues. Marx...
History of Political Economy (1975) 7 (1): 56–74.
Published: 01 March 1975
... analysis and general reasoning are of wide application, yet every age and every country has its own problems; and every change in social conditions is likely to require a new development of economic doctrine.”l In scrounging around in the Aristotelian or Thomistic attic in search...
History of Political Economy (1984) 16 (3): 423–430.
Published: 01 September 1984
.... 1. Richard D. Wolff, Bruce Roberts, Antonio Callari, ‘Marx’s (not Ricardo’s) “transfor- mation problem”: a radical reconceptualization,’ History of Political Economy 14, no. 4 (1982): 564-82. 2. Since the eigenvector of prices is determined only up to a factor of proportionality...