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Journal Article
History of Political Economy (1988) 20 (3): 357–379.
Published: 01 September 1988
... Robert Wallace and Malthus and the ratios John M.Hartwick Introduction T. R. Malthus, writing on population in 1798, “had been completely an- ticipated by Wallace. . . . The only addition was the geometrical and ar- ithmetical ratios” (K. Smith 1951, 71...
Journal Article
History of Political Economy (2010) 42 (2): 221–266.
Published: 01 June 2010
..., were their technological heterogeneity—in the sense of significant differences in the capital-labor ratio between two or more sectors—and underemployment caused by maladjustment between the availability of factors and irreversible production methods. Both characteristics were explained...
Journal Article
History of Political Economy (2013) 45 (3): 373–414.
Published: 01 September 2013
... to the traditional picture. According to the classical view, measuring an object consists of assessing the numerical ratio between the object and some other object taken as a unit. In particular, we show that Jevons, Menger, and Walras understood measurement in the classical sense and applied this understanding...
Journal Article
History of Political Economy (2017) 49 (3): 405–436.
Published: 01 September 2017
.... Reactions to Domar's approach at the time brought about methodological assertions on the distinction between models and theories. Domar's model was an open one, in the sense that his growth equation allowed different closures. A main feature of the model was its relatively stable capital-output ratio, which...
Journal Article
History of Political Economy (2020) 52 (4): 709–740.
Published: 01 August 2020
... criticisms and his own analysis, Edgeworth would move from a ratio to an ordinal understanding of utility, despite never abandoning the idea that economics should be psychologically grounded. Correspondence may be addressed to Thomas Michael Mueller: [email protected] . Copyright 2020 by Duke...
Journal Article
History of Political Economy (2020) 52 (5): 863–894.
Published: 01 October 2020
... that defines the saving ratio in the economy. However, the road connecting Solow to the Ramsey-Cass-Koopmans model is not so straightforward. We argue that in order to understand Koopmans’s contribution, we have to go to the activity analysis literature that started before Solow 1956 and never had him...
Journal Article
History of Political Economy 11642364.
Published: 04 December 2024
... Aquinas relied, and which does not appear in the Fathers’ commentaries. Aquinas here provides the founding elements of his later analyses: the role of the price in ensuring the justice of exchange but also the diversity of possible exchange ratios, not necessarily referring to price, in order to account...
Journal Article
History of Political Economy (2024) 56 (S1): 107–132.
Published: 01 December 2024
... contributions to activity analysis and linear programming, with particular attention to Koopmans's 1942 memorandum for the Combined Shipping Adjustment Board titled “Exchange Ratios between Cargoes on Various Routes” (first published in his Scientific Papers , 1970). [email protected] Copyright 2024...
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Published: 01 December 2022
Figure 2. Change in the Index of Occupational Segregation and the Gender Earnings Ratio, 1979 to 2012. Originally figure 5 in Hegewisch and Hartmann 2014 . More
Journal Article
History of Political Economy (2002) 34 (1): 31–53.
Published: 01 March 2002
... of the Rate of Interest on Prices. Economic Journal 17 (June): 213 -20. Money Supply Theory and the Great Depression: What Did the Fed Know? Elmus Wicker A key chapter in the history of money supply theory is missing: the evo- lution of the role of the currency-deposit ratio as a determinant...
Journal Article
History of Political Economy (1979) 11 (4): 459–476.
Published: 01 November 1979
... an exam- ple to illustrate his point. Adverting to his previous example in which England could produce 10 yards of cloth or 15 yards of linen with a given amount of labor, Germany 10 yards of cloth or 20 of linen, he supposes that, if the trading ratio were 10 cloth ‘for 17 linen, England’s...
Journal Article
History of Political Economy (1972) 4 (1): 89–112.
Published: 01 March 1972
... equations in four unknowns: M,, M,, P,, and Pa. The system can be made determinate by fixing the ratio be- tween P, and Pa: Pg/P8 = % (4) where ?t is the bimetallic ratio established by the authorities.6 But the authorities can effectively fix...
Journal Article
History of Political Economy (1985) 17 (3): 355–366.
Published: 01 September 1985
... History of Political Economy I7:3 (1985) N,- is the amount of homogeneous labour used in technique F. L,- is the amount of homogeneous land used in technique F; A,- is the land/labour ratio. Perfect competition ensures the equality of marginal products and factor rentals. Rent equals...
Journal Article
History of Political Economy (1975) 7 (1): 56–74.
Published: 01 March 1975
...- lem of dual subjective estimates of value between two exchanging par- ties” and that there is “no room for d~ubtSoudek concludes that for Aristotle, “the ratio of exchange of two products is the reciprocal of the ratio of the utilities of what A gives away to what he receives...
Journal Article
History of Political Economy (2006) 38 (1): 175–184.
Published: 01 March 2006
... is devoted to challenging Harrodʼs claim that the “rates of exchange” in a self-replacing economy are simple (inverted) ratios of the amounts exchanged by the industries. Sraffa recognized, of course, that this is the case with two industries, but he drastically opposed the possibility of extending...
Journal Article
History of Political Economy (1969) 1 (2): 359–369.
Published: 01 June 1969
... income or profit = 10,000 MODEL CONBTRLLINTS h= operating hours per day for one year = 11.5 n= production periods per year - 5 DEPENDENT RATIOS P= annual rate of profit = 10% z...
Journal Article
History of Political Economy (1971) 3 (1): 56–91.
Published: 01 March 1971
... termiaolo,gy. But to continue : Objeotive value usually emerges in the form of a comparison between different goods: rn units of a good a are equated with n of good b. Now, if this ratio ohmges so that m+l units of a become equated with n of 6, the question is: which of the values...
Journal Article
History of Political Economy (1984) 16 (2): 175–186.
Published: 01 June 1984
... an identity, may be written thus: Saving ratio Warranted income growth rate = ‘Required’ marginal capital (1) coefficient Not only are ex ante saving and investment equal at all points...
Journal Article
History of Political Economy (1986) 18 (1): 65–85.
Published: 01 March 1986
... of the capitalist economies described by Marx. For example, Otto Bauer endeavored to demonstrate the possibility of sustained growth in a closed capitalist economy with an increasing capital-labor ratio (increasing organic composition of capital). Building on the work of Orzech and Groll, Martin...
Journal Article
History of Political Economy (1970) 2 (1): 177–196.
Published: 01 March 1970
... esteem value as a ratio. Thus if a person esteems 3 units of commodity A as equal to 2 units of com- modity B, his esteem value of A in terms of B would be 3:2, and of B in terms of A, 2:3. Cf. below, part 111, where Turgot’8 theory of isolated exchange is discussed and where this concept...