The Simple Analytics of Falling Profit Rates, Okishio's Theorem and Fixed Capital

This paper uses a simple Ricardian model to analyze the compara tive static properties of the profit rate, when Okishio-profitable technological innovations are introduced. We use a constructive-geometrical proof of Okishio's Theorem and extend it to a world including fixed capital equipment of equal efficiencies over its lifetime.

MoreLess

Year of publication:	1979
Authors:	Alberro, José ; Persky, Joseph
Published in:	Review of Radical Political Economics. - Union for Radical Political Economics. - Vol. 11.1979, 3, p. 37-41
Publisher:	Union for Radical Political Economics

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010797052