Die neoklassische Allgemeine Gleichgewichtstheorie vom Malinvaud-Arrow-Debreu Typ und die von Sraffas "Warenproduktion mittels Waren" inspirierte klassische Theorie des allgemeinen Gleichgewichts der Produktion haben das gleiche Erkenntnisobjekt, nämlich eine auf Privateigentum, Konkurrenz und...

We compare the trade and labour approaches to wage inequality. We first look at the theoretical differences, stressing the different roles ascribed to sector and factor bias, labour supply and the theory of technical change in trade models with endogenous prices. We then briefly review some of...

This paper establishes a `turnpike theorem' for a closed linear model of production with a primitive input requirement matrix. Optimal programs of resource allocation have a `turnpike property' if the growth factor of every sector in the economy converges, in the long run, to a common value. The...