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This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit...
Persistent link: https://www.econbiz.de/10005620036
This article presents a detailed textual analysis of Marx’s actual account of the tendency of the rate of profit to fall and attempts to recover the initial logic of the analysis It sets this against early discussion on Marx’s value theory and shows, in a non-mathematical manner, how a...
Persistent link: https://www.econbiz.de/10005621873
temporal evolution of its parameters. This alternative view reinstates the notion which Marshall and Walras sought to extirpate …
Persistent link: https://www.econbiz.de/10005621983
This paper discusses the relation between law and contingency in the formation of value. It begins from a much-ignored assertion of Marx, repeated throughout his works, that the equality of supply and demand is contingent and their non-equality constitutes their law. This highly complex and...
Persistent link: https://www.econbiz.de/10005789658
This chapter presents an application of competitive general equilibrium theory of markets in the spirit of Walras …
Persistent link: https://www.econbiz.de/10005790445
This paper was presented to the Brasilian Society for Political Economy at its 1998 conference. It presents the principal differences between the temporal and the simultaneist approach to the theory of value. It was the first paper to present a formal conceptual analogy between the temporal...
Persistent link: https://www.econbiz.de/10005837170
classical models that are incompatible with Walras’ general equilibrium theory. Our paper examines in details the last argument … "Walrasian", "Classical" and so forth. We show that incompatibility between models of Leontief and Walras’ general equilibrium … criterion is powerless to distinguish Leontief’s representation of production as a circular flow and Walras one. Indeed, while …
Persistent link: https://www.econbiz.de/10009643195
examine the meaning of this concept in Leon Walras' and Wassily Leontief's works regarding mathematical models of general …
Persistent link: https://www.econbiz.de/10008924841
Italian Abstract: Con questo saggio intendo fare luce sulla presenza e la rilevanza teoretica dell’idea del buongoverno nel pensiero di Einaudi, attraverso un confronto con il pensiero di Mosca basato su identità e differenze tra le loro concezioni del governo della legge, l'opinione...
Persistent link: https://www.econbiz.de/10011107352
There is a persistent aversion towards methodological discourse by most mainstream economists. Frank Hahn (1992) exemplified this attitude and provoked a number of reactions concerning the role and the reasons for methodological aversion. After offering a categorization of the main explanations...
Persistent link: https://www.econbiz.de/10011107699