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Full Product Details

Author:   Bertram Schefold
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Dimensions:   Width: 15.60cm , Height: 2.30cm , Length: 23.40cm
Weight:   0.453kg
ISBN:  

9780043381502

ISBN 10:   0043381502
Pages:   388
Publication Date:   21 September 1989
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

"Part 1 Introduction: Sraffa's first critique; Ricardo and surplus approach; single product Sraffa systems - labour values; prices; movement of relative prices; basics and non-basics; the standard commodity; reswitching; theory and history; the problem of value with joint production in a classical perspective; the fundamental principle of the determination of prices with joint production; the main questions to be answered; summary of results; notation ann how to get started with joint production. Part 2 Mr Sraffa on joint production: A - general joint production systems: the system; the concept of a basic system; uniqueness of the basic system; labour values; distribution and the standard commodity; expansions of the price vector; peculiarities of joint production systems - existence of the standard commodity; all-productive and related systems; the standard commodity and the possibility of balanced growth; residual commodities and dispensible processes; balanced growth and truncation; beyond the golden rule; method; applications; diagrams for section 9b. B - specific joint production systems: definition of a pure fixed capital system; the centre of fixed capital systems; price movements of finished goods; the value of machines; efficiency and age of machines; perennial and obsolete machines in long period and short period analysis; fixed capital, switching of techniques and the von Neumann model; fixed capital and truncation if g < r; fixed capital and joint production in a growing economy; ""extensive"" and ""intensive"" diminishing returns; a digression on international trade, on exhaustible resources; effects of the presence of land on the basic system; differential rent, absolute rent and the choice of techniques; homogenity and heterogenity of capital, land and labour. Part 3 Other essays: production costs in neoclassical theory; Ricardo; critique of neoclassical theory; Sraffa and Marx; Sraffa and Marx - some reflections on the homogeneity of labour; distribution, prices and competition; some thoughts about the foundation of value in Sraffa and his standard commodity."

Reviews

`Schefold's book provides a mathematical goldmine of theorems, as well as presenting those interested in Sraffian and Marxian economics with a basic source book and, indeed, inspiration for work in this field. It strides across many boundaries which currently divide our subject.' - John Eatwell, University of Cambridge

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Bertram Schefold

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