The theory of value, capital and interest: a new approach
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Aldershot [u.a.]
Elgar
1995
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIV, 281 S. graph. Darst. |
| ISBN: | 1858980550 |
Internformat
MARC
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| 245 | 1 | 0 | |a The theory of value, capital and interest |b a new approach |c Branko Horvat |
| 264 | 1 | |a Aldershot [u.a.] |b Elgar |c 1995 | |
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| 650 | 4 | |a Interest | |
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Datensatz im Suchindex
| _version_ | 1804124586699128832 |
|---|---|
| adam_text | Contents
List of figures viii
Preface ix
List of symbols xiii
PART I INTRODUCTION
1 Methodological considerations 3
1.1 Why pure theory? 3
1.2 The need for a new paradigm 7
1.3 Neoclassical aporiae 12
1.4 The labour theory of value 27
2 The model 33
2.1 The general model 33
2.2 The elimination of intermediate products 34
2.3 Canonical model 38
3 Stationary economy 41
3.1 Material and value balances 41
3.2 Quantity and price equations 42
3.3 Embodied labour 44
PART II CHANGING ECONOMY I: GROWTH OR DECREASE
OF LABOUR FORCE
4 Two dynamic effects 49
4.1 Replacement effect 49
4.2 Employment effect 54
5 Quantity and price equations 59
5.1 Real capital cost 59
5.2 Quantity equations 60
5.3 Price equations 61
5.4 Social accounting concepts 62
5.5 Interest parables 64
PART III CHANGING ECONOMY II: TECHNOLOGICAL
PROGRESS
6 Once and for all technological change 73
6.1 Some conceptual issues 73
v
vi Contents
6.2 Output and price changes 76
6.3 Three measures of capital intensity 77
6.4 Patterns of technological change 79
6.5 Final comments 81
7 Continuous unembodied technological progress 84
7.1 Changes in rental rate 84
7.2 The formation of prices if both technological progress 87
and growth of labour force occur simultaneously
7.3 Measuring technological change 89
7.4 Constant index of nominal prices 91
8 Embodied technological progress 92
8.1 Embodied and unembodied technological progress 92
compared
8.2 Replacement 95
8.3 Price formation 97
8.4 Obsolescence 100
9 Evaluation of investment projects 102
9.1 Conceptual issues again 102
9.2 Labour time, basket and standard prices 103
9.3 Present values 105
9.4 Alternative values of investment projects 107
9.5 Comparisons of investment projects 109
PART IV THE CHOICE OF TECHNIQUES
10 Price quantity duality 113
10.1 Output and price curves 113
10.2 Dual (wage) curve 119
10.3 Distribution (wage rental) curve 124
10.4 Production (consumption investment) curve 128
10.5 Changes in capital intensity along the wage curve 132
10.6 Relations between output and capital 138
10.7 Wicksell effects 143
11 Technological frontier 146
11.1 The impossibility of reswitching 147
11.2 The impossibility of changing both techniques at the 150
same time
11.3 Changes in capital intensities 152
11.4 The properties of technological frontier systematized 155
11.5 Quasi production function 157
11.6 The determination of the technology frontier 160
Contents vii
PARTV EXTENSIONS
12 Joint production 171
12.1 Stationary economy 171
12.2 Expanding economy 180
12.3 The wage curve 182
13 Rent 185
13.1 Differential and absolute rents 185
13.2 Equations 190
13.3 Distribution surface 194
13.4 A labour interpretation of rent 198
PART VI GENERALIZATIONS
14 Many consumer goods 203
14.1 Constant technology 203
14.2 Heterogeneous labour 205
14.3 Technological progress 206
15 Many capital goods 213
15.1 Constant technology 213
15.2 A generalization to two or more capital goods 218
15.3 Technological progress 224
16 The general case: many consumer and producer goods 228
16.1 Constant technology 228
16.2 Industrial interdependence effects 240
16.3 Technological progress 244
16.4 Stable price level 250
16.5 The interest rate 252
16.6 Conclusion 255
Notes 258
References 268
Name index 277
Subject index 279
Figures
1.1 The epistemological tree of economics 4
4.1 Replacement effect 52
4.2 Replacement and rental curves 52
5.1 Social accounting and analytical schemes 63
5.2 The rate of return, v/u 66
7.1 The measure of neutral technological progress 87
10.1 Output curves 114
10.2 Price curves 115
10.3 Transformation locus 117
10.4 Dual (wage) curve 120
10.5 Capitalist exploitation 125
10.6 Final output per worker, capital per worker and capital 127
output ratio
10.7 The final output frontier 130
10.8 Variations of final product, capital worker and capital 137
output ratios as functions of rental rate
10.9 Labour value of final output 139
10.10 Final product in terms of baskets 141
11.1 Four possible pairs of efficient technologies 148
11.2 Switch point and prices 149
11.3 Technological frontier 152
11.4 Capital reversal 155
11.5 Quasi production function 158
11.6 Neoclassical relations between consumption per capita, 162
capital intensity and the interest rate
11.7 Primal constraints 163
11.8 Dual constraints 164
12.1 Joint production 175
12.2 The wage curve for joint production in both industries 183
13.1 Changing order of rents 186
13.2 Differential rent II as dependent on techniques and 188
product prices under social and private ownership regimes
13.3 Differential rent II as a function of demand = supply 189
equilibria under social and private ownership regimes
13.4 Production with limited labour and land 194
13.5 Projections of the distribution surface 197
15.1 The violation of neoclassical postulates without reswitching 223
16.1 Technological frontier with reswitching of techniques in 236
consumer good industries
viii
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| any_adam_object | 1 |
| author | Horvat, Branko 1928-2003 |
| author_GND | (DE-588)119248093 |
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| callnumber-raw | HB206.H67 1995 |
| callnumber-search | HB206.H67 1995 |
| callnumber-sort | HB 3206 H67 41995 |
| callnumber-subject | HB - Economic Theory and Demography |
| classification_rvk | QC 100 QC 210 |
| ctrlnum | (OCoLC)30398370 (DE-599)BVBBV010186141 |
| dewey-full | 335.4/12 335.4/1220 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 335 - Socialism and related systems |
| dewey-raw | 335.4/12 335.4/12 20 |
| dewey-search | 335.4/12 335.4/12 20 |
| dewey-sort | 3335.4 212 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| illustrated | Illustrated |
| indexdate | 2024-07-09T17:48:01Z |
| institution | BVB |
| isbn | 1858980550 |
| language | English |
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| spelling | Horvat, Branko 1928-2003 Verfasser (DE-588)119248093 aut The theory of value, capital and interest a new approach Branko Horvat Aldershot [u.a.] Elgar 1995 XIV, 281 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Meerwaarde gtt Modellen gtt Labor theory of value Capital Interest Kapitaltheorie (DE-588)4130460-3 gnd rswk-swf Arbeitswerttheorie (DE-588)4139005-2 gnd rswk-swf Gleichgewichtsmodell (DE-588)4125214-7 gnd rswk-swf Arbeitswerttheorie (DE-588)4139005-2 s Kapitaltheorie (DE-588)4130460-3 s DE-604 Gleichgewichtsmodell (DE-588)4125214-7 s DE-188 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006766953&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Horvat, Branko 1928-2003 The theory of value, capital and interest a new approach Meerwaarde gtt Modellen gtt Labor theory of value Capital Interest Kapitaltheorie (DE-588)4130460-3 gnd Arbeitswerttheorie (DE-588)4139005-2 gnd Gleichgewichtsmodell (DE-588)4125214-7 gnd |
| subject_GND | (DE-588)4130460-3 (DE-588)4139005-2 (DE-588)4125214-7 |
| title | The theory of value, capital and interest a new approach |
| title_auth | The theory of value, capital and interest a new approach |
| title_exact_search | The theory of value, capital and interest a new approach |
| title_full | The theory of value, capital and interest a new approach Branko Horvat |
| title_fullStr | The theory of value, capital and interest a new approach Branko Horvat |
| title_full_unstemmed | The theory of value, capital and interest a new approach Branko Horvat |
| title_short | The theory of value, capital and interest |
| title_sort | the theory of value capital and interest a new approach |
| title_sub | a new approach |
| topic | Meerwaarde gtt Modellen gtt Labor theory of value Capital Interest Kapitaltheorie (DE-588)4130460-3 gnd Arbeitswerttheorie (DE-588)4139005-2 gnd Gleichgewichtsmodell (DE-588)4125214-7 gnd |
| topic_facet | Meerwaarde Modellen Labor theory of value Capital Interest Kapitaltheorie Arbeitswerttheorie Gleichgewichtsmodell |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006766953&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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