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About this product
- DescriptionThere has been a marked revival of classical ecomic theory since the 1960s. This was associated partly with Sraffa's contribution, partly also with the development of post-Keynesian ecomics. It has given rise to a series of ongoing controversies. This collection of essays, some previously published, some new, starts with a survey of the present state of the debate. Several papers are concerned with the new classical solution to the problem of value and choice of technique in the presence of joint production. Fixed capital allows formalization of different kinds of technical progress which differ also in their macroecomic effects. A vel contribution is made to capital theory: it is shown how intertemporal equilibria are affected by techlogies which exhibit reswitching through changed stability conditions. Further essays deal with the composition of output and effective demand and the relation between Keynesian and classical theories and environmental ecomics.
- Author BiographyBERTRAM SCHEFOLD is Professor of Economics at the Johan Wolfgang Goethe University in Frankfurt am Main. He has held numerous visiting appointments. His publications include books and articles in German, English, French and Italian, primarily on economic theory, economics of energy and of the environment, and on the history of economic thought.
- Author(s)Bertram Schefold
- PublisherPalgrave Macmillan
- Date of Publication14/02/1997
- SubjectEconomics: Professional & General
- Series TitleStudies in Political Economy
- Place of PublicationBasingstoke
- Country of PublicationUnited Kingdom
- ImprintPalgrave Macmillan
- Content Notebiography
- Weight902 g
- Width140 mm
- Height216 mm
- Spine48 mm
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