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EnglishThe fact that, in Ricardian theory, production requires time and hence capital is verbally but not formally recognized in the standard Cambridge representations. Once this is done, the famous Kaldor-Pasinetti claim that the Ricardian theory of distribution is based on a "surplus principle" different from and alien to marginal theory falls. The "new results" are related to the different dynamic properties of one- and two-secto Ricardian models.
| Titolo: | Time in Ricardian models: some critical obsservations, andsome new results |
| Autori: | COSTA G |
| Autori interni: | |
| Anno del prodotto: | 1985 |
| Abstract: | The fact that, in Ricardian theory, production requires time and hence capital is verbally but not formally recognized in the standard Cambridge representations. Once this is done, the famous Kaldor-Pasinetti claim that the Ricardian theory of distribution is based on a "surplus principle" different from and alien to marginal theory falls. The "new results" are related to the different dynamic properties of one- and two-secto Ricardian models. |
| Appare nelle tipologie: | 2.1 Contributo in volume (Capitolo o Saggio) |
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