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Palgrave Macmillan
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Normal Prices, Technical Change and Accumulation

  • Book
  • © 1997

Overview

Authors:
  1. Bertram Schefold

    1. Johann Wolfgang Goethe-Universität, Frankfurt am Main, Germany

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Part of the book series: Studies in Political Economy (STPE)

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Table of contents (20 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction: Sraffa’s Theory Today

    1. Introduction: Sraffa’s Theory Today

      • Bertram Schefold
      Pages 1-18

  3. General Properties of Single and Joint Production Systems

    1. Front Matter

      Pages 19-19
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    2. Multiple Product Techniques with Properties of Single Product Systems

      • Bertram Schefold
      Pages 21-45

    3. Relative Prices as a Function of the Rate of Profit: A Mathematical Note

      • Bertram Schefold
      Pages 46-75

    4. The Standard Commodity as a Tool of Economic Analysis

      • Bertram Schefold
      Pages 76-97

  4. The Dominant Technique

    1. Front Matter

      Pages 99-99
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    2. On Counting Equations

      • Bertram Schefold
      Pages 101-134

    3. Von Neumann and Sraffa: Mathematical Equivalence and Conceptual Difference

      • Bertram Schefold
      Pages 135-155

    4. The Dominant Technique in Joint Production Systems

      • Bertram Schefold
      Pages 156-196

    5. Joint Production: A Further Assessment

      • Bertram Schefold
      Pages 197-208

  5. Fixed Capital and Technical Progress

    1. Front Matter

      Pages 209-209
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    2. Fixed Capital as a Joint Product

      • Bertram Schefold
      Pages 211-239

    3. Reduction to Dated Quantities of Labour, Roundabout Processes and Switches of Technique in Fixed Capital Systems

      • Bertram Schefold
      Pages 240-256

    4. Different Forms of Technical Progress

      • Bertram Schefold
      Pages 257-275

    5. Capital, Growth and Definitions of Technical Progress

      • Bertram Schefold
      Pages 276-288

  6. The Composition of Output

    1. Front Matter

      Pages 289-289
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    2. Sraffa and Applied Economics: Joint Production

      • Bertram Schefold
      Pages 291-316

    3. On Changes in the Composition of Output

      • Bertram Schefold
      Pages 317-356

  7. Relations between Classical, Neoclassical and Keynesian Theories

    1. Front Matter

      Pages 357-357
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Keywords

About this book

This book presents the most significant theoretical articles by Bertram Schefold to illuminate the development and the present state of modern classical theory. It assembles twenty heavily discussed papers on joint production and fixed capital, choice of technique and technical progress, composition of output and the relation between classical, neoclassical and keynesian economics. There is a broad new introduction. The chapter on the critique of intertemporal general equilibrium is novel and represents an original theoretical advance.

Authors and Affiliations

  • Johann Wolfgang Goethe-Universität, Frankfurt am Main, Germany

    Bertram Schefold

About the author

BERTRAM 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.

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