Heterodox
Summary:
A Switch-Point Perturbation Diagram I have a new working paper at SSRN. Abstract: This article presents an analysis based on a comparison of stationary states. With technology and relative markups among industries taken as exogenous, the long-period trade-off between wages and rates of profits is determined. A long-period change in relative markups among industries can create a switch point exhibiting capital-reversing. Around such a switch point, a higher wage is associated with firms wanting to employ more labor for a given net output – a favorable occurrence for organized labor.
Topics:
Robert Vienneau considers the following as important: Example in Mathematical Economics, Labor Markets, Sraffa Effects
This could be interesting, too:
A Switch-Point Perturbation Diagram I have a new working paper at SSRN. Abstract: This article presents an analysis based on a comparison of stationary states. With technology and relative markups among industries taken as exogenous, the long-period trade-off between wages and rates of profits is determined. A long-period change in relative markups among industries can create a switch point exhibiting capital-reversing. Around such a switch point, a higher wage is associated with firms wanting to employ more labor for a given net output – a favorable occurrence for organized labor.
Topics:
Robert Vienneau considers the following as important: Example in Mathematical Economics, Labor Markets, Sraffa Effects
This could be interesting, too:
Robert Vienneau writes The Production Of Commodities And The Structure Of Production: An Example
Robert Vienneau writes A Derivation Of Prices Of Production With Linear Programming
Robert Vienneau writes Reswitching Pattern In Corn-Tractor Model
Robert Vienneau writes Goal: Perturb Special Case Of Steedman’s Corn-Tractor Model
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| A Switch-Point Perturbation Diagram |
I have a new working paper at SSRN.
Abstract: This article presents an analysis based on a comparison of stationary states. With technology and relative markups among industries taken as exogenous, the long-period trade-off between wages and rates of profits is determined. A long-period change in relative markups among industries can create a switch point exhibiting capital-reversing. Around such a switch point, a higher wage is associated with firms wanting to employ more labor for a given net output – a favorable occurrence for organized labor.