Heterodox
Summary:
Figure 1: A Pattern Diagram I have put up a working paper with the post title. Abstract: This article considers Harrod-neutral technical progress in the context of an analysis of the choice of technique. In a model of the production of commodities by means of commodities, neutral technical change is compatible with the reswitching of techniques, capital reversing, process recurrence, and the reverse substitution of labor. A taxonomy of fluke switch points is applied to an example, illustrating how these phenomena can arise and vanish in the course of neutral technical progress. I get various fluke switch points, as is typical of my examples. By assuming Harrod-neutral technical change, I end up with the structure in Figure 2, in one slice of the parameter space. Figure 2: A
Topics:
Robert Vienneau considers the following as important: Example in Mathematical Economics, Sraffa Effects
This could be interesting, too:
Figure 1: A Pattern Diagram I have put up a working paper with the post title. Abstract: This article considers Harrod-neutral technical progress in the context of an analysis of the choice of technique. In a model of the production of commodities by means of commodities, neutral technical change is compatible with the reswitching of techniques, capital reversing, process recurrence, and the reverse substitution of labor. A taxonomy of fluke switch points is applied to an example, illustrating how these phenomena can arise and vanish in the course of neutral technical progress. I get various fluke switch points, as is typical of my examples. By assuming Harrod-neutral technical change, I end up with the structure in Figure 2, in one slice of the parameter space. Figure 2: A
Topics:
Robert Vienneau considers the following as important: Example in Mathematical Economics, Sraffa Effects
This could be interesting, too:
Robert Vienneau writes Wages, Employment Not Determined By Supply And Demand
Robert Vienneau writes A Perverse Switch Point For Neoclassical Economics, Non-Perverse For Austrians
Robert Vienneau writes The Fundamental Sraffian Theorem
Robert Vienneau writes Perverse Switch Point For Austrian Economics
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| Figure 1: A Pattern Diagram |
I have put up a working paper with the post title.
Abstract: This article considers Harrod-neutral technical progress in the context of an analysis of the choice of technique. In a model of the production of commodities by means of commodities, neutral technical change is compatible with the reswitching of techniques, capital reversing, process recurrence, and the reverse substitution of labor. A taxonomy of fluke switch points is applied to an example, illustrating how these phenomena can arise and vanish in the course of neutral technical progress.
I get various fluke switch points, as is typical of my examples. By assuming Harrod-neutral technical change, I end up with the structure in Figure 2, in one slice of the parameter space.
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| Figure 2: A Two-Dimensional Pattern Diagram |