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 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
Robert Vienneau writes Traditional And ‘Perverse’ Switch Points For Austrian And Neoclassical 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 |