Linear Theory of Fixed Capital and China's Economy Marx, Sraffa and Okishio

Auteur: Bangxi Li
Taal: Engels
Linear Theory of Fixed Capital and China's Economy
  • Engels
  • Hardcover
  • 9789811040641
  • Druk: 1st ed. 2017
  • maart 2017
  • 122 pagina's
Alle productspecificaties

Samenvatting

This book discusses both linear economic theory and its application to China's recent economy from, 1987-2000, with an emphasis on fixed capital. It starts with the development of Marx-Sraffa linear economic models with fixed capital. The author then addresses various topics, including formal explanations of Sraffa-Okishio-Nakatani's (SON) reduction of the whole economy to its subsystem of brand-new commodities, the renewal dynamics of fixed capital and the Marx-Engles-Ruchti-Lohmann effect as well as its extension to the accelerated depreciation case; and simulations of the economic durability of fixed capital. Further, in a general joint-production system, equilibria are computed as the spectra of the matrix pencil defining the equilibrium of the systems and the so-called Cambridge equation are extended to the case of SON's economy.By simulating the case of all final products being invested for capital goods, it estimates the fixed capital coefficients from investment data on China's economy 1995-2000. Based on this, the book describes the wage-profit curves of the open China economy. By applying the estimated fixed capital coefficients, the book presents the computation of the labour values of major commodities in China, and the turnpike of the stage 1995-2000, with fixed capital. It compares the value system with the production price system, and thus points out some structural issues of China's economy that are worth discussing.

Productspecificaties

Inhoud

Taal
Engels
Bindwijze
Hardcover
Druk
1st ed. 2017
Verschijningsdatum
maart 2017
Afmetingen
24,6 x 15,9 x 1,7 cm
Aantal pagina's
122 pagina's
Illustraties
Nee

Betrokkenen

Auteur
Bangxi Li
Uitgever
Springer Verlag, Singapore

EAN

EAN
9789811040641

Overige kenmerken

Extra groot lettertype
Nee
NUR code
780
Subtitel
Marx, Sraffa and Okishio
Thema Subject Code
KCA

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