Prices, Reproduction, Scarcity

Erscheinungsjahr 2016
ISBN: 978-0-521-47283-8
Verlag: Cambridge University Press

Buch, Englisch, 372 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 754 g

In this definitive and exhaustive study, Christian Bidard develops a theory of prices of production. This theory, of classical inspiration, breaks down the symmetry between producers and consumers and gives more importance to reproduction rather than scarcity. In his analysis of multiple-product systems, Bidard focuses on the notion of an all-engaging system which elucidates the link with von Neumann's theory; examines the notions of sector and vertical integration which make possible an elegant treatment of fixed capital; clarifies the status of the internal rate of return; proposes a general theory of rent. In the discussion of capital theory and marginal equalities or, more specifically, the treatment of exhaustible resources, Bidard compares and contrasts different readings of Sraffa's work and revisits the question of relationships between classical theory (Smith, Ricardo, Marx) and the general equilibrium theory (Walras, Arrow, Debreu).

Autoren/Hrsg.

Bidard, Christian

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Produktionsmanagement, Qualitätskontrolle

Inhaltsverzeichnis

Part I. Single Production: 1. Principles; 2. The corn model; 3. A two-commodity economy; 4. A basic multisector economy; 5. Non-basic economies; 6. Relative prices; 7. Ricardo's theory of value; 8. The labor value; 9. Choice of technique; Part II. Joint Production: 10. Joint production: a theoretical object; 11. Paradoxes and tools; 12. Engaging systems; 13. From von Neumann to Sraffa; 14. The notion of a sector; 15. Austrian and one-machine models; 16. Fixed capital theory; 17. Rent theory; Part III. Questions of Method: 18. An agenda; 19. A Sraffian theory of choice of technique; 20. The structure of general equilibrium; 21. The marginal equalities; 22. Intertemporal models and prices of production; 23. Long-term prices and exhaustible resources; 24. An overview; Mathematical Appendix: elements of combinatorial geometry.

Über Autor(innen)

Bidard, Christian
Christian Bidard is Professor of Economics at the University of Paris X-Nanterre. He is the editor or the author of several books on Sraffa's theory: Prix, Reproduction, Rareté (1991, La Rente (1987), La Production Jointe (1984), and its relationship with Keynesian theory. He is the author of over seventy papers in economic journals and books largely devoted to the theory of long-term competitive prices.