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Reswitching As A Cause Of Instability Of Intertemporal Equilibrium

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  • Bertram Schefold

Abstract

It is generally recognized that the paradoxes of capital, of which reswitching is the most striking example, are a reason to question the existence of aggregate production functions. It is here shown that they affect intertemporal general equilibrium as well as causes of instabilities.

Suggested Citation

  • Bertram Schefold, 2005. "Reswitching As A Cause Of Instability Of Intertemporal Equilibrium," Metroeconomica, Wiley Blackwell, vol. 56(4), pages 438-476, November.
    • Handle: RePEc:bla:metroe:v:56:y:2005:i:4:p:438-476
    DOI: 10.1111/j.1467-999X.2005.00224.x
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    References listed on IDEAS

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    1. Kurz,Heinz D. (ed.), 2000. "Critical Essays on Piero Sraffa's Legacy in Economics," Cambridge Books, Cambridge University Press, number 9780521580892.
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    Cited by:

    1. Saverio M. Fratini, 2015. "A Note on Reswitching and Intertemporal Prices," Review of Political Economy, Taylor & Francis Journals, vol. 27(4), pages 666-678, October.
    2. Schefold, Bertram, 2008. "C.E.S. production functions in the light of the Cambridge critique," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 783-797, June.
    3. Saverio M. Fratini, 2019. "On The Second Stage Of The Cambridge Capital Controversy," Journal of Economic Surveys, Wiley Blackwell, vol. 33(4), pages 1073-1093, September.
    4. Friedrich L. Sell & Ernst K. Ruf, 2016. "Monopsony in the Labor Market, Minimum Wages and the Time Horizon: Some Unresolved Issues," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(1), pages 75-90, March.
    5. Fabio Petri, 2009. "On the Recent Debate on Capital Theory and General Equilibrium," Department of Economics University of Siena 568, Department of Economics, University of Siena.
    6. Bertram Schefold, 2005. "Zero Wages—No Problem? A Reply To Mandler," Metroeconomica, Wiley Blackwell, vol. 56(4), pages 503-513, November.

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