Prices, Reproduction, Scarcity
AbstractOriginally published as a French edition in 1991, and first translated into English for this Cambridge edition in 2004, in this exhaustive study Christian Bidard develops a theory of prices of production. This theory 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 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).
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Bibliographic InfoThis book is provided by Cambridge University Press in its series Cambridge Books with number 9780521472838 and published in 2004.
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- Fabio Ravagnani, 2006. "Classical Theory and Exhaustible Natural Resources: Notes on the Current Debate," Working Papers 94, University of Rome La Sapienza, Department of Public Economics.
- Akhabbar, Amanar & Lallement, Jérôme, 2010. "Wassily Leontief and Léon Walras: the Production as a Circular Flow," MPRA Paper 30207, University Library of Munich, Germany.
- D’Agata, Antonio & Mori, Kenji, 2012. "A dynamic linear economy with characteristic-based endogenous technical coefficients," Structural Change and Economic Dynamics, Elsevier, vol. 23(3), pages 195-204.
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