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Prices, Reproduction, Scarcity

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  • Bidard,Christian

Abstract

Originally 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).

Suggested Citation

  • Bidard,Christian, 2004. "Prices, Reproduction, Scarcity," Cambridge Books, Cambridge University Press, number 9780521472838.
    • Handle: RePEc:cup:cbooks:9780521472838
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    Cited by:

    1. Torres-González, Luis Daniel, 2022. "The Characteristics of the Productive Structure Behind the Empirical Regularities in Production Prices Curves," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 622-659.
    2. Fabio Ravagnani, 2008. "Classical Theory and Exhaustible Natural Resources: Notes on the Current Debate," Review of Political Economy, Taylor & Francis Journals, vol. 20(1), pages 79-93.
    3. Christian Bidard, 2014. "The Wage Curve in Austrian Models," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    4. Christian Bidard, 2010. "Complementarity Problems and General Equilibrium," Working Papers hal-04140923, HAL.
    5. Alberto Benítez Sánchez. & Alejandro Benítez Sánchez., 2012. "Upper and Lower Bounds for Capital and Wages," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 37(2), pages 11-32, Julio-Dic.
    6. Vienneau, Robert L., 2021. "Fluke Switch Points in Pure Fixed Capital Systems," Centro Sraffa Working Papers CSWP48, Centro di Ricerche e Documentazione "Piero Sraffa".
    7. Christian Bidard, 2020. "The Wage-Maximisation Property," EconomiX Working Papers 2020-17, University of Paris Nanterre, EconomiX.
    8. Li, Wu, 2010. "A Study on Dynamic General Equilibrium under the Classical Growth Framework," MPRA Paper 25540, University Library of Munich, Germany.
    9. Ian Steedman, 2006. "Long Run Demand For Labour In The Consumer Good Industry," Metroeconomica, Wiley Blackwell, vol. 57(2), pages 158-164, May.
    10. 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.
    11. Alberto Benítez Sánchez & Alejandro Benítez Sánchez, 2014. "Wages Paid in Kind in Self-Replacing Economies," International Journal of Business and Social Research, LAR Center Press, vol. 4(5), pages 1-11, May.
    12. Richard Arena, 2014. "On the importance of institutions and forms of organisation in Piero Sraffa's economics: the case of business cycles, money, and economic policy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(5), pages 775-800, October.
    13. Saverio M. Fratini, 2016. "Rent as a share of product and Sraffa’s price equations," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(2), pages 599-613.
    14. Alberto Benítez Sánchez & Alejandro Benítez Sánchez, 2014. "Viable Techniques, Leontief’s Closed Model, and Sraffa’s Subsistence Economies," International Journal of Business and Social Research, LAR Center Press, vol. 4(11), pages 18-30, November.
    15. Bidard, Christian, 2014. "The Ricardian rent theory: an overview," Centro Sraffa Working Papers CSWP8, Centro di Ricerche e Documentazione "Piero Sraffa".
    16. Antonio D'Agata, 2010. "Endogenous Adaptive Dynamics In Pasinetti Model Of Structural Change," Metroeconomica, Wiley Blackwell, vol. 61(2), pages 333-363, May.
    17. Weikai Chen & Naoki Yoshihara, 2019. "Persistent Exploitation with Intertemporal Reproducible Solution in Pre-industrial Economies," UMASS Amherst Economics Working Papers 2019-10, University of Massachusetts Amherst, Department of Economics.
    18. Li, Wu, 2015. "The Determination of the Equilibrium Exchange Rates Based on a General Equilibrium Model," MPRA Paper 68528, University Library of Munich, Germany.
    19. Giorgio Giorgi, 2019. "Nonnegative Square Matrices: Irreducibility, Reducibility, Primitivity and Some Economic Applications," DEM Working Papers Series 175, University of Pavia, Department of Economics and Management.
    20. Akhabbar, Amanar & Lallement, Jérôme, 2010. "Wassily Leontief and Léon Walras: the Production as a Circular Flow," MPRA Paper 30207, University Library of Munich, Germany.
    21. PARYS, Wilfried, 2013. "All but one: How pioneers of linear economics overlooked Perron-Frobenius mathematics," Working Papers 2013030, University of Antwerp, Faculty of Business and Economics.
    22. Alberto Benítez Sánchez & Alejandro Benítez Sánchez, 2014. "Wages Paid in Kind in Self-Replacing Economies," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(5), pages 1-11, May.
    23. Alberto Benítez Sánchez & Alejandro Benítez Sánchez, 2014. "Viable Techniques, Leontief’s Closed Model, and Sraffa’s Subsistence Economies," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(11), pages 18-30, November.
    24. Christian Bidard, 2014. "The Ricardian rent theory two centuries after," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    25. Borissov, Kirill & Dubey, Ram Sewak, 2020. "Growth with many agents and wages paid ex ante," Economic Modelling, Elsevier, vol. 89(C), pages 101-107.

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