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The Dominant Technique in Joint Production Systems

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  • Schefold, B

Abstract

This paper argues that the essential properties of the wage curves of single product systems hold also with joint production-hence, the mai n tool for the analysis of accumulation with technical progress, used with single product systems, can also be used here. The wage curve still expresses the trade-off between wages and profits. It is geometrically identical with the curve relating consumption per head and the rate of growth. Copyright 1988 by Oxford University Press.

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  • Schefold, B, 1988. "The Dominant Technique in Joint Production Systems," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 12(1), pages 97-123, March.
    • Handle: RePEc:oup:cambje:v:12:y:1988:i:1:p:97-123
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    Cited by:

    1. Schefold, Bertram, 2016. "Marx, the Production Function and the Old Neoclassical Equilibrium: Workable under the Same Assumptions? With an Appendix on the Likelihood of Reswitching and of Wicksell Effects," Centro Sraffa Working Papers CSWP19, Centro di Ricerche e Documentazione "Piero Sraffa".

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