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Paradoxes in Capital Theory: A Symposium: Changes in the Rate of Profit and Switches of Techniques

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  • Luigi L. Pasinetti

Abstract

I. A numerical example, 504. — II. Generalizations, 508. — III. A direct logical criticism, 510. — IV. Changes in the rate of profit and changes in the “quantity of capital,†512. — V. The trap of an old mode of thinking, 514.

Suggested Citation

  • Luigi L. Pasinetti, 1966. "Paradoxes in Capital Theory: A Symposium: Changes in the Rate of Profit and Switches of Techniques," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(4), pages 503-517.
  • Handle: RePEc:oup:qjecon:v:80:y:1966:i:4:p:503-517.
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    Cited by:

    1. Stefano Di Bucchianico, 2019. "A critical analysis of the secular stagnation theory," Departmental Working Papers of Economics - University 'Roma Tre' 0245, Department of Economics - University Roma Tre.
    2. Antonella Stirati, 2016. "Real wages in the business cycle and the theory of income distribution: an unresolved conflict between theory and facts in mainstream macroeconomics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(2), pages 639-661.
    3. J. Barkley Rosser, 2020. "Austrian themes and the Cambridge capital theory controversies," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 415-431, December.
    4. Daniele Girardi & Riccardo Pariboni, 2019. "Normal utilization as the adjusting variable in Neo‐Kaleckian growth models: A critique," Metroeconomica, Wiley Blackwell, vol. 70(2), pages 341-358, May.
    5. Amartya Sen, 2003. "Sraffa, Wittgenstein, and Gramsci," Journal of Economic Literature, American Economic Association, vol. 41(4), pages 1240-1255, December.
    6. Stefano Di Bucchianico, 2021. "Negative Interest Rate Policy to Fight Secular Stagnation: Unfeasible, Ineffective, Irrelevant, or Inadequate?," Review of Political Economy, Taylor & Francis Journals, vol. 33(4), pages 687-710, October.
    7. Stirati, Antonella, 2014. "Real wages in the business cycle: an unresolved conflict between theory and facts in mainstream macroeconomics," MPRA Paper 53743, University Library of Munich, Germany.
    8. Di Bucchianico, Stefano, 2020. "Discussing Secular Stagnation: A case for freeing good ideas from theoretical constraints?," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 288-297.
    9. Daniele Girardi, 2017. "Old and new formulations of the neoclassical theory of aggregate investment : a critical review," UMASS Amherst Economics Working Papers 2017-03, University of Massachusetts Amherst, Department of Economics.

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