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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. Christian Bidard, 2014. "The Wage Curve in Austrian Models," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    2. 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.
    3. 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.
    4. Saverio M. Fratini, 2016. "Rent as a share of product and Sraffa’s price equations," Cambridge Journal of Economics, Oxford University Press, vol. 40(2), pages 599-613.
    5. Christian Bidard, 2014. "The Ricardian rent theory two centuries after," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    6. 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.
    7. Bidard, Christian, 2014. "The Ricardian rent theory: an overview," Centro Sraffa Working Papers CSWP8, Centro di Ricerche e Documentazione "Piero Sraffa".
    8. Li, Wu, 2015. "The Determination of the Equilibrium Exchange Rates Based on a General Equilibrium Model," MPRA Paper 68528, University Library of Munich, Germany.
    9. PARYS, Wilfried, 2013. "All but one: How pioneers of linear economics overlooked Perron-Frobenius mathematics," Working Papers 2013030, University of Antwerp, Faculty of Applied Economics.
    10. 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.
    11. 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.

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