IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-05201-1_7.html
   My bibliography  Save this book chapter

Fixed Capital as a Joint Product and the Analysis of Accumulation with Different Forms of Technical Progress

In: Essays on the Theory of Joint Production

Author

Listed:
  • Bertram Schefold

Abstract

Since the reswitching debate, the point has become familiar that the means of production in a capitalist society represent different ‘quantities of capital’, depending on the prevailing rate of profit. But, because these discussions have been about a critique of the neoclassical theory of value and distribution and not about a comprehensive new theory of capital, they have been conducted either in terms of circulating capital without machines or in terms of the production of one consumption good by means of one machine, with input prices assumed to be given, or with no physical inputs except labour (cf. Hicks, 1970; Nuti, 1970). Although von Neumann and Sraffa revived the ‘old classical idea’ (Sraffa) of treating what is left at the end of the year’s process of production as an economically different good2 from the one which entered the process, very few’ have tried to construct models where fixed capital goods are explicitly distinguished from other kinds of joint products.

Suggested Citation

  • Bertram Schefold, 1980. "Fixed Capital as a Joint Product and the Analysis of Accumulation with Different Forms of Technical Progress," Palgrave Macmillan Books, in: Luigi L. Pasinetti (ed.), Essays on the Theory of Joint Production, chapter 0, pages 138-217, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05201-1_7
    DOI: 10.1007/978-1-349-05201-1_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vienneau, Robert L., 2021. "Fluke Switch Points in Pure Fixed Capital Systems," Centro Sraffa Working Papers CSWP48, Centro di Ricerche e Documentazione "Piero Sraffa".
    2. Biao Huang, 2015. "A Fixed Capital Model with Transferable and Jointly Utilized Machines in the Sraffa Framework," Metroeconomica, Wiley Blackwell, vol. 66(3), pages 426-450, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-05201-1_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.