IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Rethinking Reproduction Schemes

  • Turan Subasat


    (Department of Economics, Izmir University of Economics)

This article aims to develop reproduction schemes in two ways: It introduces the “depreciation” (wear and tear) of fixed means of production explicitly into the schemes. A separation of fixed means of production from its depreciation provides a clearer vision for the general nature of capital accumulation in a capitalist economy. It also argues that disaggregating the means of production into fixed means of production (capital equipment) and the circulating means of production (raw materials) is essential for the accuracy of the schemes. Our analysis shows that constant capital in department 2 (C2) must be larger than constant capital in department 1 (C1) in the simple reproduction scheme, and the difference between C1 and C2 must be equal to the circulating means of production.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by Izmir University of Economics in its series Working Papers with number 1206.

in new window

Length: 12 pages
Date of creation: Sep 2012
Date of revision:
Handle: RePEc:izm:wpaper:1206
Contact details of provider: Fax: (90) 232 279 2626
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:izm:wpaper:1206. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ayla Ogus Binatli)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.