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Charasoff and Dmitriev: An Analytical Characterisation of Origins of Linear Economics

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  • Kenji Mori
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    Georg von Charasoff was one of the first economic theorists to recognise that the price of production is an eigenvector of the input matrix, and to determine the rate of profit using its eigenvalue. He anticipated, at this analytical level, most of the arguments that were proposed later in the course of the 'transformation problem'. This paper aims to reformulate his significant arguments in a formal manner and to reveal their logical relationship by reproducing the mathematical reasoning, so that the logical characteristic of his system can be identified in comparison with Dmitriev's and Bortkiewicz's linear economic system.

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    Paper provided by Graduate School of Economics and Management, Tohoku University in its series TERG Discussion Papers with number 249.

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    Length: 22 pages
    Date of creation: Jan 2010
    Handle: RePEc:toh:tergaa:249
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    1. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, March.
    2. Kenji Mori, 2008. "Maurice Potron'S Linear Economic Model: A De Facto Proof Of 'Fundamental Marxian Theorem'," Metroeconomica, Wiley Blackwell, vol. 59(3), pages 511-529, July.
    3. Bowles, Samuel & Gintis, Herbert, 1977. "The Marxian Theory of Value and Heterogeneous Labour: A Critique and Reformulation," Cambridge Journal of Economics, Oxford University Press, vol. 1(2), pages 173-192, June.
    4. Bowles, Samuel & Gintis, Herbert, 1978. "Professor Morishima on Heterogeneous Labour and Marxian Value Theory," Cambridge Journal of Economics, Oxford University Press, vol. 2(3), pages 311-314, September.
    5. Heinz Kurz & Neri Salvadori, 2000. "'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 153-179.
    6. Salvadori, Neri & Signorino, Rodolfo, 2011. "Competition," MPRA Paper 38387, University Library of Munich, Germany.
    7. Morishima, Michio, 1978. ""Marx in the Light of Modern Economic Theory": A Reply," Econometrica, Econometric Society, vol. 46(5), pages 1243-1243, September.
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