Linear Theory of Fixed Capital and Chinas Economy

Name: Linear Theory of Fixed Capital and Chinas Economy
Brand: Springer Nature
SKU: 9789811040641
Availability: InStock

Linear Theory of Fixed Capital and Chinas Economy

Brand

Springer Nature

Manufacturer

N/A

Part Number

GTIN

9789811040641

Condition

New

0 Reviews

0 Questions | 0 Answers

Product Description

This book discusses both linear economic theory and its application to China's recent economy from, 1987-2000, with an emphasis on fixed capital. It starts with the development of Marx-Sraffa linear economic models with fixed capital. The author then addresses various topics, including formal explanations of Sraffa-Okishio-Nakatanis (SON) reduction of the whole economy to its subsystem of brand-new commodities, the renewal dynamics of fixed capital and the Marx-Engles-Ruchti-Lohmann effect as well as its extension to the accelerated depreciation case; and simulations of the economic durability of fixed capital. Further, in a general joint-production system, equilibria are computed as the spectra of the matrix pencil defining the equilibrium of the systems and the so-called Cambridge equation are extended to the case of SON's economy. By simulating the case of all final products being invested for capital goods, it estimates the fixed capital coefficients from investmentdata on China's economy 1995-2000. Based on this, the book describes the wage-profit curves of the open China economy. By applying the estimated fixed capital coefficients, the book presents the computation of the labour values of major commodities in China, and the turnpike of the stage 1995-2000, with fixed capital. It compares the value system with the production price system, and thus points out some structural issues of China's economy that are worth discussing.

Available Colors

N/A

Available Sizes

N/A

1 Offer Price Range: $79.99 - $79.99

BEST PRICE

Single Product Purchase

$79.99

@ Link.springer.com BUY Now

Price Comparison

Seller	Contact Seller	List Price	On Sale	Shipping	Best Promo	Final Price	Volume Discount	Financing	Availability	Seller's Page
BEST PRICE 1 Product Purchase @ Link.springer.com Rate Seller This functionality is for registered users only. Go to Login/Register		$79.99	$79.99			$79.99		See Site	In stock	Visit Store