Prices, Profits and Rhythms of Accumulation [Hardcover]

Offers re-evaluation of the relationship between processes of accumulation and aspects of distribution, in the light of advances made by von Neumann and Sraffa.This book is concerned with the relationship between processes of accumulation and aspects of distribution. The analyses of Ricardo and Marx are reevaluated and redeveloped in the light of advances made by von Neumann, Sraffa and more contemporary theoreticians. Joint production systems are integrated into the analysis which allows the authors to define the effect of the theorem of non-substitution, and to reconsider the problem of obsolescence and the choice of technique.This book is concerned with the relationship between processes of accumulation and aspects of distribution. The analyses of Ricardo and Marx are reevaluated and redeveloped in the light of advances made by von Neumann, Sraffa and more contemporary theoreticians. Joint production systems are integrated into the analysis which allows the authors to define the effect of the theorem of non-substitution, and to reconsider the problem of obsolescence and the choice of technique.This book is concerned with the relationship between processes of accumulation and aspects of distribution. The analyses of Ricardo and Marx are reevaluated and redeveloped in the light of advances made by von Neumann, Sraffa and more contemporary theoreticians. Joint production systems are integrated into the analysis, which allows the authors to define the effect of the theorem of non-substitution, and to reconsider the problem of obsolescence and the choice of technique.Introduction; 1. The Golden Rule of accumulation and prices; 2. Systems of production prices; 3. Irregular and decomposable systems; 4. The analysis of joint production; 5. Standards and blocking goods; 6. Labour-values and the problem of transformation; 7. Switch in methods of production; 8. The dynamic evolution; Notes; References.