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Von Neumann's growth model and the ’classical‘ tradition / Heinz D. Kurz and Neri Salvadori
(European journal of the history of economic thought ; volume 1, issue 1)
出版者 | London : Routledge |
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出版年 | September 1993 |
大きさ | 1 online resource (pages 129-160) |
著者標目 | *Kurz, Heinz D. author Salvadori, Neri author |
件 名 | LCSH:Economics -- History
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一般注記 | Includes bibliographical references The paper shows that the conventional neoclassical interpretation of von Neumann's growth model cannot be sustained. Other than in models in the tradition of Walras and Cassel, in his model there is no given 'capital' endowment that constrains productive capacity and provides the basis, in terms of its relative 'scarcity', for a determination of the interest rate. Von Neumann's model is rather fully compatible with, and has been anticipated in all relevant aspects by, authors whose contributions can be strictly located within, the classical tradition. This concerns in particular the asymmetric treatment of the distributive variables. Finally it is argued that von Neumann's model may be interpreted as containing inter alia, an answer to the ideas put forward by his fellow-mathematician Robert Remark. Both circumstantial evidence and a careful textual comparison of Remak's paper on 'superposed price systems' and von Neumann's analysis support this interpretation HTTP:URL=https://www.routledgehistoricalresources.com/economic-thought/journal-articles/von-neumanns-growth-model-and-the-classical-tradition |
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電子ブック | オンライン | 電子ブック |
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ラウトレッジ経済思想史データベース |
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EB00104873 |
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データ種別 | 電子ブック |
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書誌ID | 4000113714 |
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