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Prices, Reproduction, Scarcity (Hardcover)
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Prices, Reproduction, Scarcity (Hardcover)
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Originally published as a French edition in 1991, and first
translated into English for this Cambridge edition in 2004, in this
exhaustive study Christian Bidard develops a theory of prices of
production. This theory breaks down the symmetry between producers
and consumers and gives more importance to reproduction rather than
scarcity. In his analysis of multiple-product systems, Bidard
focuses on the notion of an all-engaging system which elucidates
the link with von Neumann's theory; examines the notions of sector
and vertical integration which make possible an elegant treatment
of fixed capital; clarifies the status of the internal rate of
return; proposes a general theory of rent. In the discussion of
capital theory and marginal equalities or, more specifically, the
treatment of exhaustible resources, Bidard compares different
readings of Sraffa's work and revisits the question of
relationships between classical theory (Smith, Ricardo, Marx) and
the general equilibrium theory (Walras, Arrow, Debreu).
General
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