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Social Sciences x General Equilibrium and Disequilibrium x Economic Methodology x clear all

Labour productivity and the law of decreasing labour content

Peter Flaschel, Reiner Franke and Roberto Veneziani.

in Cambridge Journal of Economics

March 2013; p ublished online October 2012 .

Journal Article. Subjects: Technological Change; Research and Development; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Economic Methodology; General Equilibrium and Disequilibrium. 10740 words.

This paper analyses labour productivity and the law of decreasing labour content (LDLC) originally formulated by Farjoun and Machover. While accepting the validity of that law, it shows...

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Labour values, prices of production and the missing equalisation tendency of profit rates: evidence from the German economy

Nils Fröhlich.

in Cambridge Journal of Economics

September 2013; p ublished online March 2013 .

Journal Article. Subjects: Economic Methodology; General Equilibrium and Disequilibrium; Market Structure and Pricing. 6546 words.

During recent years, several empirical studies have found that deviations from labour values to market prices are quite small. However, most of these articles do not offer a detailed reason...

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LESS IS MORE: CAPITAL THEORY AND ALMOST IRREGULAR-UNCONTROLLABLE ACTUAL ECONOMIES

THEODORE MARIOLIS and LEFTERIS TSOULFIDIS.

in Contributions to Political Economy

June 2018; p ublished online May 2018 .

Journal Article. Subjects: History of Economic Thought (1925 onwards); Economic Methodology; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Market Structure and Pricing; General Equilibrium and Disequilibrium. 7583 words.

Abstract

Capital theory and the price effects consequent upon changes in the distributive variables hold center stage when it comes to the internal consistency...

Mathematical Needs and Economic Interpretations

Miguel A. Duran.

in Contributions to Political Economy

June 2007; p ublished online May 2007 .

Journal Article. Subjects: History of Economic Thought (1925 onwards); Economic Methodology; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; General Equilibrium and Disequilibrium. 7343 words.

This paper discusses why the disconnection between formal structures and theoretical content in economic model building can lead to undesirable consequences. By contrast, linking formal and...