Less Is More
Capital Theory and Almost Irregular-Uncontrollable Actual Economies
Bibliographic Data
| ID | 11697292 |
|---|---|
| Authors | Theodore Mariolis (0000-0001-9114-7478, Panteion University, corresponding author), Lefteris Tsoulfidis (0000-0003-2691-0128, University of Macedonia) |
| Year | 2018 |
| Volume | 37 |
| Issue | 1 |
| Pages | 65-88 |
| Publication date | 2018-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Contributions to Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0277-5921 • E-ISSN: 1464-3588 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/cpe/bzy010 |
| OpenAlex | W2784642150 |
| Language | EN |
| Citations received | 3 |
| References cited | 34 |
Capital theory and the price effects consequent upon changes in the distributive variables hold center stage when it comes to the internal consistency of both classical and neoclassical theories of value. This paper briefly reviews the literature and then focuses on the detected skew eigenvalue distribution of the vertically integrated technical coefficients matrices of actual economies. The findings prompt the use of the Schur triangularization theorem for the construction even of a single industry from the input–output structure of the entire economy. Such a hyper-basic industry, in combination with hyper-non-basic industries, embodies properties that may capture the behavior of the entire economic system. Thus, we can derive some meaningful results consistent with the available empirical evidence, which finally suggest that actual economies tend to respond as ‘irregular-uncontrollable’ systems
Capital (architecture · Consistency (knowledge bases · Distribution (mathematics · Distributive property · Econometrics · Economics · Economy · Mathematical economics · Microeconomics · Moment (physics · Value (mathematics · Economic theories and models · Economic Theory and Policy · Mathematics · Political Economy and Marxism
Capitalism
An Illustrated User Guide to the World Input–Output Database
On the mechanics of economic development
Shape of a Wage‐profit Curve, Some Methodology and Empirical Evidence
Norm Bounds and A Homographic Approximation for the Wage–Profit Curve
Only a Few Techniques Matter! On the Number of Curves on the Wage Frontier
Price–value deviations
The Production Function and the Theory of Capital
Lectures on the Theory of Production
Bienenfeld's Approximation of Production Prices and Eigenvalue Distribution
Decomposing the Changes in Production Prices into "Capital-Intensity" and "Price" Effects
Cost Functions and Produced Means of Production
Prices of Factors and Good in General Equilibrium
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,6 |
| Citation span | 2021 - 2022 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |