Linear Theory of Fixed Capital and China’s Economy Marx, Sraffa and Okishio /

• Main Author: Li, Bangxi (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Singapore : Springer Singapore : Imprint: Springer, 2017.
• Subjects: Political economy.; Economic theory.; Asia > Economic conditions.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Political Economy.; Asian Economics.

This book discusses both linear economic theory and its application to China's recent economy from, 1987-2000, with an emphasis on fixed capital. It starts with the development of Marx-Sraffa linear economic models with fixed capital. The author then addresses various topics, including formal e...

Table of Contents:

• Preface
• 1. Introduction
• 2. Sraffa-Okishio-Nakatani Model
• 3. Renewal Dynamics of Fixed Capital
• 4. Economic Durability of Fixed Capital
• 5. Marx-Sraffa Equilibrium as an Eigen System---An Approach of Moore-Penrose Inverse
• 6. Cambridge Equation with Fixed Capital
• 7. Marginal Capital Coefficients and Wage-Profit Curves of China's Economy 1995-2000--- Sraffa-Fujimori's Method
• 8. Marx's Labour Theory of Value and Its Implications to Structural Problems of China's Economy
• 9. Turnpike Paths in a Marx-Sraffa-von Neumann Model with Fixed Capital---A Case Study of China's Economy 1995-2000
• 10. Concluding Remarks
• Bibliography
• Index.