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Fixed capital in the Ricardian theory of value and distribution.
- Source :
- Review of Political Economy; Nov90, Vol. 2 Issue 3, p292, 18p
- Publication Year :
- 1990
-
Abstract
- This paper examines the determination of exchange values, income distribution, output and population in a Ricardian stationary state with fixed capital under less restrictive assumptions than previous studies. A fully determined and internally consistent model is derived with differing capital/labour ratios between sectors, with emphasis on showing that the assumptions made are drawn from Ricardo's writings. The model is extended to include gold and foreign trade. [ABSTRACT FROM AUTHOR]
- Subjects :
- INCOME inequality
POPULATION
CAPITAL
Subjects
Details
- Language :
- English
- ISSN :
- 09538259
- Volume :
- 2
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Review of Political Economy
- Publication Type :
- Academic Journal
- Accession number :
- 6556459
- Full Text :
- https://doi.org/10.1080/09538259000000031