Titlebook: Capital Theory, the Surplus Approach, and Effective Demand; An Alternative Frame Pierangelo Garegnani,Roberto Ciccone Book 2024 The Editor(

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Heterogeneous Capital, the Production Function and the Theory of Distributiontury ultimately rely, has been the object of considerable discussion in recent years. As is well known, these theories had their origin in a reformulation in terms of homogeneous land and “intensive” margins, of the Malthusian theory of rent.

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Switching of Techniques to a change in the rate of profits, to become profitable again when the profit rate changes further in the same direction. We first point out where Levhari’s argument fails and then show, by means of a numerical example, that such a ‘return’, or ‘switch-back’, of a production system is possible und

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On a Change in the Notion of Equilibrium in Recent Work on Value and Distribution: A Comment on Samu of analysis centered on ‘long-run positions, characterized by auniform rate of profit, to short-run equilibria, which do not imply a uniform rate of return on the supply price of capital goods. It is argued that the explanation for this move towards short-period equilibria, their sequence over time

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Value and Distribution in the Classical Economists and Marxeory of value which led Ricardo and Marx to rely on the quantities of labour ‘embodied’ in the commodities, in Marx integated by the introduction of the prices of production. The error Marx makes with regard to the latter is then traceable to the superimposition of two equivalent but distinct method

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Misunderstanding Classical Economics? A Reply to Blaugnterpretation pointing to the basic role of institutional and historical factors in the classical theory of distribution and capital accumulation is criticized as “amazingly narrow” (215), one that looks at those economists “‘through the lenses of the linear production model’” (234).

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