Titlebook: Microeconomics for the Critical Mind; Mainstream and Heter Fabio Petri Textbook 2021 The Editor(s) (if applicable) and The Author(s), under

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Morsel

Long-Period Prices, notion of subsystem, and to the Leontief open model; the Leontief inverse connects to the notion of subsystems and clarifies the meaning of labour embodied in a commodity. Finally the theory of long-period prices is extended to include fixed capital. The online Appendix adds some clarifications on

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Firms, Partial Equilibria and the General Equilibrium with Production,rms, the equations of the non-capitalistic general equilibrium of production and exchange (without joint production) are presented, and it is shown that this equilibrium can be interpreted as an equilibrium of exchange: of indirect exchange of factor services. Demand is shown to influence relative p

antipsychotic

Existence, Uniqueness and Stability of Non-capitalistic General Equilibria, problem that renders a planner–auctioneer indispensable and that a new cause of possible instability arises, self-intensive consumption: Harry Johnson’s attempt to minimize its likelihood is reported. Mandler’s proof of stability under the Weak Axiom is reported, but an observation by Hildenbrand a

famine

Capital: Long-Period Equilibria,ing of traditional production functions with capital as one of the inputs is explained. Then the notion of Aggregate Production Function is illustrated, and its deficiencies highlighted. It is added that at the observed prices, wages may well correspond to the value marginal product of labour, but t

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archetype

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