Linear Theory of Fixed Capital and China's Economy (eBook, PDF)
Bangxi Li
eBook, PDF

Linear Theory of Fixed Capital and China's Economy (eBook, PDF)

Marx, Sraffa and Okishio

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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 explanations of Sraffa-Okishio-Nakatani's (SON) reduction of the whole economy to its subsystem of brand-new commodities, the renewal dynamics of fixed capital and the Marx-Engles-Ruchti-Lohmann effect as well as its extension to the accelerated depreciation case; and simulations of the economic durabilit...

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