Linear Theory of Fixed Capital and Chinas Economy

Mehr zum Buch

Focusing on the intersection of linear economic theory and China's economy from 1987 to 2000, this book delves into Marx-Sraffa models with an emphasis on fixed capital. It explores the Sraffa-Okishio-Nakatani reduction method, renewal dynamics of fixed capital, and the Marx-Engles-Ruchti-Lohmann effect. The author computes equilibria in a joint-production system and extends the Cambridge equation, while also simulating investment scenarios to estimate fixed capital coefficients, ultimately detailing the wage-profit curves in China's open economy.