Exhaustible Natural Resources and the Classical Method of Long-Period Equilibrium

Sergio Parrinello

Chapter 6 in Distribution, Effective Demand and International Economic Relations, 1983, pp 186-199 from Palgrave Macmillan

Abstract: Abstract In the history of economic thought we find that interest in the problem of the scarcity of natural resources has ebbed and flowed: phases in which the position of those economists who tend to theorize about economic development as if it were a process essentially regulated by the accumulation of capital, technical progress and the availability of a labour force, have been followed by others in which the existence of scarce natural resources was considered by economists more representative of this phase as a limiting factor, whose final consequences for growth would be a stationary state or “crisis” of the. system.

Keywords: Natural Resource; Relative Prex; Extractive Industry; Profit Rate; Normal Profit (search for similar items in EconPapers)
Date: 1983
References: Add references at CitEc
Citations: View citations in EconPapers (5)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17177-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349171774

DOI: 10.1007/978-1-349-17177-4_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).