Structural Change, Heterogeneity of Capital over Time and the Non-uniqueness of "The" Uniform Rate of Profit

Frank C Englmann

The Manchester School of Economic & Social Studies, 1987, vol. 55, issue 2, 184-96

Abstract: One aspect of structural change is the introduction of new goods. Another is the change of the structure of consumer demand and therefore of investment: th e capital stock is heter-ogeneous over time. It is this heterogeneity of capital over time which creates problems in a post-Keynesian fram ework, where the uniform rate of profit is linked to the rate of accu mula-tion. In general there exists a multiplicity of uniform rates of profit. This renders the very notion of natural prices questionable in a capitalist economy characterized by structural change. Copyright 1987 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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:bla:manch2:v:55:y:1987:i:2:p:184-96

Access Statistics for this article

More articles in The Manchester School of Economic & Social Studies from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().