The reswitching of techniques and its epistemological implications: a deepening of criticism

Alain Herscovici ()

Brazilian Journal of Political Economy, 2021, vol. 41, issue 4, 797-814

Abstract: This paper aims (a) to explain the mechanisms from which the problem ofreswitching of techniques is formulated and (b) to analyze the implications with regard tothe general architecture of neoclassical macroeconomics. I will show how these elementsallow refuting the neoclassical theory of income distribution, and why they translate intostructural instability. In the first part, I will explain the mechanisms that correspond tothe problem of reswitching of techniques; in the second part, I will study the implicationslinked to the reswitching, with regard to the determinants of income distribution and theequilibrium stability. JEL Classification: B41; E11; E13.

Keywords: Reswitching of techniques; rent distribution; structural instability (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://centrodeeconomiapolitica.org.br/repojs/ind ... ticle/view/2265/2249 (application/pdf)

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:ekm:repojs:v:41:y:2021:i:4:p:797-814:id:2265

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().