The Simple Analytics of Falling Profit Rates, Okishio's Theorem and Fixed Capital
Jose Alberro () and
Joseph Persky ()
Review of Radical Political Economics, 1979, vol. 11, issue 3, 37-41
Abstract:
This paper uses a simple Ricardian model to analyze the compara tive static properties of the profit rate, when Okishio-profitable technological innovations are introduced. We use a constructive-geometrical proof of Okishio's Theorem and extend it to a world including fixed capital equipment of equal efficiencies over its lifetime.
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:11:y:1979:i:3:p:37-41
DOI: 10.1177/048661347901100305
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