Reinterpretación de la “depreciación por evaporación”, “depreciación exponencial” o “desintegración radioactiva” de los bienes de capital fijo dentro de la teoría clásica de los precios

Authors

  • Félix Ibáñez UNED
  • Mariano Matilla García UNED

Keywords:

fixed capital, depreciation by evaporation, Sraffa, von Neumann

Abstract

In this paper it is proven that the treatment of Fixed Capital in terms of joint production, according to the procedure utilized by von Neumann and Sraffa by considering fixed capital goods in successive phases of wear and tear as independent and qualitatively differentiated commodities, turns out to be inconsistent on theoretical grounds. Moreover, it is proven that the treatment of Fixed Capital in terms of simple production ("depreciation by evaporation", "exponential depreciation", "radioactive decay") is completely general, by contrast to the dominant opinion.

Downloads

Download data is not yet available.

References

BALDONE, S. (1974): "Fixed Capital in Sraffa's Theoretical Scheme", en Pasinetti, L.L. (ed.) (1980), cap. 6, 88-137. https://doi.org/10.1007/978-1-349-05201-1_6

BRUNO, M.; BURMEISTER, E.; SHESHINSKI, E. (1966): "The Nature and Implications of the Reswitching of Techniques". Quarterly Journal of Economics, 80, 526-553. https://doi.org/10.2307/1882914

BURMEISTER, E.; DOBELL, A.R. (1970): Mathematical Theories of Economic Growth. MacMillan, Londres.

PASINETTI, L.L. (1973): "The Notion of Vertical Integration in Economic Analysis", en Pasinetti, L.L. (ed.) (1980), cap. 2, 16-43. https://doi.org/10.1007/978-1-349-05201-1_2

PASINETTI, L.L. (ed.) (1980): Essays on the Theory of Joint Production. MacMillan, Londres. https://doi.org/10.1007/978-1-349-05201-1

RONCAGLIA, A. (1971): "Il capitale fisso in un modello di produzione circolare". Studi Economici, 26, 232-245.

RONCAGLIA, A. (1978): Sraffa and the Theory of Prices. J. Wiley & Sons, New York.

SALVADORI, N. (1988): "Fixed Capital within the Sraffa Framework". Zeitschrift für Nationalökonomie, 48, 1-17. https://doi.org/10.1007/BF01226986

SAMUELSON, P.A.(1983): "Durable Capital Inputs: Conditions for Price Ratios to be Invariant to Profit-Rate Changes". Zeitschrift für Nationalökonomie, 43, 1-20. https://doi.org/10.1007/BF01283880

SCHEFOLD, B. (1978): "Fixed Capital as a Joint Product". Jahrbücher für Nationalökonomie und Statistik, 415-439. https://doi.org/10.1515/jbnst-1978-0503

SCHEFOLD, B. (1980): "Fixed Capital as a Joint Product and the Analysis of Accumulation with Different Forms of Technical Progress", en Pasinetti, L.L. (ed.) (1980), cap. 7, 138-217. https://doi.org/10.1007/978-1-349-05201-1_7

SRAFFA, P. (1960): Production of Commodities by means of Commodities. Cambridge University Press, Cambridge.

VARRI, P. (1974): "Prices, Rate of Profit and Life of Machines in Sraffa's Fixed-Capital Model", en Pasinetti, L.L. (ed.) (1980), cap. 5, 55-87. https://doi.org/10.1007/978-1-349-05201-1_5

VON NEUMANN, J. (1945): "A Model of General Economic Equilibrium". Review of Economic Studies, 13, 1-9. https://doi.org/10.2307/2296111

Downloads

Published

2021-06-06

How to Cite

Ibáñez, Félix, and Mariano Matilla García. 2021. “Reinterpretación De La “depreciación Por evaporación”, “depreciación exponencial” O ‘desintegración radioactiva’ De Los Bienes De Capital Fijo Dentro De La teoría clásica De Los Precios”. Revista De Economía Crítica, no. 2 (June):145-68. https://www.upo.es/revistas/index.php/rec/article/view/9237.

Issue

No. 2 (2003): December 2003

Section

Articles

License

This licence allows third parties to share (copy and redistribute the material in any medium or format) and adapt (remix, transform and create from the material for any purpose, including commercial purposes), provided that authorship and first publication in this journal (The Journal, DOI of the work) is acknowledged, a link to the licence is provided, and it is stated whether changes have been made to the work.