Title: “Cambridge Capital Argument”:Retrospect and Prospect
Abstract:“Cambridge capital argument”illustrates some logic paradoxes of Neo-classic economics with the concepts of“Capital Measurement”,“Reswitching of Technique”and“Reverse Capital”,caused by the wrongly com...“Cambridge capital argument”illustrates some logic paradoxes of Neo-classic economics with the concepts of“Capital Measurement”,“Reswitching of Technique”and“Reverse Capital”,caused by the wrongly commingling of Keynes' economics and the value and distribution theory of neo-classical economics,neglecting the special competitive re- lation of the capitalism.In contrast,Marx's economics deeply studied economic relations among the total variables on the base of social relations.The only solution to this argument is to introduce the classical general equilibrium of social rela- tion.Read More
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot