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  • 1
    Electronic Resource
    Electronic Resource
    Classical Economics and the Problem of Exhaustible Resources (2001)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 52 (2001), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In this paper we discuss in terms of the simple model of exhaustible resources proposed by Bidard and Erreygers some of their propositions. The concept of ‘real rate of profit’ introduced by them is shown to be of no analytical use. It is stressed that the mathematical properties of the economic system under consideration are independent of the numeraire adopted. The classical treatment of exhaustible resources in terms of differential rent is shown to be correct under well-defined conditions. It is argued that it is complementary to, rather than incompatible with, the approach which emphasizes that in conditions of free competition the rate of profit obtained by conserving the resource equals that in production processes.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00120
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    A Linear Multisector Model of “Endogenous” Growth and the Problem of Capital (1998)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Metroeconomica 49 (1998), S. 0 
    Details
    ISSN: 1467-999X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In this paper a linear multisector model of “endogenous” growth with heterogeneous capital goods is elaborated. The purpose of this exercise is to show that this kind of model is exempt from the capital theory critique put forward against the conventional long-period neoclassical growth model á la Solow. This confirms previous claims that at least some of the “new” growth models are somewhat extraneous to neoclassical analysis and actually exhibit the logical structure of classical theory. In addition it is shown that the use of an intertemporal analysis to establish a correct long-period position is not necessary and that the use of the long-period method may speed up the elaboration of new scientific results.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-999X.00055
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    Paper (German National Licenses)
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