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Titlebook: Steady State Capital Theory; C. C. Weizsäcker Book 1971 Springer-Verlag Berlin · Heidelberg 1971 Capital.Kapital.economics.equilibrium.gen

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Book 1971erg. While the general line of the argument is similar to the one in the course, I have modified and added a large number‘ of specific points in the process of writing the English version. I should like to emphasize the narrow limitations of the material covered in these notes. I have completely con
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The Static Input-Output Model without Substitutionood j the economy needs a. units of good i (for i=1,…n) as input. Thus if industry j (which produces good j) wants to produce x. units of output it must receive a. x. units as inputs from industry 1, a. x. units as inputs from industry 2 and so on. The set of input-output ratios a. form an n times n
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A One Sector Model. We first consider a very simple model with only one producible commodity and one nonproducible good (called labour). To produce one unit of the commodity we need a units of this commodity as input (0 < a < 1) and a. units of labour input. Both inputs have to be available one period before the avai
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Dated Labour Inputs and the Theory of Value and Exploitation the vector y. = (a.,…. a.) has to be available at time −1, In order to produce this vector a. a. + a. a. + …a.a.== a. y. units of labour have to be made available at time −2 (and have to be paid at time −1). In addition the vector of inputs y. = Ay. has to be available at time −2. This again requir
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Dated Labour Inputs and the Period of Productiones. In the first (or highest) stage only nonproducible inputs produce “goods of the highest order”. In the next stage nonproducible inputs together with goods of the highest order produce goods of the second highest order and so on until in the last stage nonproducible inputs and goods of the second
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