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000780424 019__ $$a984856195
000780424 020__ $$a9789811040658$$q(electronic book)
000780424 020__ $$a9811040656$$q(electronic book)
000780424 020__ $$z9789811040641
000780424 0247_ $$a10.1007/978-981-10-4065-8$$2doi
000780424 035__ $$aSP(OCoLC)ocn979416927
000780424 035__ $$aSP(OCoLC)979416927$$z(OCoLC)984856195
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000780424 049__ $$aISEA
000780424 050_4 $$aHB135
000780424 08204 $$a330.01/51$$223
000780424 1001_ $$aLi, Bangxi,$$eauthor.
000780424 24510 $$aLinear theory of fixed capital and China's economy :$$bMarx, Sraffa and Okishio /$$cBangxi Li.
000780424 264_1 $$aSingapore :$$bSpringer,$$c[2017]
000780424 300__ $$a1 online resource.
000780424 336__ $$atext$$btxt$$2rdacontent
000780424 337__ $$acomputer$$bc$$2rdamedia
000780424 338__ $$aonline resource$$bcr$$2rdacarrier
000780424 347__ $$atext file$$bPDF$$2rda
000780424 504__ $$aIncludes bibliographical references and index.
000780424 5050_ $$aPreface -- 1. Introduction -- 2. Sraffa-Okishio-Nakatani Model -- 3. Renewal Dynamics of Fixed Capital -- 4. Economic Durability of Fixed Capital -- 5. Marx-Sraffa Equilibrium as an Eigen System -- An Approach of Moore-Penrose Inverse -- 6. Cambridge Equation with Fixed Capital -- 7. Marginal Capital Coefficients and Wage-Profit Curves of China's Economy 1995-2000 -- Sraffa-Fujimori's Method -- 8. Marx's Labour Theory of Value and Its Implications to Structural Problems of China's Economy -- 9. Turnpike Paths in a Marx-Sraffa-von Neumann Model with Fixed Capital -- A Case Study of China's Economy 1995-2000 -- 10. Concluding Remarks -- Bibliography -- Index.
000780424 506__ $$aAccess limited to authorized users.
000780424 520__ $$aThis book discusses both linear economic theory and its application to China's recent economy from, 1987-2000, with an emphasis on fixed capital. It starts with the development of Marx-Sraffa linear economic models with fixed capital. The author then addresses various topics, including formal explanations of Sraffa-Okishio-Nakatani’s (SON) reduction of the whole economy to its subsystem of brand-new commodities, the renewal dynamics of fixed capital and the Marx-Engles-Ruchti-Lohmann effect as well as its extension to the accelerated depreciation case; and simulations of the economic durability of fixed capital. Further, in a general joint-production system, equilibria are computed as the spectra of the matrix pencil defining the equilibrium of the systems and the so-called Cambridge equation are extended to the case of SON's economy. By simulating the case of all final products being invested for capital goods, it estimates the fixed capital coefficients from investment data on China's economy 1995-2000. Based on this, the book describes the wage-profit curves of the open China economy. By applying the estimated fixed capital coefficients, the book presents the computation of the labour values of major commodities in China, and the turnpike of the stage 1995-2000, with fixed capital. It compares the value system with the production price system, and thus points out some structural issues of China's economy that are worth discussing.
000780424 588__ $$aVendor-supplied metadata.
000780424 650_0 $$aEconomics, Mathematical.
000780424 650_0 $$aCapital$$xMathematical models.
000780424 650_0 $$aMarxian economics$$zChina.
000780424 651_0 $$aChina$$xEconomic conditions$$y20th century.
000780424 77608 $$iPrint version:$$z9789811040641
000780424 852__ $$bebk
000780424 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-981-10-4065-8$$zOnline Access$$91397441.1
000780424 909CO $$ooai:library.usi.edu:780424$$pGLOBAL_SET
000780424 980__ $$aEBOOK
000780424 980__ $$aBIB
000780424 982__ $$aEbook
000780424 983__ $$aOnline
000780424 994__ $$a92$$bISE