tag:blogger.com,1999:blog-26706564.post4768817406920010659..comments2024-03-25T07:51:47.758-04:00Comments on Thoughts On Economics: Structural Economic Dynamics, Real Wicksell Effects, and the Reverse Substitution of LaborRobert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-26706564.post-90030936529379174152018-10-31T10:04:17.378-04:002018-10-31T10:04:17.378-04:00I don't know if you have spotted this article:...I don't know if you have spotted this article: https://onlinelibrary.wiley.com/doi/10.1111/meca.12221, on differential profit rates. We can see now a trend on Sraffian economics and the "unique" vs "multiple" rates of profit being another example Zambelli in this same issue. I would make a joke saying that for me it seems that the rate of profit is a Dialectical Unit being at the same time one and many. If we take for example multiple rate of profits as exogenous we can solve then for the prices of the commodities. Once we make this we can compute the value of the surplus going to the Capitalist and the value of Total Product. If we divide the former by the later we can get a unique rate of profits. What I wonder is if we then take this unique r and solve for the prices. Do we get the same prices as before? I suppose that generally not. What are this prices? Normal ones? Maybe some kind of the turnpike theorem topic that has being suggested by Schefold.1997 and more recently Yoshihara&Kwak.2018<br /><br />Just some thoughtsSturainoreply@blogger.comtag:blogger.com,1999:blog-26706564.post-40842270247597420302018-10-30T06:52:44.722-04:002018-10-30T06:52:44.722-04:00Thanks for the comment.
I see how I could combine...Thanks for the comment.<br /><br />I see how I could combine the technical process modeled in the paper with variations in markups. I'd have to think about how to model taxes. This has been done, I think, but I do not recall the details. Extending this sort of analysis to variation in tax rates sound like an interesting idea.Robert Vienneauhttps://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-70024392894341133672018-10-29T10:18:35.356-04:002018-10-29T10:18:35.356-04:00I wonder how would different rate of profits for e...I wonder how would different rate of profits for each industry would affect the region for the Reverse Substitution of Labor. Or a tax on industries that could affect the patterns so we can get a diagram that assures worker's claims on higher salaries being better for employment. Sturainoreply@blogger.com