1,721,937 research outputs found
Symposium on Arrigo Opocher and Ian Steedman (2015), Full Industry Equilibrium. A Theory of the Industrial Long Run, Cambridge: Cambridge University Press.
No full textAfter an editorial that motivates the symposium on the book by Arrigo Opocher and Ian Steedman, there are comments by five scholars (in alphabetical order). These deal with capital theoretic issues (Bellino), the labour demand curve (Bidard), the zero-excess-profit position in alternative theories of value (Fratini), the role of intermediate as opposed to final products in the setting of prices (Harcourt) and the role of time in the analysis (Yoshihara). Then follows a response by Opocher and Steedman
Exchange and Production Equations: Understanding a Debate between Harrod and Sraffa
No full textHarrod’s claim, that the relative prices that solve Sraffa’s “no-surplus” equations reflect the ratios of the amounts exchanged, deserves more than the scanty tribute paid by the author of Production of Commodities by Means of Commodities. Not only, in fact, does this claim hold true in the simple sense referring to direct, bilateral exchange when there are two commodities (and, in special cases, when there are more than two), but it holds true generally, in the more elaborate sense referring to amounts directly and indirectly exchanged by pairs of industries
The future of the working classes: a comparison between J.S. Mill and A. Marshall
No full textBoth J. S. Mill and A. Marshall had a lifelong interest in the living conditions of the working classes and theorized the possibility of a new age, characterized by a widespread mental and moral cultivation. This paper compares the precise arguments put forward by them in the period ranging from Mill's to Marshall's Principles, against the background of the evidence of social and human progress at their times. It is argued that, at different stages and with different specific arguments, their predictions relied on self-reinforcing mechanisms, in which a better life was the cause, no less than the effect, of progress. In order to make similarities and differences more transparent from a logical point of view, two simple mathematical formulations are proposed.J.S. Mill, Marshall, Living standards,
Effects of aerobic exercise training in children after the Fontan operation
Get PDFAm J Cardiol. 2005 Jan 1;95(1):150-2.
Effects of aerobic exercise training in children after the Fontan operation.
Opocher F, Varnier M, Sanders SP, Tosoni A, Zaccaria M, Stellin G, Milanesi O.
Source
Department of Pediatrics, Medical and Surgical Sciences, University of Padova, School of Medicine, Padova, Italy.
Abstract
It was demonstrated that patients who have undergone the Fontan operation can safely undertake exercise training and that this results in an improvement in aerobic capacity. These findings suggest that aerobic training could be useful in the long-term management of these patients to optimize their cardiovascular fitness for more active lives.
PMID:
15619417
[PubMed - indexed for MEDLINE
'Interrelated prices' and Sraffa's critique of partial equilibrium
No full textThe early Marshallian literature recognized that, in most significant cases, long-period equilibrium analysis must consider families of interdependent markets which are in direct relation with each other. This perspective, which is different from both standard partial equilibrium and general equilibrium analysis, was developed mainly by two Italian authors, Maffeo Pantaleoni (1857-1924) and Marco Fanno (1878-1964). This paper is aimed at showing that this 'interrelated prices' literature has some points of contact with Piero Sraffa's critique of partial equilibrium analysis. It is argued that Sraffa places the case of a Marshallian decreasing returns industry in a context (rivalry for the use of a common factor in fixed supply) which was familiar to Pantaleoni-Fanno: both maintain that the markets involved are interdependent, even though they evaluate differently the possibility of a sensible equilibrium analysis.
Measuring productivity increase by long-run prices: the early analyses of G.R. Porter and R. Giffen
Get PDFThe nineteenth-century economic commentators did not possess a formal measure of the rate at which productivity was increasing during the industrial take-off. Yet they did develop an intuitive method based on the comparative change in long-period prices and wages. This paper reviews the contributions of G.R. Porter and R. Giffen and, in the light of some modern contributions, presents an assessment of their rationality and improvability under current standards. It is argued that a proper measure of industrial productivity increase based on long-run prices is the mathematical dual of a Solovian measure of the industrial total factor productivity growth.Productivity growth, total factor productivity, cost function, real wages, income distribution,
Input price--input quantity relations and the numéraire
No full textThe fact that a competitive agent faces 'given' input prices does not necessarily mean that these prices can be completely arbitrary, especially in the long run. An obvious case, but not the only one, is when there are input--output relations among industries. But as soon as long-run input price interrelatedness is taken seriously, the very conception of a downward sloping input demand curve encounters serious difficulties. Although one can always draw an input price--input quantity relation, its main qualitative property--the sign of its slope--is not generally independent of the arbitrary choice of numéraire. Copyright The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.
Comment to 'Commodity content ...'' by Fujimoto and Opocher
No full textIn this comment I will go through the logic of the Fujimoto and Opocher
(2009) contribution, with the purpose to corroborate the economic interpretation of their notion of 'commodity content' and to clarify how this notion fits in Morishima 'optimum [labour] values'
Certezza del diritto e legge. Dal magistero di Enrico Opocher e Michel Villey
No full textCertezza del diritto e legge. Dal magistero di Enrico Opocher e Michel Ville
Does economic growth ultimately leadto a 'noble life'? A comparativeanalysis of the predictions of Mill,Marshall and Keynes
No full textThe paper analyses the aims of economic progress in the conceptualizations of J.S. Mill, A. Marshall and J.M. Keynes
- …
