Reinterpretación de la "depreciación por evaporación", "depreciación exponencial" o "desintegración radiactiva" de los bienes de capital fijo dentro de la teoría clásica de los precios

  1. Matilla García, Mariano
  2. Ibáñez, Félix
Journal:
REC Revista de economía crítica

ISSN: 1696-0866 2013-5254

Year of publication: 2003

Issue: 2

Pages: 145-168

Type: Article

More publications in: REC Revista de economía crítica

Abstract

In this paper it is proven that the treatment of Fixed Capi-tal in terms of joint production, according to the procedure utilized by vonNeumann and Sraffa by considering fixed capital goods in successivephases of wear and tear as independent and qualitatively differentiatedcommodities, turns out to be inconsistent on theoretical grounds. Moreo-ver, it is proven that the treatment of Fixed Capital in terms of simple pro-duction ("depreciation by evaporation", "exponential depreciation","radioactive decay") is completely general, by contrast to the dominantopinion.

Bibliographic References

  • BALDONE, S. (1974): "Fixed Capital in Sraffa's Theoretical Scheme", en Pasinetti, L.L. (ed.) (1980), cap. 6, 88-137. https://doi.org/10.1007/978-1-349-05201-1_6
  • BRUNO, M.; BURMEISTER, E.; SHESHINSKI, E. (1966): "The Nature and Implications of the Reswitching of Techniques". Quarterly Journal of Economics, 80, 526-553. https://doi.org/10.2307/1882914
  • BURMEISTER, E.; DOBELL, A.R. (1970): Mathematical Theories of Economic Growth. MacMillan, Londres.
  • PASINETTI, L.L. (1973): "The Notion of Vertical Integration in Economic Analysis", en Pasinetti, L.L. (ed.) (1980), cap. 2, 16-43. https://doi.org/10.1007/978-1-349-05201-1_2
  • PASINETTI, L.L. (ed.) (1980): Essays on the Theory of Joint Production. MacMillan, Londres. https://doi.org/10.1007/978-1-349-05201-1
  • RONCAGLIA, A. (1971): "Il capitale fisso in un modello di produzione circolare". Studi Economici, 26, 232-245.
  • RONCAGLIA, A. (1978): Sraffa and the Theory of Prices. J. Wiley & Sons, New York.
  • SALVADORI, N. (1988): "Fixed Capital within the Sraffa Framework". Zeitschrift für Nationalökonomie, 48, 1-17. https://doi.org/10.1007/BF01226986
  • SAMUELSON, P.A.(1983): "Durable Capital Inputs: Conditions for Price Ratios to be Invariant to Profit-Rate Changes". Zeitschrift für Nationalökonomie, 43, 1-20. https://doi.org/10.1007/BF01283880
  • SCHEFOLD, B. (1978): "Fixed Capital as a Joint Product". Jahrbücher für Nationalökonomie und Statistik, 415-439. https://doi.org/10.1515/jbnst-1978-0503
  • SCHEFOLD, B. (1980): "Fixed Capital as a Joint Product and the Analysis of Accumulation with Different Forms of Technical Progress", en Pasinetti, L.L. (ed.) (1980), cap. 7, 138-217. https://doi.org/10.1007/978-1-349-05201-1_7
  • SRAFFA, P. (1960): Production of Commodities by means of Commodities. Cambridge University Press, Cambridge.
  • VARRI, P. (1974): "Prices, Rate of Profit and Life of Machines in Sraffa's Fixed-Capital Model", en Pasinetti, L.L. (ed.) (1980), cap. 5, 55-87. https://doi.org/10.1007/978-1-349-05201-1_5
  • VON NEUMANN, J. (1945): "A Model of General Economic Equilibrium". Review of Economic Studies, 13, 1-9. https://doi.org/10.2307/2296111