Normal Prices, Technical Change and Accumulation

This book presents the most significant theoretical articles by Bertram Schefold to illuminate the development and the present state of modern classical theory. It assembles twenty heavily discussed papers on joint production and fixed capital, choice of technique and technical progress, composition of output and the relation between classical, neoclassical and keynesian economics. There is a broad new introduction. The chapter on the critique of intertemporal general equilibrium is novel and represents an original theoretical advance.

Author: B. Schefold
Publisher: Palgrave MacMillan
Published: 02/14/1997
Pages: 577
Binding Type: Hardcover
Weight: 1.98lbs
Size: 8.50h x 5.50w x 1.44d
ISBN: 9780333621295

About the Author
BERTRAM SCHEFOLD is Professor of Economics at the Johan Wolfgang Goethe University in Frankfurt am Main. He has held numerous visiting appointments. His publications include books and articles in German, English, French and Italian, primarily on economic theory, economics of energy and of the environment, and on the history of economic thought.

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