The Choice of Numeraire, Capital Intensity Uniqueness and the Reswitching of Techniques

Two types of numeraires have traditionally been used in the capital theory controversy. The price of consumption goods, the Hicks numeraire (1965), is the most widely used; another less well-known numeraire uses the value of net output as measurement unit, the Sraffa numeraire (1960). Since the choi...

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Veröffentlicht in:	Journal of macroeconomics 1982-01, Vol.4 (1), p.89
1. Verfasser:	Yi, Gregory J L
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital intensity Macroeconomics Mathematical analysis Monetary theory Profits
Online-Zugang:	Volltext
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