Economic Durability and Hardening Effects of Fixed Capital
One of the features of fixed capital is that it is operated beyond a cycle of reproduction of the economy. The first problem that should be raised with respect to fixed capital is how long, or how many periods, it can be operated.
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Linear Theory of Fixed Capital and China’s Economy Marx, Sraffa and Okishio
Linear Theory of Fixed Capital and China’s Economy
Bangxi Li
Linear Theory of Fixed Capital and China’s Economy Marx, Sraffa and Okishio
123
Bangxi Li School of Social Sciences Tsinghua University Beijing China
ISBN 978-981-10-4064-1 DOI 10.1007/978-981-10-4065-8
ISBN 978-981-10-4065-8
(eBook)
Library of Congress Control Number: 2017932783 © Springer Nature Singapore Pte Ltd. 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface
This book is a collection of papers that comprises the doctorate dissertation of the author defended at Waseda University, June 2012. In addition, some papers published after the defence are included. Those are listed in the Bibliography part at the end of this book. The author tried to do his best in arranging the contents of the papers in a readable way. As a result, the book consists of 10 chapters. Most of chapters were published as independent articles, so that they contained a lot of duplicated descriptions. The author tried to minimise duplications throughout the book, but some still remain for the convenience of readers. A brief and overall introduction of the volume will be given in what follows. The following chapters are all related to fixed capital theory and China’s economy. The first part of the book deals with the theory of fixed capital along the line of Marx, Sraffa, Okishio and Morishima. The second half is dedicated to estimation of fixed capital coefficients of China’s economy and some computation results on China based on the estimated coefficients. Details will be given in Chap. 1, Intro
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