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| Disputed term/author/ism | Author |
Entry |
Reference |
|---|---|---|---|
| Exhaustible Resources | Salvadori | Kurz I 309 Exhaustible resources/Salvadori/Kurz: Prior to [Schefold] Salvadori (1987)(1) had provided a formalization of the problem which was then further developed in Kurz and Salvadori (1995(2): ch. 12, sec. 4). >Exhaustible resources/Schefold. The model elaborated is a dynamic input-output model which allows one to trace the time paths of the State variables of the system, including the prices of commodities. The model is based on a given and constant real wage rate and a given net output vector (of consumption goods); in order to avoid the end of the world scenario it is assumed that there is an ultimate 'backstop Kurz I 310 technology', based on the use of solar (or geothermal) energy. In Kurz and Salvadori (1997)(3) an aspect of their previous argument has been corrected and in Kurz and Salvadori (2000)(4) a still more elaborate version of the analysis has been put forward. An aspect of the solution of the model is stressed concerning the structural change of the economy over time, that is, the change in the processes of production adopted to satisfy effectual demand and the intensities With which the processes are operated, the overall level and composition of employment, etc. TVsKurz/VsSalvadori: The analysis put forward by Kurz and Salvadori was criticized by Bidard and Erreygers in a paper first given in Graz in 2000 on the occasion of a conference of the European Society for the History of Economic Thought (ESHET). The scholars mentioned were then invited to bring the debate into the open in a Special issue of Metroeconomica published in August 2001 entitled 'Symposium on exhaustible natural resources and Srafflan analysis'. To the symposium contributed apart from those just mentioned Eiji Hosoda (2001)(5), Christian Lager (2001)(6), Sergio Parrinello (2001)(7) and Bertram Schefold (2001)(8); the issue was introduced and edited by Ian Steedman. 1. Salvadori, N. (1987). 'Les ressources naturelles rares dans la théorie de Sraffa', in G. Bidard (ed.), La rente, acutalité de Vapproche classique, Paris: Economica, pp. 161-76. 2. Kurz, H. D. and Salvadori, N. (1995). Theory of Production. A Long-Period Analysis, Revised paperback edition 1997, Cambridge, UK: Cambridge University Press. 3. Kurz, H. D. and Salvadori, N. (1997). 'Exhaustible Resources in a Dynamic Input- Output Model With 'Classical' Resources', Economic Systems Research, 9(3), pp. 235-51. 4. Kurz, H. D. and Salvadori, N. (2000). 'Economic Dynamics in a Simple Model With Exhaustible Resources and a Given Real Wage Rate', Structural Change and Economic Dynamics, 1 1(1—2), pp. 167-79. 5. Hosoda, E. (2001). 'Recycling and Landfilling in a Dynamic Sraman Model: Application of the Corn-Guano Model to a Waste Treatment Problem', Metroeconomica, 52(3), pp. 268-81. 6. Lager, Ch. (2001). 'A Note on Non-Stationary Prices', Metroeconomica, 52(3), pp. 297-300. 7. Parrinello, S. (2001). 'The Price Of Exhaustible Resources', Metroeconomica, 52(3), pp. 301-15. 8. Schefold, B. (2001). 'Critique of the Corn-Guano Model', Metroeconomica, 52(3), pp. 316-28. Kurz, Heinz D. and Salvadori, Neri. „The 'classical' approach to exhaustible resources. Parrinello and the others.“ In: Kurz, Heinz; Salvadori, Neri 2015. Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). London, UK: Routledge. |
Kurz I Heinz D. Kurz Neri Salvadori Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). Routledge. London 2015 |
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