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It is my custom to work through, with graphs, example of the reswitching of techniques and other capital-theoretic 'paradoxes' in various models. Sometimes I have created numeric examples, and perturbed them too.
Reswitching examples exist in the literature on spatial, regional, and urban economics. Nowhere have I worked through them.
I think of regional ec...
Last century and into this one, 'neoclassical' economists noted the lack of theoretical foundation for certain widely used models in economics. They noted that the interest rate is generally not equal to the marginal product of capital. This post quotes three prominent 'neoclassical' economics, over decades, noting the lack of theoretical foundation f...
The largest producer of organic rice in Latin America, over the last decade, is the Movimento dos Trabalhadores Rurais Sem Terra (MST), or the Landless Rural Workers Movement, in Brazil. They ha...