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The book offers a comprehensive and mathematically rigorous exploration of modern classical value theory through spectral analysis of the price-profit-wage system. It rigorously tests the classical theory against empirical data, demonstrating its logical consistency and relevance to key economic policies and multiplier processes. Additionally, it investigates how changes in distributive variables affect relative prices, utilizing actual input-output data from diverse sources to support its theoretical and empirical findings.
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Modern Classical Economics and Reality, Theodore Mariolis, Lefteris Tsoulfidis
- Language
- Released
- 2016
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- (Hardcover)
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