The Nature and Implications of the Reswitching of Techniques
Abstract
By reswitching of techniques we mean the recurrence at different rates of interest
of a whole matrix of activities or a "technique of production." The "Ruth Cohen Curiosum"
may be considered a special case where only a single activity recurs.' We have analyzed
the conditions under which reswitching can occur, which are perfectly general, the
conditions under which it cannot occur, which are quite restrictive, and some of the
important im- plications for capital theory..
Type
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Edwin Burmeister
Research Professor Emeritus of Economics

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