TEST DU CRITÈRE CLASSICO-MARXISTE DU CHOIX DE LA TECHNIQUE
Pas de Résumé
TESTING FOR THE MARXIAN-CLASSICAL CRITERION OF TECHNICAL CHOICE
The purpose of Cheol-Soo Park's article, published in the present issue of this Journal, is to empirically verify what he calls the "Okishio's Criterion of Technical Choice", that is: at going prices and real wage, the new technology is more profitable than the one prevailing at the previous period. Park's conclusion is that the test is negative: "It casts doubt about the validity of Okishio's criterion of technical choice". In our opinion, this conclusion is not convincing. It actually results from the limitations of the data set used. In this note, we contend that more adequate data for the U.S. economy, over the period 1948-2002, actually vindicates the Marxian- Classical criterion. We believe this result is important for economists working in a Marxist perspective.
G. Duménil, D. Lévy, "Testing for the Marxian-Classical Criterion of Technical Choice", 2005, in Zarembka P., The Capitalist State and its Economy. Democracy in Socialism, Elsevier : Amsterdam.
Fichier DOC /DOC File ( 81 Ko)