Technological waves, income functions and surplus-value of equipment : a new approach

• Author(s): Amaral, João Ferreira do
• Date: 2024
• Persistent ID: http://hdl.handle.net/10400.5/95697
• Origin: Repositório da Universidade de Lisboa
• Subject(s): economic growth; digital revolution; technological progress; innovation
• Document Type: Working paper
• Language: English
• Contributor(s): Repositório Científico de Acesso Aberto da ULisboa

Description

The purpose of this paper is to study the relations between the concept of technical progress of a certain type (technological wave with technical progress embodied in innovative capital) and the concept of surplus-value of the stock of equipment. For that purpose we define an income function instead of a production function.