Consumption-investment Frontier, Wage-profit Frontier and the Von Neumann Growth Equilibrium

  • Morishima M
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Abstract

We extend Bruno’s fundamental duality theorem into the general case of decomposable von Neumann model and find, by the use of it, all equilibrium rates of profits and growth.

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Morishima, M. (1971). Consumption-investment Frontier, Wage-profit Frontier and the Von Neumann Growth Equilibrium. In Contributions to the Von Neumann Growth Model (pp. 31–38). Springer Berlin Heidelberg. https://doi.org/10.1007/978-3-662-24667-2_4

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