2006Journal of Chongqing Technology and Business UniversityRequires access

Reexamination on Cambridge Capital Argument——Study of Marxism classic general equilibrium theory

Lei Liu

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Abstract

Cambridge Capital Argument illustrates some logic paradoxes of neo-classic economics with the concepts of Capital Measurement,Re-switching of Technique and Reverse Capital,which is caused by the wrongly commingling of Keynes' economics and the value and distribution theory of neo-classical economics,neglecting the special competitive relation of the capitalism.In contrast,Marx's economics deeply studied economic relations among the total variables on the basis of social relations.Thus,the only solution to this argument is to introduce the classic general equilibrium analysis of social relation.

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Cambridge Capital Argument illustrates some logic paradoxes of neo-classic economics with the concepts of Capital Measurement,Re-switching of Technique and Reverse Capital,which is caused by the wrongly commingling of Keynes' economics and the value and distribution theory of neo-classical economics,neglecting the special competitive relation of the capitalism.In contrast,Marx's economics deeply studied economic relations among the total variables on the basis of social relations.Thus,the only solution to this argument is to introduce the classic general equilibrium analysis of social relation.

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Cambridge Capital Argument illustrates some logic paradoxes of neo-classic economics with the concepts of Capital Measurement,Re-switching of Technique and Reverse Capital,which is caused by the wrongly commingling of Keynes' economics and the value and distribution theory of neo-classical economics,neglecting the special competitive relation of the capitalism.In contrast,Marx's economics deeply studied economic relations among the total variables on the basis of social relations.Thus,the only solution to this argument is to introduce the classic general equilibrium analysis of social relation.

Key concepts: Argument (complex analysis), Neoclassical economics, Capitalism, Economics, Capital (architecture), Positive economics, Relation (database), Mathematical economics

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