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Perversity without complementarity ∗
Authors:Ian Steedman
Institution:University of Manchester
Abstract:It has been shown by Tatsuo Hatta that, in a Wicksellian or dated labour model of production, Hicksian input complementarity is a necessary condition for ‘capital perversity’. It is shown here that Hicksian input complementarity at the more fundamental level of real industries is nota necessary condition for ‘perversity’.
Keywords:
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