Re: [OPE-L] J Winternitz's "The Marxist Theory of Crisis" online

From: Gerald_A_Levy@MSN.COM
Date: Sat Dec 25 2004 - 12:43:48 EST 

Michael P,

While doing a (unsuccessful, for reasons you suggested previously) search
for data on replacement investment over the course of the cycle, I did
find a few related papers which you and others might be interested in
if you are not already aware of them:

A couple of  recent (August, 2004 and 2003 respectively) papers,
written from a mainstream perspective, on this subject:
--  "Irreversible Investment with Embodied Technological Progress"
www.gate.cnrs.fr/t2m2005/Textes%20des%20communications%5CC39.pdf
-- "Optimal Scrapping and Technology Adoption Under Uncertainty"
http://www.realoptions.org/papers2004/RocheTA.pdf


A  2002 paper written from a Post-Keynesian perspective, which deals with
related issues:
-- "Investment and Innovation in Capitalist Economies 1870-2000:
Kaleckian Dynamics and Evolutionary Life Cycles" by Jerry Courvisanos and
Bart Verspagen:
www.utas.edu.au/economics/Library/discussion_papers/papers_02/2002-06.pdf


*** btw, happy holidays to all! ***

In solidarity, Jerry

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