Prices and Production : Elements of a System-Theoretic Perspective

O. Introduction.- 1. Time in the Economic Equations of Prices and Production.- 1.1. Production Equations.- 1.2. Price Equations.- 2. The System of Economic Quantity and Price Equations.- 2.1. Quantity Equations.- 2.1.1. Production without Durable Equipment.- 2.1.1.1. Production Equations.- 2.1.1.2. Observation Equations.- 2.1.1.3. Balanced Growth I: Accumulation of Intermediate Products.- 2.1.2. Production with Durable Capital Goods.- 2.1.2.1. Production Equations.- 2.1.2.2. Balanced Growth II: Accumulation of Durable Capital Goods.- 2.1.2.3. Observation Equations.- 2.1.3. Joint Production.- 2.1.3.1. Production Equations.- 2.1.3.2. Observation Equations.- 2.1.3.3. Balanced Growth III: Expansion of Process Intensities in von Neumann's Generalized Model.- 2.1.4. Summary Remarks on Quantity Equations.- 2.2. Price Equations.- 2.2.1. Price Formation without Durable Capital Goods.- 2.2.1.1. Price Equations.- 2.2.1.2. Observation Equations.- 2.2.1.3. Uniform Rate of Profit I: Accumulation of Circulating Capital.- 2.2.2. Price Formation with Durable Capital Goods.- 2.2.2.1. Price Equations.- 2.2.2.2. Observation Equations.- 2.2.2.3. Uniform Rate of Profit II: Accumulation of Fixed Capital.- 2.2.3. Price Formation with Joint Production.- 2.2.3.1. Price Equations.- 2.2.3.2. Observation Equations.- 2.2.3.3. Uniform Rate of Profit III: Accumulation of Capital in von Neumann's Generalized Model.- 2.2.4. Summary Remarks on Price Equations.- 2.3. Some Amplifications of the System.- 2.3.1. From Discrete Time to Continuous Time.- 2.3.2. A Linear Stock-Flow System.- 2.3.3. The Problem of Control I: Leaving the Steady State.- 3. Prices and Production in Economic Theory.- 3.0. Introduction.- 3.1. Simultaneous-Equations Systems.- 3.1.1. The Leontief System.- 3.1.2. The System of Walras.- 3.1.2.1. Production and Prices without Durable Capital Goods.- 3.1.2.1.1. Production Equations.- 3.1.2.1.2. Price Equations.- 3.1.2.1.3. Walras' Law.- 3.1.2.2. Production and Prices with Durable Capital Goods.- 3.1.2.2.1. Production Equations.- 3.1.2.2.2. Price Equations.- 3.1.3. The Cobb-Douglas Production Function.- 3.1.4. Summary Remarks on Simultaneous Models.- 3.2. Difference Equation Systems.- 3.2.1. The von Neumann Model.- 3.2.2. The System of Sraffa.- 3.2.2.1. Price Equations.- 3.2.2.2. Durable Capital Goods.- 3.2.3. The Reproduction Scheme of Marx.- 3.2.3.1. Marx's Original Equations.- 3.2.3.2. Input-Output Interpretation.- 3.2.3.3. Technical Progress and the Rate of Profit.- 3.2.4. Summary Remarks on Difference-Equation Models.- 3.3. Conclusion (The Problem of Control II): The Generalized Transformation Problem of Value Theory.- 3.3.1. Introduction.- 3.3.2. The Transformation Problem in General.- 3.3.3. The Marxian Transformation Problem.- 3.3.4. The Walrasian Transformation Problem.