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Cambridge University Press 0521472830 - Prices, Reproduction, Scarcity - Christian Bidard Frontmatter More information Prices, Reproduction, Scarcity In this exhaustive and definitive study, Christian Bidard develops a the- ory of prices of production. This theory, of classical inspiration, breaks down the symmetry between producers and consumers and gives more importance to reproduction than scarcity. In his analysis of multiple- product systems, Bidard focuses on the notion of an all-engaging sys- tem which elucidates the link with von Neumann’s theory; examines the notions of sector and vertical integration which make possible an elegant treatment of fixed capital; clarifies the status of the internal rate of return (IRR); and proposes a general theory of rent. In the discus- sion of capital theory and marginal equalities – or, more specifically, the treatment of exhaustible resources – Bidard compares and contrasts different readings of Sraffa’s work and revisits the question of the rela- tionships between classical theory (Smith, Ricardo and Marx) and the general equilibrium theory (Walras, Arro wand Debreu).   is Professor of Economics at the University of Paris X-Nanterre. He is the editor or author of several books on Sraffa’s theory – Prix, reproduction, raret´e (1991), La rente (1987), La production jointe (1984) and its relationship with Keynesian theory. He is the author of over sixty papers in economic journals and books largely devoted to the theory of long-term competitive