ABSTRACT
In the last chapter, the general issues in the theory of technical change and capitalist growth trends were surveyed in an introductory fashion. We now want to explore these issues more thoroughly, in the context of a two-sector model of the economy (with both circulating and fixed capital variants). The Okishio theorem will be the starting point; with this established, the nature of alternative formulations can be brought into focus and the stage set for formalization of a theory of endogenously determined technical-change choice.
