Neutral technical progress and the measure of value: along the Kaldor–Kennedy line
基于希克斯、罗宾逊等学者的分析，探讨中性技术进步与价值衡量之间的理论争议，重点研究肯尼迪的解决方案及其对后凯恩斯和新古典-凯恩斯内生增长模型的意义。
Abstract In this paper, I investigate the question of ‘the effect of progress upon distribution’ based on the analyses of Hicks, Robinson, Harrod, Salter, Kaldor, Samuelson and Kennedy. The paper aims to address a neglected and controversial theoretical argument on neutral technical progress related to the measure of value that preceded and then continued to the period of the Cambridge Capital Theory Controversy. I focus on Kennedy’s writings and his solutions to the complications between the measure of value and technical progress. Important intuitions behind the measure of value are crucial to the formulation of neutral technical progress in both the post-Keynesian and the neoclassical-Keynesian endogenous growth models. The paper concludes with mathematical illustrations of neutral technical progress theories.