Andre Burgstaller’s Property and Prices (1994) is a remarkable contribution to a growing literature exploring the structural relations between Classical and neoclassical theories of growth and distribution (see, for example, Hahn, 1982, Dumenil and Levy, 1985, Dana, et al, 1989, and at a somewhat greater distance, Kurz and Salvadori, 1995 and Foley and Michl, 1999). This literature demonstrates conditions under which the intertemporal equilibrium paths of neoclassical general equilibrium models converge to the profit-rate equalizing paths of Classical theory. (In general this occurs when all inputs except land are produced within the economy after the initial period.) These findings are curious in the light of the neoclassical tradition’s tendency to define itself in opposition to Classical cost of production theories of value, and the fierce methodological criticism Classical economists have made of neoclassical equilibrium. Burgstaller argues that this family resemblance reflects a deep theoretical unity between the Classical and neoclassical points of view, which he claims are in fact different special cases of a single master theory of intertemporal economics. This unifying point of view is the quasi-Hamiltonian state-space approach. At each instant stocks of economically meaningful commodities are given, and their rate of change is determined by their prices, which reflect the incentives to change the stocks through investment, and the commodity stocks themselves, which determine, in general, the production possibilities of the system given technology. Prices, on the other hand, are not predetermined in any instant, but are free to jump discontinuously to clear the markets for stocks of commodities. The rate of change of prices depends on the stocks of commodities, which determine their relative scarcities and hence quasi-rents, the level of prices, and the no-arbitrage condition that under the assumption of certain knowledge of future prices titles to all commodities must promise the same rate of return. While prices are not subject to a boundary condition at the current instant, as stocks of commodities are, they are subject to asymptotic nonnegativity conditions that suffice to determine the equilibrium paths of the joint