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Arguably therefore, the production functions used in economic theory—whether spouted by mainstream Neoclassical or non-orthodox Post Keynesians—deserve to “collapse in deepest humiliation”.
The neoclassical growth theory is an economic concept where equilibrium is found by varying the labor amount and capital in the production function.
The per worker production function attempts to model how much a single employee will produce based on either land available or capital invested. The Malthusian model bases it solely on land while ...
U. Reinhardt, A Production Function for Physician Services, The Review of Economics and Statistics, Vol. 54, No. 1 (Feb., 1972), pp. 55-66 Free online reading for over 10 million articles Save and ...
Habib A. Zuberi, Production Function, Institutional Credit and Agricultural Development in Pakistan, The Pakistan Development Review, Vol. 28, No. 1 (Spring 1989), pp. 43-55 ... (Commercial ...
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