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2010 | 58 | 5 | 492-511
Article title

POLEMIC ON RELATIONSHIP BETWEEN THE NEOCLASSICAL PRODUCTION FUNCTION AND THE THEORY OF DISTRIBUTION (Polemika o vztahu neoklasicke produkcni funkce a teorie rozdelovani)

Title variants
Languages of publication
CS
Abstracts
EN
The neoclassical production function stands for a corner-stone of majority of neoclassical schools of macroeconomics. Its history has been bound with such well-known names as A. Marshall, K. Wicksell, C. Cobb, P. Douglas, P. Samuelson, R. Solow, etc. On the other hand, the neoclassical concept of production function has also faced some criticism during the second half of the 20th century coming especially from Europe (J. Robinson, P. Sraffa, L. Pasinetti, P. Sylos Labini, etc.). No matter how rigorous and robust their reproaches were, their critical opinions have never been really reflected in the mainstream economics. The article reopens the debate on validity of presumptions of the neoclassical concept of production function and theory of distribution. Its authors bring objective and unbiased view of the centennial history of various production functions, they show their relations to theories of distribution, and by doing so they hope to attract attention of contemporary economists to the old and yet unsettled issues.
Contributors
author
  • Iva Nedomlelova, Technicka univerzita v Liberci, Ekonomicka fakulta, Katedra ekonomie, Studentska 2, 461 17 Liberec, Czech Republic
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
11SKAAAA100922
YADDA identifier
bwmeta1.element.9fa922df-47d9-3431-bf34-05aac968570f
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