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factors of production
History of Political Economy (1999) 31 (Supplement): 41–56.
Published: 01 December 1999
... Pfeiffer. New York: Rizzoli. The Problem of Unique Goods as Factors of Production: Rousseau on Art and the Economy Bertil Fridén One of Jean-Jacques Rousseau‘s projects was to develop a philosophy for the economy of what he thought were the most important things in life for mature women...
History of Political Economy (2004) 36 (3): 505–519.
Published: 01 September 2004
... Wenzer, 109 -33. Armonk, N.Y.: M.E. Sharpe. Tullock, Gordon. 1967 . The Welfare Costs of Tariffs,Monopolies, and Theft. Western Economic Journal 5 (June): 224 -32. Frank Knight’s Proposal to End Distinctions among Factors of Production and His Objection to the Single Tax Florenz...
History of Political Economy (2014) 46 (2): 265–280.
Published: 01 June 2014
... institutions, economic policy proposals, and the unplanned, spontaneously arisen Lombard irrigation system, underlining the impediments to its application to Ireland. He sees intelligence as the key factor of production, since economic progress depends on knowledge, both codified and uncodified. His approach...
History of Political Economy (2011) 43 (4): 743–763.
Published: 01 November 2011
...Jorge Morales Meoqui With the famous numerical example of chapter 7 of the Principles (1817) David Ricardo intended to illustrate first and foremost the new proposition that his labor theory of value does not regulate the price of international transactions when the factors of production...
History of Political Economy (2018) 50 (2): 403–412.
Published: 01 June 2018
...Leland B. Yeager Gustav Cassel explained the interest rate as the price of a factor of production. Irving Fisher rejected Cassel’s contribution and, astonishingly, denied that interest measures any opportunity cost. References Blaug Mark . 1962 . Economic Theory in Retrospect...
History of Political Economy (2018) 50 (1): 191–219.
Published: 01 March 2018
... on its own ground, which is the fascinating and unique aspect of the book. In the discussion he also works out some principles of social philosophy. Capital is underplayed: the only original all-important production factor is land. The importance given to the right of private property in land...
History of Political Economy (2009) 41 (Suppl_1): 67–87.
Published: 01 December 2009
... for this “knife-edge” problem in the absence of any adjustment mechanism and based his alternative model on substitution between capital and labor in production and flexibility of factor prices. This article focuses on Solow's motivation and the main content of his approach in reaction to Harrod and Domar's...
History of Political Economy (2009) 41 (Suppl_1): 285–303.
Published: 01 December 2009
... reference to the overall growth of product demand in the economy that both induces and limits increased specialization. What is attributed to the factors—the value of their marginal products—is not a measure of their contribution . Integration does not give the social picture. Young's theory...
History of Political Economy (2019) 51 (3): 579–599.
Published: 01 June 2019
... factors, with the residual serving as a measure of total factor productivity growth. His method and results were met equally with praise and criticism. The interrogations around the residual gave rise to an abundant literature from the late 1950s which made it possible to improve the technique...
History of Political Economy (2013) 45 (1): 99–121.
Published: 01 March 2013
... act to modify previously established market outcomes. In contrast, de Viti worked with a framework where political and market outcomes were established simultaneously because he regarded the state as an essential productive factor within society. At the same time, however, de Viti did not treat state...
History of Political Economy (2010) 42 (2): 221–266.
Published: 01 June 2010
..., were their technological heterogeneity—in the sense of significant differences in the capital-labor ratio between two or more sectors—and underemployment caused by maladjustment between the availability of factors and irreversible production methods. Both characteristics were explained...
History of Political Economy (2002) 34 (2): 479–498.
Published: 01 June 2002
... his read- ers that labor was always a scarce factor of production. Then, in another essay, he explained the paradoxical existence of unemployment by mar- ket imperfections such as rigid wages and the fact that workers were not fungible or interchangeable. Third, he noted that, while demand...
History of Political Economy (1987) 19 (2): 289–298.
Published: 01 June 1987
... that counties tend to export commodities requiring rela- tively large amounts of their relatively abundant factors of production, while conversely they tend to import commodities requiring relatively large amounts of their relatively scarce factors of production.2The ances- try...
History of Political Economy (1993) 25 (suppl_1): 202–220.
Published: 01 January 1993
... of a conservative technology field. Production must not alter either the available technology or the factors of production, and the technology and the measurement of factor in puts must both be price-independent. Prices persist over time only when endowments and preferences (and technology...
History of Political Economy (1979) 11 (1): 64–93.
Published: 01 March 1979
... standard fashion, but for the third, the term distribution was defined so as to include only the division of the product among the aggregate factor shares. Specifically, it did not relate to distribution among individuals. Further, he claimed that the inquiry was complete once the aggregate...
History of Political Economy (2000) 32 (4): 765–788.
Published: 01 November 2000
... of the “average period of production” to aggregate them, the initial endowment of the econ- omyof capital could onlybe given in value terms. Wicksell saw that this undermined the basic idea underlying neoclassical theory: that there is an analogybetween the different factors of production—labor, land...
History of Political Economy (1997) 29 (3): 413–443.
Published: 01 September 1997
..., in Young’s words, growth begets growth. It deals with four main points: the self-generating character of growth; the reduced role of the traditional factors of production, the interplay of endogenous and exogenous elements, and the far-reaching implications for theory and policy. Young...
History of Political Economy (2013) 45 (1): 123–148.
Published: 01 March 2013
... reviewed the main studies on the double taxation and criticized both the “new income” and “utility” reasons in favor of the no–double taxation 5. Finally, in 1941, he acknowledged that no double taxation occurs under the assumption that the state is a factor of production, and this opened...
History of Political Economy (1983) 15 (2): 181–205.
Published: 01 June 1983
... analysis for the development of Gee Marshall on ‘short period’ value formation 185 The economic time period is defined with respect to the degree of pos- sible adjustment by physical factors of production to a change in demand. Thus, “For short periods people take the stock...
History of Political Economy (1975) 7 (2): 227–251.
Published: 01 June 1975
.... To satisfy his cravings, a person must expend effort, and since labor is irksome, he will try to obtain max- imum satisfaction with minimum sacrifice. Fortunately, Providence and nature come to his aid. This is especially true when it comes to the first factor of production, natural resources...