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The Neoclassical Theory of Production and Distribution

$60.00 (Z)

  • Date Published: August 2008
  • availability: Manufactured on demand: supplied direct from the printer
  • format: Paperback
  • isbn: 9780521076296

$60.00 (Z)
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  • The object of this book is to present a complete, systematic and thorough exposition of the neoclassical theory of production and distribution. Despite this basic objective, each chapter presents extensions of neoclassical theory and interpretations of established relations. The book has two distinct parts. In Part I the microeconomic theories of production, cost and derived input demand are explored in depth for both fixed-proportions and variable-proportions production functions. Special emphasis is placed upon the characteristics and implications of production functions homogeneous of degree one. Part II is devoted chiefly to the neoclassical theory of aggregate relative factor shares, the elasticity of substitution, and technological progress.

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    Product details

    • Date Published: August 2008
    • format: Paperback
    • isbn: 9780521076296
    • length: 404 pages
    • dimensions: 229 x 152 x 23 mm
    • weight: 0.59kg
    • availability: Manufactured on demand: supplied direct from the printer
  • Table of Contents

    1. Introduction
    Part I. The microeconomic theory of production:
    2. The technical theory of production under condition of fixed proportions
    3. The economic theory of production under conditions of fixed proportions
    4. Technical aspects of continuous production functions: general theory
    5. Technical aspects of continuous production functions homogeneous of degree one
    6. Economic theory of production with fixed input prices
    7. The theory of cost with fixed input prices
    8. The economic theory of cost and production with variable input prices
    9. 'Inferior factors' and the theories of production and input demand
    10. Theory of the multi-product firm
    Part II. Macroeconomic theories of distribution and technological progress:
    11. Technological progress and the neoclassical theory of production
    12. Technological progress and the neoclassical theory of distribution
    13. Vintage models and fixed proportions in neoclassical theory
    14. Learning by doing
    15. Monopoly and aggregate demand as determinants of relative factor shares
    16. Induced bias of invention and the theory of distributive shares.

  • Author

    C. E. Ferguson

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