Process Analysis and the Neoclassical Theory of Production

1972 ◽  
Vol 54 (2) ◽  
pp. 279-294 ◽  
Author(s):  
Nicholas Georgescu‐Roegen
Keyword(s):  
Process Analysis ◽  
Neoclassical Theory ◽  
Theory Of Production

The Neoclassical Theory of Production and Distribution.

Economica ◽  
1971 ◽  
Vol 38 (152) ◽  
pp. 438
Author(s):  
S. A. Ozga ◽  
C. E. Ferguson
Keyword(s):  
Neoclassical Theory ◽  
Production And Distribution ◽  
Theory Of Production

scholarly journals Irrigation Water Supply as a Bioeconomic Process

1984 ◽  
Vol 16 (2) ◽  
pp. 73-82 ◽  
Author(s):  
Gary D. Lynne ◽  
William G. Boggess ◽  
Kenneth M. Portier
Keyword(s):  
Water Supply ◽  
Irrigation Water ◽  
Marginal Cost ◽  
Process Analysis ◽  
Effective Field ◽  
Analytical Tool ◽  
Water Levels ◽  
Citrus Grove ◽  
Neoclassical Theory ◽  
Florida Citrus

AbstractIrrigation water is produced within the irrigation subprocess of a farm. Water supply is identified for effective field water, which sets the upper bound on water available for plant use. Georgescu-Roegen process analysis concepts are merged with the neoclassical theory of cost as the underlying framework. The approach is illustrated for a permanent overhead system used in a Florida citrus grove. The marginal cost for the 2.54 centimeters application depth dominates all other depths for the higher water levels. Process analysis is an important analytical tool for increasing understanding of the features of irrigation water supply.

The Neoclassical Theory of Production and Distribution

1970 ◽  
Vol 72 (3) ◽  
pp. 230 ◽  
Author(s):  
Tönu Puu ◽  
C. E. Ferguson ◽  
Tonu Puu
Keyword(s):  
Neoclassical Theory ◽  
Production And Distribution ◽  
Theory Of Production

The Neoclassical Theory of Production and Distribution.

1970 ◽  
Vol 80 (318) ◽  
pp. 336 ◽  
Author(s):  
Joan Robinson ◽  
C. E. Ferguson
Keyword(s):  
Neoclassical Theory ◽  
Production And Distribution ◽  
Theory Of Production

scholarly journals Solving the Reswitching Paradox in the Sraffian Theory of Capital

2019 ◽  
Vol 6 (6) ◽  
pp. 97
Author(s):  
Carlo Milana
Keyword(s):  
Interest Rate ◽  
Theoretical Analysis ◽  
Income Distribution ◽  
Neoclassical Theory ◽  
Relative Prices ◽  
The Interest Rate ◽  
Capital Intensive ◽  
Theory Of Production ◽  
Input Prices ◽  
Sraffian Theory

The possibility of the reswitching of techniques in Piero Sraffa’s intersectoral model, namely the recurring capital-intensive techniques with monotonic changes in the interest rate, is traditionally considered as a paradoxical violation of the assumed convexity of technology putting at stake the viability of the neoclassical theory of production. It is argued here that this phenomenon can be rationalized within the neoclassical paradigm. Sectoral interdependencies can give rise to the well-known price Wicksell effect, which is the revaluation of capital goods due to changes in relative prices triggered by monotonic variations in income distribution. The reswitching of techniques is, therefore, the result of cost-minimizing technical choices facing returning ranks of relative input prices in full consistency with the pure marginalist theory of factor rewards. The theoretical analysis proposed in this article is applied empirically to the counterexamples of various case studies presented in the literature.

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