On the measurement of aggregate production functions

Article Abstract:

Measurement of aggregate production function can be illustrated using Robert Solow's article 'Technical Change and the AggregateProduction Function.' The method used by Solow describes a situation in which an output identity with base-period weights results when technical change is consistent with the neutrality and the homogeneity hypotheses. Further supporting this concept of the aggregate function is that all homogenous production functions equal base-year wage and base year.

Measurement, Production functions (Economics), Solow, Robert M.

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Increasing returns and competitive equilibrium - the content and developmentof Marshall's theory

Article Abstract:

A. Marshall's theory on increasing returns and competitive equilibrium has been interpreted with key factors, first, external economies and second, the life cycle of the firm. In his 'Principles of Economics, the concepts of internal and external economies and the representative firm, Marshall reconciles increasing returns and competition according to the model proposed by Cournot in which external economies is the cause of increasing returns in a competitiveenvironment.

Marshall, A.

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The Hegelian dialectic and Marx's 'Capital.' (Georg Wilhelm Friedrich Hegel;Karl Marx's 'Das Kapital')

Article Abstract:

The proper treatment of Karl Marx's economic principles as embodied in his 'Capital' requires a thorough understanding of the Hegelian method of the dialectic. While Marx's ideas are his, his works are based on the method of formalism and experimentalism developed by Georg Hegel which makes use of concrete universals. Some critics claim this indebtedness is erroneous and that the works of Hegel and Marx are distinct.

Analysis, Marx, Karl (German political philosopher), Hegel, Georg Wilhelm Friedrich, Dialectical materialism

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