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- W186768645 abstract "This paper critically examines exogenous and endogenous neoclassical theories of growth, paying particular attention to the assumptions about marginal returns to factors and returns to scale. It shows that the insistence on basing theories of growth on the traditional and flawed marginalist explanation of distribution extracts a heavy price, in the form of a number of deficiencies in the treatment of subjects like the relationship between accumulation and growth and increasing returns to scale, together with many implausible results and the need for artificial assumptions." @default.
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- W186768645 date "2002-01-01" @default.
- W186768645 modified "2023-09-27" @default.
- W186768645 title "THE LAWS OF RETURNS IN NEOCLASSICAL THEORIES OF GROWTH: A SRAFFIAN CRITIQUE" @default.
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