Cobb-Douglas aggregate production function surely represents the cornerstone of the neoclassical theory. However, its good fit implies the respect for a series of unrealistic and increasingly restrictive hypothesis. So, this article attempts to summarize and to analyze the most important objections to Cobb-Douglas function raised by heterodox economists.
Ripensare la funzione di produzione neoclassica
Gaetano Perone
Primo
Writing – Review & Editing
2018-01-01
Abstract
Cobb-Douglas aggregate production function surely represents the cornerstone of the neoclassical theory. However, its good fit implies the respect for a series of unrealistic and increasingly restrictive hypothesis. So, this article attempts to summarize and to analyze the most important objections to Cobb-Douglas function raised by heterodox economists.File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.