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Item Type Article
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AA00260492-20100000-0043  
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AA00260492-20100000-0043.pdf
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Title
Title The authorship of the marginal productivity theory in "The old quarrel"  
Kana  
Romanization  
Other Title
Title  
Kana  
Romanization  
Creator
Name 川俣, 雅弘  
Kana カワマタ, マサヒロ  
Romanization Kawamata, masahiro  
Affiliation Faculty of Social Sciences, Hosei University, Tokyo, Japan  
Affiliation (Translated)  
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Place
Tokyo  
Publisher
Name Keio Economic Society, Keio University  
Kana  
Romanization  
Date
Issued (from:yyyy) 2010  
Issued (to:yyyy)  
Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
Captured (yyyy-mm-dd)  
Physical description
 
Source Title
Name Keio economic studies  
Name (Translated)  
Volume 46  
Issue  
Year 2010  
Month  
Start page 43  
End page 59  
ISSN
00229709  
ISBN
 
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Abstract
We coordinate contributions of the economists in "the 0ld quarrel" to marginal productivity theory in the light of the theory of long-run competitive equilibrium in the market economy. The exhaustion theorem is established if the total production function of the economy is homogeneous of degree one, even when individual production functions are not necessarily so. Wicksteed proved the exhaustion theorem in the theory of competitive producer. Walras tried to generalize it in the theory of competitive markets, and Barone revised Walras' theory. Pareto suggested the condition of producer's profit maximization compatible with the free competition equilibrium, but he had a negative view on the validity of the exhaustion theorem. Wicksell put forward theproperties of production functions to prove the exhaustion theorem in Barone's theory of competitive markets.
 
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Keyword
exhaustion theorem  

marginal productivity theory  

long-runbcompetitive equilibrium  
NDC
 
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Language
英語  
Type of resource
text  
Genre
Journal Article  
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Last modified date
Feb 01, 2012 15:57:10  
Creation date
Feb 23, 2011 09:00:00  
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History
Feb 24, 2011    フリーキーワード, 抄録, キーワード を変更
Feb 1, 2012    フリーキーワード, キーワード を変更
 
Index
/ Public / Faculty of Economics / Keio economic studies / 46 (2010)
 
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