Abstract
When the conception of the rate of profit determined by the rate of accumulation of capital and thriftiness conditions is combined with the conception of a choice of technique from a given spectrum of possibilities, it can be seen that the highest rate of output of consumption goods is achieved when the rate of profit on capital is equal to the rate of accumulation.1
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© 1962 Joan Robinson
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Robinson, J. (1962). A Neo-Neoclassical Theorem. In: Essays in the Theory of Economic Growth. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-00626-7_4
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DOI: https://doi.org/10.1007/978-1-349-00626-7_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-00628-1
Online ISBN: 978-1-349-00626-7
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