Choice of Techniques

  • T. N. Srinivasan
Part of the International Economic Association Series book series (IEA)


The problem of the choice of techniques in development planning has been discussed in the literature so extensively that it is difficult to add anything significant. In what follows I shall attempt to review briefly the major aspects of the problem that have justifiably received attention in the literature and discuss one important aspect — uncertainty about the future — that has not received the attention it deserves.


Foreign Exchange Portfolio Choice Shadow Prex Discount Cost Capital Intensity 
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  1. 2.
    David Levhari and Eyton Sheshinski, A Micro-Economic Production Function (Department of Economics, The Hebrew University, Jerusalem, Dec 1968).Google Scholar

Copyright information

© International Economic Association 1970

Authors and Affiliations

  • T. N. Srinivasan
    • 1
  1. 1.Indian Statistical InstituteNew DelhiIndia

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