Skip to main content

Misunderstandings in the Theory of Production

  • Chapter
Samuelson and Neoclassical Economics

Part of the book series: Recent Economic Thought ((RETH,volume 1))

Abstract

Any contribution to economic theory that is not merely repeating slogans must pass through a stage of what Janos Kornai (1971) has called intellectual experiment. Concepts are defined and logical relations between them worked out under the shelter of “other things equal” and “other things remaining the same.” When inconsistencies have been eliminated and implausible assumptions discarded, the next stage is to propose the most promising-looking hypotheses to be confronted with evidence from reality.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

eBook
USD 16.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 16.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Kornai, J. 1971. Anti-equilibrium. Amsterdam: North Holland.

    Google Scholar 

  • Robinson, J. 1975. “The Unimportance of Reswitching.” Quarterly Journal of Economics 89:32–39. See also Collected Economic Papers, vol 5. Oxford: Basil Blackwell, 1979.

    Article  Google Scholar 

  • Samuelson, P. 1962. “Parable and Realism in Capital Theory: The Surrogate Production Function.” Review of Economic Studies 29:193–206.

    Article  Google Scholar 

  • Samuelson, P. 1966. “A Summing Up.” Quarterly Journal of Economics 80:568–583.

    Article  Google Scholar 

  • Samuelson, P. 1975. “Steady-State and Transient Relations: A Reply on Reswitching.” Quarterly Journal of Economics 89:40–47.

    Article  Google Scholar 

  • Sraffa, P., ed. 1951. Works and Correspondence of David Ricardo, vol. 1. Cambridge, England: Cambridge University Press.

    Google Scholar 

  • Sraffa, P. 1960. Production of Commodities by Means of Commodities. Cambridge, England: Cambridge University Press.

    Google Scholar 

Download references

Authors

Editor information

George R. Feiwel

Rights and permissions

Reprints and permissions

Copyright information

© 1982 Kluwer • Nijhoff Publishing

About this chapter

Cite this chapter

Robinson, J. (1982). Misunderstandings in the Theory of Production. In: Feiwel, G.R. (eds) Samuelson and Neoclassical Economics. Recent Economic Thought, vol 1. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-7377-0_5

Download citation

  • DOI: https://doi.org/10.1007/978-94-009-7377-0_5

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-009-7379-4

  • Online ISBN: 978-94-009-7377-0

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics