ALBERT — All Library Books, journals and Electronic Records Telegrafenberg

Hits per page

hit 1 - 1 | 1 hit

Select All Export

Electronic Resource

Young's increasing returns, the factory system and Kaldor's admonition (1998)

Shropshire, William O.

[S.l.] : Emerald

Journal of economic studies 25 (1998), S. 179-192

add to mindlist on the mindlist

Details

ISSN: 0144-3585

Source: Emerald Fulltext Archive Database 1994-2005

Topics: Economics

Notes: Nicholas Georgescu-Roegen's analysis of the factory system is used to show how an expanded market makes possible increasing returns in manufacturing, which can in turn lead to the kind of cumulative growth process envisioned by Allyn Young. The analysis is then extended to take into account Nicholas Kaldor's admonition to pay attention to the fact that manufacturing is a process that uses inputs that are the products of nature. It is found that the inability to use the factory system in agriculture limits the extent of increasing returns in manufacturing. Increasing returns in manufacturing and an accompanying pattern of cumulative growth require a continuing infusion of exogenous technological innovation in agriculture.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1108/01443589810215333

	Location	Call Number	Expected	Availability

Others were also interested in ...

Paper (German National Licenses)

Fulltext

hit 1 - 1 | 1 hit