IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v65y2006i3p787-802.html
   My bibliography  Save this article

The Complex Taxonomy of the Factors

Author

Listed:
  • Fred E. Foldvary

Abstract

. Contemporary neoclassical economics has reduced factor analysis to two homogenous inputs, K and L. This excessive simplification has led to a deficient understanding of economic reality and a misunderstanding of concepts such as the producer surplus. This paper presents a taxonomy of the factors, including the complexity of natural resources. A better understanding of the role that factors play will enhance an understanding of economic reality and policy.

Suggested Citation

  • Fred E. Foldvary, 2006. "The Complex Taxonomy of the Factors," American Journal of Economics and Sociology, Wiley Blackwell, vol. 65(3), pages 787-802, July.
    • Handle: RePEc:bla:ajecsc:v:65:y:2006:i:3:p:787-802
    DOI: 10.1111/j.1536-7150.2006.00472.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1536-7150.2006.00472.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1536-7150.2006.00472.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Fred E. Foldvary, 2005. "Geo-Rent: A Plea to Public Economists," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 106-132, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Foldvary, Fred Emanuel & Minola, Luca Andrea, 2017. "The taxation of land value as the means towards optimal urban development and the extirpation of excessive economic inequality," Land Use Policy, Elsevier, vol. 69(C), pages 331-337.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kumhof, Michael & Tideman, Nicolaus & Hudson, Michael & Goodhart, Charles, 2021. "Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land," CEPR Discussion Papers 16652, C.E.P.R. Discussion Papers.
    2. Pierre-Samuel Dupont de Nemours, 2011. "Remarks from 1809 by Dupont de Nemours on Adam Smith," Econ Journal Watch, Econ Journal Watch, vol. 8(2), pages 174-184, May.
    3. Stefano Moroni, 2014. "Towards a general theory of contractual communities: neither necessarily gated, nor a form of privatization," Chapters, in: David Emanuel Andersson & Stefano Moroni (ed.), Cities and Private Planning, chapter 3, pages 38-65, Edward Elgar Publishing.
    4. Fred E. Foldvary, 2014. "Governance by voluntary association," Chapters, in: David Emanuel Andersson & Stefano Moroni (ed.), Cities and Private Planning, chapter 4, pages 66-92, Edward Elgar Publishing.
    5. Foldvary, Fred Emanuel & Minola, Luca Andrea, 2017. "The taxation of land value as the means towards optimal urban development and the extirpation of excessive economic inequality," Land Use Policy, Elsevier, vol. 69(C), pages 331-337.
    6. Daniel B. Klein & Michael J. Clark, 2006. "A Little More Liberty: What the _JEL_ Omits in Its Account of What the Economic Report of the President Omits," Econ Journal Watch, Econ Journal Watch, vol. 3(3), pages 466-483, September.
    7. Špeciánová Jitka, 2018. "Unconditional Basic Income in the Czech Republic: What Type of Taxes Could Fund It? A Theoretical Tax Analysis," Basic Income Studies, De Gruyter, vol. 13(1), pages 1-19, June.
    8. Cecil E. Bohanon & John B. Horowitz & James E. McClure, 2014. "Saying Too Little, Too Late: Public Finance Textbooks and the Excess Burdens of Taxation," Econ Journal Watch, Econ Journal Watch, vol. 11(3), pages 277-296, September.
    9. Fred E. Foldvary, 2008. "Uncovering the Costs of the Iraq War," Econ Journal Watch, Econ Journal Watch, vol. 5(3), pages 373-379, September.
    10. Zachary Gochenour & Bryan Caplan, 2013. "An entrepreneurial critique of Georgism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(4), pages 483-491, December.
    11. Li Tian, 2014. "Property Rights, Land Values and Urban Development," Books, Edward Elgar Publishing, number 15856.
    12. Dirk Löhr & Norbert Olah & Thomas Huth, 2021. "Boden, der vergessene Produktionsfaktor [Land, the Forgotten Factor of Production]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(3), pages 221-226, March.
    13. Luca A Minola & Fred E Foldvary & David E Andersson, 2020. "Fiscal principles for self-organizing cities," Environment and Planning B, , vol. 47(2), pages 235-250, February.
    14. Fred Foldvary, 2005. "Planning By Freehold," Economic Affairs, Wiley Blackwell, vol. 25(4), pages 11-15, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:65:y:2006:i:3:p:787-802. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.