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The Neoclassical Theory of Production and Distribution

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  • Ferguson,C. E.

Abstract

The object of this book is to present a complete, systematic and thorough exposition of the neoclassical theory of production and distribution. Despite this basic objective, each chapter presents extensions of neoclassical theory and interpretations of established relations. The book has two distinct parts. In Part I the microeconomic theories of production, cost and derived input demand are explored in depth for both fixed-proportions and variable-proportions production functions. Special emphasis is placed upon the characteristics and implications of production functions homogeneous of degree one. Part II is devoted chiefly to the neoclassical theory of aggregate relative factor shares, the elasticity of substitution, and technological progress.

Suggested Citation

  • Ferguson,C. E., 2008. "The Neoclassical Theory of Production and Distribution," Cambridge Books, Cambridge University Press, number 9780521076296, January.
    • Handle: RePEc:cup:cbooks:9780521076296
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    Cited by:

    1. Bo Peng & Rasa Melnikiene & Tomas Balezentis & Giulio Paolo Agnusdei, 2024. "Structural dynamics and sustainability in the agricultural sector: the case of the European Union," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 12(1), pages 1-27, December.
    2. Soukopová Jana & Nemec Juraj & Matějová Lenka & Struk Michal, 2014. "Municipality Size and Local Public Services: Do Economies of Scale Exist ?," NISPAcee Journal of Public Administration and Policy, Sciendo, vol. 7(2), pages 151-171, December.
    3. Sugathan, Anish & Malghan, Deepak & Chandrashekar, S. & Sinha, Deepak K., 2019. "Downstream electric utility restructuring and upstream generation efficiency: Productivity dynamics of Indian coal and gas based electricity generators," Energy, Elsevier, vol. 178(C), pages 832-852.
    4. Kim, Seh Young, 2021. "Determining critical factors of gender inequality: Evidence from 34 OECD and non-OECD countries," World Development Perspectives, Elsevier, vol. 21(C).
    5. Terence Lam & Keith Gale, 2014. "Highway maintenance: impact of framework agreements upon project financial performance," Construction Management and Economics, Taylor & Francis Journals, vol. 32(5), pages 460-472, May.
    6. Jing Liu & Laura Bowling & Christopher Kucharik & Sadia Jame & Uris Baldos & Larissa Jarvis & Navin Ramankutty & Thomas Hertel, 2022. "Multi-scale Analysis of Nitrogen Loss Mitigation in the US Corn Belt," Papers 2206.07596, arXiv.org.

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