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Process in Farming Versus Process in Manufacturing: A Problem of Balanced Development

In: Economic Problems of Agriculture in Industrial Societies

Author

Listed:
  • Nicholas Georgescu-Roegen

    (Vanderbilt University)

Abstract

It is Wicksteed who first pointed out the ‘fascinating’ analogy between the laws of satisfaction and those of production.1 A trivial idea by now, the formal identity between consumption and production theory comes from the fact that in both cases the main problem is one of maximizing an ordinary function of several independent variables subject to a budget constraint.

Suggested Citation

  • Nicholas Georgescu-Roegen, 1969. "Process in Farming Versus Process in Manufacturing: A Problem of Balanced Development," International Economic Association Series, in: Ugo Papi & Charles Nunn (ed.), Economic Problems of Agriculture in Industrial Societies, chapter 0, pages 497-533, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08476-0_24
    DOI: 10.1007/978-1-349-08476-0_24
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    Citations

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    Cited by:

    1. Morroni, Mario, 2014. "Production of commodities by means of processes," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 5-18.
    2. O'Hara, Sabine U., 1997. "Toward a sustaining production theory," Ecological Economics, Elsevier, vol. 20(2), pages 141-154, February.
    3. Antonio Andreoni, 2011. "Manufacturing Agrarian Change - Agricultural production, inter-sectoral learning and technological capabilities," DRUID Working Papers 11-13, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    4. Michalis Nikiforos, 2011. "On the Desired Rate of Capacity Utilization," Working Papers 1116, New School for Social Research, Department of Economics.
    5. Couix, Quentin, 2020. "Georgescu-Roegen's Flow-Fund Theory of Production in Retrospect," Ecological Economics, Elsevier, vol. 176(C).
    6. O'Hara, Sabine & Kakovitch, Thomas S., 2023. "Water as driver of economic capacity: Introducing a physical economic model," Ecological Economics, Elsevier, vol. 208(C).
    7. Xiaohui, Chen & Tiansong, Wang & Piano, Samuele Lo & Mayumi, Kozo, 2015. "China's metabolic patterns and their potential problems," Ecological Modelling, Elsevier, vol. 318(C), pages 75-85.
    8. Mauler, Lukas & Duffner, Fabian & Leker, Jens, 2021. "Economies of scale in battery cell manufacturing: The impact of material and process innovations," Applied Energy, Elsevier, vol. 286(C).
    9. Scazzieri, Roberto, 2014. "A structural theory of increasing returns," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 75-88.
    10. Kozo Mayumi & Mario Giampietro, 2014. "Toward Partial Redirection of Energy Policy for Responsible Development," UHE Working papers 2014_01, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
    11. Lo Piano, Samuele & Mayumi, Kozo, 2017. "Toward an integrated assessment of the performance of photovoltaic power stations for electricity generation," Applied Energy, Elsevier, vol. 186(P2), pages 167-174.
    12. Siggel, Eckhard, 1982. "Le progrès, le transfert et le choix technologiques dans les pays en voie de développement (PVD) : vers une approche plus réaliste du problème de la substitution," L'Actualité Economique, Société Canadienne de Science Economique, vol. 58(3), pages 303-322, juillet-s.
    13. Pannone, Andrea, 2010. "Production, unemployment and wage flexibility in an ICT-assisted economy: A model," Structural Change and Economic Dynamics, Elsevier, vol. 21(3), pages 219-230, August.

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